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How do I solve this? Exercise 13-9 Kinder Company has these comparative balance sheet data: KINDER COMPANY Balance Sheets December 31 2014 2013 Cash Accounts

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Exercise 13-9 Kinder Company has these comparative balance sheet data: KINDER COMPANY Balance Sheets December 31 2014 2013 Cash Accounts receivable (net) Inventory Plant assets (net) $15,000 70,000 60,000 $30,000 60,000 50,000 200,000180,000 $320,000 $60,000 100,000 120,000 40,000 $320,000 $345,000 $50,000 100,000 140,000 55,000 $345,000 Accounts payable Mortgage payable (15%) Common stock, $10 par Retained earnings Additional information for 2014: 1. Net income was $25,000. 2. Sales on account were $375,000. Sales returns and allowances amounted to $25,000. 3. Cost of goods sold was $198,000. 4. Net cash provided by operating activities was $48,000. 5. Capital expenditures were $25,000, and cash dividends were $10,000. Compute the following ratios at December 31, 2014. (Round all answers to 2 decimal places, e.g. 1.83.) (a) Current ratio (b) Accounts receivable turnover times Average collection period. $ 60,000 $50,000 100,000 Accounts payable Mortgage payable (1596) Common stock, $10 par Retained earnings 100,000 140,000 55,000 $345,000 120,000 40,000 $320,000 Additional information for 2014: 1. Net income was $25,000. 2. Sales on account were $375,000. Sales returns and allowances amounted to $25,000. 3. Cost of goods sold was $198,000. 4. Net cash provided by operating activities was $48,000. 5. Capital expenditures were $25,000, and cash dividends were $10,000. Compute the following ratios at December 31, 2014. (Round all answers to 2 decimal places, e.g. 1.83.) (a) Current ratio times days times days times times (b) Accounts receivable turnover. (c) Average collection period (d) Inventory turnover. (e) Days in inventory (f) Cash debt coverage ratio. (g) Current cash debt coverage ratio (h) Free cash flow. LINK TO TEXT

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