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Kinder Company has these comparative balance sheet data: KINDER COMPANY Balance Sheets December 31 2014 2013 Cash $15,000 $30,000 Accounts receivable (net) 70,000 60,000 Inventory

Kinder Company has these comparative balance sheet data:
KINDER COMPANY Balance Sheets December 31
2014 2013
Cash $15,000 $30,000
Accounts receivable (net) 70,000 60,000
Inventory 60,000 50,000
Plant assets (net) 200,000 180,000
$345,000 $320,000
Accounts payable $50,000 $60,000
Mortgage payable (15%) 100,000 100,000
Common stock, $10 par 140,000 120,000
Retained earnings 55,000 40,000
$345,000 $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. :1
(b) Accounts receivable turnover. times
(c) Average collection period. days
(d) Inventory turnover. times
(e) Days in inventory. days
(f) Cash debt coverage ratio. times
(g) Current cash debt coverage ratio. times
(h) Free cash flow. $

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