Using the comparative balance sheet data below, compute the following ratios at December 31st, 2014 (round to 2 decimal places):

1. Current Ratio

2. Accounts Receivable Turnover

3. Average Collection Period

4. Invevntory Turnover

5. Day in Inventory

6. Cash Debt Coverage

7. Current Cash Debt Coverage

8. Free Cash Flow

Armada Company

Balance Sheet Info (2014 $ /2013 $):

Cash: $40,000/$30,000

Accounts Receivable (net): $65,000/$60,000

Inventories: $60,000/$50,000

Plant Assets (net): $185,000/$180,000

Accounts Payable: $50,000/$60,000

Mortgage Payable (15%, due in 15 years): $50,000/$60,000

Common Stock, $10 par: $140,000/$120,000

Retained Earnings: $60,000/$40,000

Additional Information for 2014:

Net income was $25,000.

Sales on account were $450,000. Sales returns and allowances amounted to $25,000.

Cost of goods sold was $275,000.

Net cash provided by operating activities was $49,000.

Capital Expenditures were $23,000, and cash dividends were $18,000.