Reference no: EM132451105
Problem - 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.
Required - Compute the following ratios at December 31, 2014.
(a) Current ratio.
(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.
Choose a borrowed theory and apply its framework
: Choose a borrowed theory and apply its framework to an advanced nursing issue
|
Nursing theories and evidence-based practice
: Provide one example that uses a specific middle-range theory to support your views.
|
Research on authority
: Research on authority, competition, confrontation, dependency, empowerment, intergroup conflict, negotiation, organizational politics, power, or rational model.
|
Identify a public health program
: Write a three to four page paper that responds to the following: Identify a Public Health Program and provide a description of it.
|
Compute the accounts receivable turnover
: Sales on account were $375,000. Sales returns and allowances amounted to $25,000. Compute the accounts receivable turnover
|
How devise a cyber detection risk plan acc to cisa rules
: Describe how each fraud is perpetrated and devise a cyber detection risk plan according the direction of the CISA rules. Support your rationale
|
Health care provider and faith diversity-first draft
: The practice of health care providers at all levels brings you into contact with people from a variety of faiths. This calls for knowledge and acceptance
|
Conduct a search on edms vendors
: Conduct a search on EDMS vendors. Utilize different terms and word combinations (Boolean search) and write down your results.
|
Describe an invalid and unreliable source
: Describe an invalid and unreliable source of professional nursing knowledge different from other students' posts.
|