Solution-Compute the following ratios at december

Compute the following ratios at december

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Reference no: EM131800706

Kinder Company has these comparative balance sheet data:

KINDER COMPANY Balance Sheets December 31
2014	2013
Cash	mce_markernbsp;34,290	mce_markernbsp;68,580
Accounts receivable (net)	160,020	137,160
Inventory	137,160	114,300
Plant assets (net)	457,200	411,480
$788,670	$731,520
Accounts payable	mce_markernbsp;114,300	mce_markernbsp;137,160
Mortgage payable (15%)	228,600	228,600
Common stock, $10 par	320,040	274,320
Retained earnings	125,730	91,440
$788,670	$731,520

Additional information for 2014:

1.	Net income was $28,200.
2.	Sales on account were $393,000. Sales returns and allowances amounted to $29,500.
3.	Cost of goods sold was $229,000.
4.	Net cash provided by operating activities was $59,500.
5.	Capital expenditures were $29,000, and cash dividends were $17,700.

Compute the following ratios at December 31, 2014. (Round all answers to 2 decimal places, e.g. 1.83.)

Reference no: EM131800706

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Compute the following ratios at december

Reference no: EM131800706

Reference no: EM131800706

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