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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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