eyespy
ARMADA COMPANY
Balance Sheets
December 31
2010
2009
Cash
$25,000
$30,000
Receivables (net)
65,000
60,000
Inventories
60,000
50,000
Plant assets (net)
200,000
180,000
$350,000
$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
60,000
40,000
$350,000
$320,000
Additional information for 2010:
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 $18,000.
Compute the following ratios at December 31, 2010. (Round to 3 decimal places, e.g. 2.515.)
Current
:1
Receivables turnover
times
Average collection period
days
Inventory turnover
times
Days in inventory
days
Cash debt coverage
times
Current cash debt coverage
times
Free cash flow
$
1 Answer
jhharlan
Here's how to calculate: http://empressfelicity.hubpages.com/hub/calculating-ratios
| 12 years ago. Rating: 2 | |
