Question and answer
Armada Company has these comparative balance sheet data: 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 2 :1 Receivables turnover 3 times Average collection period 31 days Inventory turnover 10 times Days in inventory 31 days Cash debt coverage 3:1 times Current cash debt coverage 2:1 times Free cash flow $ 30,000 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
To answer this you need Weegy Pro.
Expert answered|bellepepper|Points 45|
Question
Asked 10/28/2012 10:37:43 PM
0 Answers/Comments
Get an answer
New answers
Rating

There are no new answers.

Comments

There are no comments.

Add an answer or comment
Log in or sign up first.
24,982,472 questions answered
Popular Conversations
What occurred while the surface rocks of the Moon were impacted, ...
Weegy: Bombardment by meteoroids formed the highlands t occurred while the surface rocks of the Moon were impacted, ...
4/29/2016 11:54:26 AM| 3 Answers
Who issued the "Grito de Dolores"? Vicente Guerrero Miguel ...
Weegy: When it was a French colony, Haiti was called St. Domingue. User: Simón Bolívar declared Brazil's ...
4/29/2016 1:50:52 PM| 3 Answers
Philosophical semantics is also known as _____. general ...
Weegy: Philosophical semantics is also known as GENERAL SEMANTICS. User: Frozen language occurs only in ...
4/29/2016 1:47:54 PM| 2 Answers
9/11 + 3/4 = User: 4/10 ÷ 1/3 =
4/29/2016 2:49:26 PM| 2 Answers
Tax incidence is concerned with:
Weegy: True! User: The term that describes how markets regulate themselves is known as:
4/29/2016 3:53:11 PM| 2 Answers
For place values that occur to the left of the decimal point, each ...
Weegy: For place values that occur to the left of the decimal point, each place value is ten times smaller than the ...
4/29/2016 6:27:04 PM| 2 Answers
A synonym is a word that has the same meaning as another word.
Weegy: A synonym is a word that has the same meaning as another word. TRUE. User: A synonym is a. A word that ...
4/30/2016 12:46:40 AM| 2 Answers
Weegy Stuff
S
Points 944 [Total 944] Ratings 23 Comments 694 Invitations 2 Offline
S
1
L
L
P
R
P
L
P
Points 300 [Total 12252] Ratings 2 Comments 270 Invitations 1 Offline
S
L
P
P
P
Points 231 [Total 3377] Ratings 0 Comments 231 Invitations 0 Offline
S
Points 147 [Total 147] Ratings 3 Comments 117 Invitations 0 Offline
S
Points 47 [Total 47] Ratings 4 Comments 7 Invitations 0 Offline
S
Points 43 [Total 56] Ratings 4 Comments 3 Invitations 0 Offline
S
Points 20 [Total 20] Ratings 2 Comments 0 Invitations 0 Offline
S
Points 20 [Total 52] Ratings 2 Comments 0 Invitations 0 Offline
S
Points 16 [Total 69] Ratings 0 Comments 16 Invitations 0 Offline
S
Points 14 [Total 19] Ratings 0 Comments 14 Invitations 0 Offline
* Excludes moderators and previous
winners (Include)
Home | Contact | Blog | About | Terms | Privacy | © Purple Inc.