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.
17,966,684 questions answered
Popular Conversations
How is the infinitive phrase used in the sentence? Morning is the ...
Weegy: To go to college is my greatest ambition. The infinitive phrase "to go to college" is used as noun as subject. ...
10/24/2014 11:04:05 AM| 5 Answers
Brandon's huge collection of paper cranes come from his origami ...
Weegy: The correct sentence is: Brandon's huge collection of paper cranes comes from his origami hobby. User: ...
10/24/2014 7:48:30 AM| 3 Answers
Solve for x. -5x + 12x - 8x = -24
Weegy: Add -5, 12, and -8 to get -1. So -1x=-24. Thus x=24 User: Choose the answer based on the most efficient ...
10/23/2014 12:33:39 AM| 2 Answers
Who was the poet who wrote The Faerie Queene? A. Francis ...
Weegy: Edmund Spenser was the poet who wrote The Faerie Queene.
10/23/2014 1:19:01 AM| 2 Answers
Emily Dickinson's poem "Success" is ironic because the idea of losers ...
Weegy: True User: Poems compact meaning and make unexpected associations. True False
10/23/2014 6:26:33 AM| 2 Answers
What percent of 115 is 29.9
Weegy: What percent of 115 is 29.9? is 26% User: What percent of 22 is 44 Weegy: The 44% of 175 is: Convert 44% in ...
10/23/2014 7:20:21 AM| 2 Answers
What is the solution set of (x - 2)(x - 3) = 2?
Weegy: 2(x - 2) > 3(x - 2); 2x - 4 > 3x - 6; 2x - 3x > -6 + 4; -x > -2; x User: What is the solution set of (3x - ...
10/23/2014 7:32:32 AM| 2 Answers
Which of the following expressions is equal to 5 - 2m? 7 - 2(m + ...
Weegy: 5 - 2m is equal to 7 - 2(m + 1) User: Simplify 6(x + 2) + 7. User: Simplify 3x + 3 + 2. User: How ...
10/23/2014 7:54:53 AM| 2 Answers
Multiply the following fractions. Reduce your answer to lowest terms. ...
Weegy: 12/35 User: multiply and reduce 1 7/10 x 3/4 Weegy: 5/12
10/23/2014 8:49:48 AM| 2 Answers
Weegy Stuff
S
L
1
1
1
1
L
1
L
Points 2562 [Total 14937]| Ratings 0| Comments 2562| Invitations 0|Offline
S
L
1
L
P
C
1
P
C
1
L
Points 1628 [Total 11109]| Ratings 4| Comments 1588| Invitations 0|Offline
S
1
L
1
L
P
P
L
Points 893 [Total 13122]| Ratings 0| Comments 893| Invitations 0|Offline
S
L
Points 605 [Total 2004]| Ratings 0| Comments 605| Invitations 0|Offline
S
1
L
L
Points 505 [Total 6299]| Ratings 3| Comments 475| Invitations 0|Offline
S
Points 482 [Total 482]| Ratings 0| Comments 452| Invitations 3|Offline
S
Points 454 [Total 455]| Ratings 6| Comments 394| Invitations 0|Offline
S
Points 277 [Total 277]| Ratings 1| Comments 267| Invitations 0|Offline
S
P
C
L
P
L
1
Points 48 [Total 6282]| Ratings 0| Comments 48| Invitations 0|Offline
S
L
Points 34 [Total 3572]| Ratings 2| Comments 14| Invitations 0|Offline
Home | Contact | Blog | About | Terms | Privacy | Social | ©2014 Purple Inc.