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.
17,428,898 questions answered
Popular Conversations
All of the following physical reactions occur when our ...
Weegy: What are your choices? User: A. dilating pupils B. increasing heartbeat C. increasing digestion D. increasing ...
9/17/2014 12:53:07 AM| 5 Answers
Which of the following areas would most likely have the deepest layer ...
Weegy: Which of the following areas would most likely have the deepest layer of topsoil? b. beach User: Which layer ...
9/17/2014 1:00:32 AM| 4 Answers
One number is 3 less than twice another. If their sum is 39, find the ...
Weegy: x + 2x - 3 = 39 User: The line that passes through (-1, -3) and (2, 1) User: Input in standard form the ...
9/18/2014 8:03:12 AM| 4 Answers
Simplify the expression where possible. (4c^2)^3 User: Simplify the ...
Weegy: -4x^4 User: Simplify the expression where possible. (x^2)^4 Weegy: that's not possible! what do you need to ...
9/18/2014 9:32:07 AM| 4 Answers
Simplify the expression where possible. (6^3)^-3 User: Simplify the ...
Weegy: (2^3) - 2 = 8 - 2 = 6 ; So the answer is 6. User: Evaluate the following expression. (5x)^0 User: ...
9/18/2014 9:35:27 AM| 4 Answers
Is the underlined word a predicate nominative or a predicate ...
Weegy: "The workers remained calm during the fire drill." In this sentence the word "calm" is the predicate adjective. ...
9/17/2014 2:01:58 PM| 3 Answers
Find the slope of the line whose equation is 7y = 3x + 1.
Weegy: C. The graph will shift 3 units to the right. User: Find the x-intercept of the line whose equation is 10x + ...
9/18/2014 8:01:25 AM| 3 Answers
Which word in the sentence is an indirect object? Send them ...
Weegy: D. apartment is an indirect object. User: Which word in the sentence is an indirect object? Choose all ...
9/18/2014 1:00:56 PM| 3 Answers
. Command is: A. Assumed by the individual who is the highest ranking ...
Weegy: Command is Directing, ordering, or controlling by virtue of explicit statutory, regulatory, or delegated ...
9/17/2014 1:35:53 AM| 2 Answers
When communicating, ICS requires the use of
Weegy: The Incident Command System (ICS) is "a systematic tool used for the command, control, and coordination of ...
9/17/2014 1:36:41 AM| 2 Answers
7. Before applying the corkscrew, Lucas discovers a bit of mold on ...
Weegy: Before applying the corkscrew, Lucas discovers a bit of mold on the cork of a bottle of Pinot Noir. Lucas should ...
9/17/2014 2:54:10 AM| 2 Answers
Weegy Stuff
S
R
L
1
1
P
C
1
P
1
1
L
P
C
P
C
1
P
C
L
P
C
1
P
C
P
C
P
C
L
Points 2005 [Total 26403]| Ratings 4| Comments 1965| Invitations 0|Offline
S
L
1
L
P
C
1
Points 1801 [Total 8332]| Ratings 8| Comments 1721| Invitations 0|Offline
S
L
1
1
1
1
L
1
L
Points 1479 [Total 11259]| Ratings 0| Comments 1479| Invitations 0|Offline
S
L
C
P
C
1
L
L
P
C
1
Points 1428 [Total 17367]| Ratings 11| Comments 1318| Invitations 0|Offline
S
L
P
C
L
P
C
P
C
L
P
C
P
C
P
C
Points 1368 [Total 18540]| Ratings 3| Comments 1338| Invitations 0|Offline
S
1
L
1
L
P
P
L
Points 559 [Total 11805]| Ratings 0| Comments 559| Invitations 0|Offline
S
L
P
C
P
C
1
L
P
C
L
P
C
P
C
P
C
P
C
Points 530 [Total 19061]| Ratings 1| Comments 520| Invitations 0|Offline
S
L
Points 455 [Total 1125]| Ratings 0| Comments 455| Invitations 0|Offline
S
1
L
L
Points 408 [Total 5532]| Ratings 4| Comments 368| Invitations 0|Online
S
Points 46 [Total 46]| Ratings 2| Comments 26| Invitations 0|Offline
Home | Contact | Blog | About | Terms | Privacy | Social | ©2014 Purple Inc.