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    Armada Company has these comparative balance sheet data?
    Really could use any help or advice on tools on how to simplify to getting to the answers. ty 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. Hint: Compute selected ratios. Instructions Compute the following ratios at December 31, 2010. (a) Current. (b) Receivables turnover. (c) Average collection period. (d) Inventory turnover. (e) Days in inventory. (f) Cash debt coverage. (g) Current cash debt coverage. (h) Free cash flow.
    a few seconds ago 1 Answer

    Best Answer

    Explanations and examples of financial ratios can be found at the source below. Type the ratio you need into the search box.
    a few seconds ago

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