Armada Company has these comparative balance sheet data: ARMADA COMPANY Bala

Armada Company has these comparative balance sheet data:
ARMADA COMPANY
Balance Sheets
December 31

2010 2009

Cash $ 25000 $ 30000
Receivables (net) 65000 60000
Inventories 60000 50000
Plant assets (net) 200000 180000
$350000 $320000
Accounts payable $ 50000 $ 60000
Mortgage payable (15%) 100000 100000
Common stock $10 par 140000 120000
Retained earnings 60000 40000
$350000 $320000 Instructions
Compute the following ratios at December 31 2010.
(a) Current. (e) Days in inventory.
(b) Receivables turnover. (f ) Cash debt coverage.
(c) Average collection period. (g) Current cash debt coverage.
(d) Inventory turnover. (h) Free cash flow.