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Mississippi College Operations And Supply Chain Management Assignment Help - Armada Company

Question - 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 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.

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