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Compute the following: (1) current ratio, (2) acid-test ratio, (3) days' sales uncollected, (4) inventory turnover, (5) days' sales in inventory, (6) debt-to-equity ratio, (7)
Compute the following: (1) current ratio, (2) acid-test ratio, (3) days' sales uncollected, (4) inventory turnover, (5) days' sales in inventory, (6) debt-to-equity ratio, (7) times interest earned, (8) profit margin ratio, (9) total asset turnover, (10) return on total assets, and (11) return on common stockholders' equity. (Do not round intermediate calculations.)
Problem 13-4A Calculation of financial statement ratios LO P3 Selected year-end financial statements of Cabot Corporation follow. (All sales were on credit; selected balance sheet amounts at December 31, 2017 were inventory. $47,900, total assets, $219,400, common stock, $87,000, and retained earnings, $37.571) CABOT CORPORATION Income Statement For Year Ended December 31, 2018 Sales $ 453,600 Cost of goods sold 297,150 Gross profit 156,450 Operating expenses 98,800 Interest expense 4,609 Income before taxes 53,050 Income tax expense 21,371 Net income $ 31,679 Assets Cash Short-term investments Accounts receivable, net Merchandise inventory CABOT CORPORATION Balance Sheet December 31, 2018 Liabilities and Equity 16,000 Accounts payable Accrued wages payable 33,200 Income taxes payable 40,150 Long-term note payable, secured by mortgage on plant assets 3,100 Common stock 148,300 Retained earnings $ 249,950 Total liabilities and equity 18,500 4,600 3,200 Prepaid expenses Plant assets, net Total assets 67,400 87,000 69, 250 $ 249,95 Required: Compute the following: (1) current ratio, (2) acid-test ratio. (3) days' sales uncollected, (4) inventory turnover, (5) days' sales in inventory (6) debt-to-equity ratio. (7) times interest earned. (8) profit margin ratio. (9) total asset turnover (10) return on total assets, and (11) return on common stockholders' equity. (Do not round intermediate calculations.) Complete this question by entering your answers in the tabs below. Req 1 and 2 Req3 Req 4 Req 5 Reg 6 Reg 7 Req 8 Reg 9 Req 10 Req 11 Complete this question by entering your answers in the tabs below. Req 1 and 2 Reg 3 Reale Req 5 Req 6 Req 7 Req 8 Reg 9 Reg 10 Reg 11 Compute the inventory turnover. Inventory Turnover Choose Denominator: Choose Numerator: = = = Inventory Turnover Inventory turnover times 2018: I ( Req3 Reg 5 > Required: Compute the following: (1) current ratio, (2) acid-test ratio, (3) days' sales uncollected, (4) inventory turnover. (5) days' sales in inventory (6) debt-to-equity ratio. (7) times interest earned, (8) profit margin ratio. (9) total asset turnover (10) return on total assets, and (11) return on common stockholders' equity. (Do not round intermediate calculations.) Complete this question by entering your answers in the tabs below. Req 1 and 2 Reg 3 Reg 4 Req) Reg 6 Req 7 Reg 8 Reg 9 Req 10 Req 11 Compute the days' sales in inventory. (5) Days' Sales in Inventory. 1 Choose Denominator: x Days Choose Numerator: = Days' Sales in Inventory Days' sales in inventory days 2018: Total assets $ 140,100 Retained earnings 249,95 Total liabilities and equity $249,950 Required: Compute the following: (1) current ratio, (2) acid-test ratio, (3) days' sales uncollected, (4) inventory turnover, (5) days' sales in inventory (6) debt-to-equity ratio (7) times interest earned, (8) profit margin ratio (9) total asset turnover (10) return on total assets, and (1) return on common stockholders' equity (Do not round intermediate calculations.) Complete this question by entering your answers in the tabs below. Req 1 and 2 Req3 Reg4 Req5 Req6 Rag 7 Regg Reg 9 Req 10 Reg 11 Compute the times interest earned. m Times Interest Earned Choose Numerator: T Choose Denominator: - Times Interest Eamed Times Interested 2018: 9 - 6 7952547_466280.jpg 67453908 491803.jpg A B A 67801310_249567...jpg 60326740 412200..9 Search o w 87,800 Prepaid expenses Plant assets, net Total assets 3,100 Cowon stock 145,300 Retained earnings $ 249,950 Total liabilities and equity $249,95e Required: Compute the following: (0 current ratio. (2) acid-test ratio. (3) days' sales uncollected, (4inventory turnover (5) days sales in inventory (6) debt-to-equity ratio. (7) times interest earned, (8) profit margin ratio. (9) total asset turnover (10) return on total assets, and (11) return on common stockholders' equity (Do not round intermediate calculations.) Complete this question by entering your answers in the tabs below. Req 1 and 2 Req3 Reg 4 Reg 5 Reg 6 Reg 7 Req8 Reg 9 Reg 10 Reg 11 Compute the return on total assets. (10) Choose Numerator: Return on Total Assets Choose Denominator - - Return on Total Assets Return on total assets 2018:
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