Please help! I'm a visual learner and I'm having a hard time understanding these concepts. Detailed explanations on how to do these problems will be much appreciated. Thank you!

Canadian Bacon Inc. financial statements are presented in the table below.

Based on the information in the table, calculate the firms current ratio.

Round the answers to two decimal places

Balance Sheet December 31, 2013

Cash and marketable securities

$112,000

Accounts payable

$211,000

Accounts receivable

$325,000

Notes payable

$51,500

Inventories

$426,000

Accrued expenses

$50,100

Prepaid expenses

$10,700

Total current liabilities

$312,600

Total current assets

$873,700

Long-term debt

$225,000

Gross fixed assets

$1,514,000

Par value and paid-in-capital

$117,000

Less: accumulated depreciation

$315,000

Retained Earnings

$1,418,100

Net fixed assets

$1,199,000

Common Equity

1,535,100

Total assets

$2,072,700

Total liabilities and owners equity

$2,072,700

Income Statement, Year of 2013

Net sales (all credit)

$3,256,600.00

Less: Cost of goods sold

$2,572,714.00

Selling and administrative expenses

$323,000.00

Depreciation expense

$115,000.00

EBIT

$245,886.00

Interest expense

$29,600.00

Earnings before taxes

$216,286.00

Income taxes

$86,514.40

Net income

$129,771.60

Answer:

Acid-test ratio (Quick ratio)

Question 2

0 / 1 point

Canadian Bacon Inc. financial statements are presented in the table below.

Based on the information in the table, calculate the firmsacid-test ratio (quick ratio).

Round the answers to two decimal places

Balance Sheet December 31, 2015

Cash and marketable securities

$187,000

Accounts payable

$217,000

Accounts receivable

$498,000

Notes payable

$51,500

Inventories

$799,000

Accrued expenses

$58,300

Prepaid expenses

$19,300

Total current liabilities

$326,800

Total current assets

$1,503,300

Long-term debt

$215,400

Gross fixed assets

$1,978,000

Par value and paid-in-capital

$128,000

Less: accumulated depreciation

$478,000

Retained Earnings

$2,333,100

Net fixed assets

$1,500,000

Common Equity

2,461,100

Total assets

$3,003,300

Total liabilities and owners equity

$3,003,300

Income Statement, Year of 2015

Net sales (all credit)

$5,386,600.00

Less: Cost of goods sold

$3,716,754.00

Selling and administrative expenses

$329,000.00

Depreciation expense

$138,000.00

EBIT

$1,202,846.00

Interest expense

$39,600.00

Earnings before taxes

$1,163,246.00

Income taxes

$465,298.40

Net income

$697,947.60

Answer:

Net-Working Capitalto-Sales Ratio.

Question 3

0 / 1 point

Canadian Bacon Inc. financial statements are presented in the table below.

Based on the information in the table, caluclate the firmsthe net-working capital to-salesratio.

Round the answers to two decimal places in percentage form.(Write the percentage sign in the "units" box).

Balance Sheet December 31, 2015

Cash and marketable securities

$187,000

Accounts payable

$217,000

Accounts receivable

$498,000

Notes payable

$51,500

Inventories

$799,000

Accrued expenses

$58,300

Prepaid expenses

$19,300

Total current liabilities

$326,800

Total current assets

$1,503,300

Long-term debt

$215,400

Gross fixed assets

$1,978,000

Par value and paid-in-capital

$128,000

Less: accumulated depreciation

$478,000

Retained Earnings

$2,333,100

Net fixed assets

$1,500,000

Common Equity

2,461,100

Total assets

$3,003,300

Total liabilities and owners equity

$3,003,300

Income Statement, Year of 2015

Net sales (all credit)

$5,386,600.00

Less: Cost of goods sold

$3,716,754.00

Selling and administrative expenses

$329,000.00

Depreciation expense

$138,000.00

EBIT

$1,202,846.00

Interest expense

$39,600.00

Earnings before taxes

$1,163,246.00

Income taxes

$465,298.40

Net income

$697,947.60

Answer:

Gross Profit Margin

Question 4

0 / 1 point

Canadian Bacon Inc. financial statements are presented in the table below.

Based on the information in the table, calculate the firmsgross profit margin.

Round the answers to two decimal places in percentage form.(Write the percentage sign in the "units" box).

Balance Sheet December 31, 2011

Cash and marketable securities

$143,000

Accounts payable

$278,000

Accounts receivable

$354,000

Notes payable

$87,000

Inventories

$672,000

Accrued expenses

$65,000

Prepaid expenses

$12,500

Total current liabilities

$430,000

Total current assets

$1,181,500

Long-term debt

$284,000

Gross fixed assets

$1,675,000

Par value and paid-in-capital

$228,000

Less: accumulated depreciation

$500,000

Retained Earnings

$1,414,500

Net fixed assets

$1,175,000

Common Equity

1,642,500

Total assets

$2,356,500

Total liabilities and owners equity

$2,356,500

Income Statement Year of 2011

Net sales (all credit)

$3,136,600.00

Less: Cost of goods sold

$2,195,620.00

Selling and administrative expenses

$345,000.00

Depreciation expense

$146,000.00

EBIT

$449,980.00

Interest expense

$45,300.00

Earnings before taxes

$404,680.00

Income taxes

$161,872.00

Net income

$242,808.00

Answer:

Operating Profit Margin

Question 5

0 / 1 point

Canadian Bacon Inc. financial statements are presented in the table below.

Based on the information in the table, calculate the firmsthe operating profit margin.

Round the answers to two decimal places in percentage form.(Write the percentage sign in the "units" box).

Balance Sheet December 31, 2010

Cash and marketable securities

$102,000

Accounts payable

$287,000

Accounts receivable

$299,000

Notes payable

$61,200

Inventories

$628,000

Accrued expenses

$51,900

Prepaid expenses

$10,300

Total current liabilities

$400,100

Total current assets

$1,039,300

Long-term debt

$415,000

Gross fixed assets

$1,502,000

Par value and paid-in-capital

$376,000

Less: accumulated depreciation

$312,000

Retained Earnings

$1,038,200

Net fixed assets

$1,190,000

Common Equity

1,414,200

Total assets

$2,229,300

Total liabilities and owners equity

$2,229,300

Income statement, Year of 2010

Net sales (all credit)

$6,387,700.00

Less: Cost of goods sold

$4,726,898.00

Selling and administrative expenses

$345,000.00

Depreciation expense

$148,000.00

EBIT

$1,167,802.00

Interest expense

$50,600.00

Earnings before taxes

$1,117,202.00

Income taxes

$446,880.80

Net income

$670,321.20

Answer:

Net Profit Margin

Question 6

0 / 1 point

Canadian Bacon Inc. financial statements are presented in the table below.

Based on the information in the table, calculate the firmsnet profit margin.

Round the answers to two decimal places in percentage form.(Write the percentage sign in the "units" box).

Balance Sheet December 31, 2014

Cash and marketable securities

$132,000

Accounts payable

$399,000

Accounts receivable

$311,000

Notes payable

$98,500

Inventories

$512,000

Accrued expenses

$89,300

Prepaid expenses

$11,300

Total current liabilities

$586,800

Total current assets

$966,300

Long-term debt

$799,400

Gross fixed assets

$2,104,000

Par value and paid-in-capital

$298,000

Less: accumulated depreciation

$398,000

Retained Earnings

$988,100

Net fixed assets

$1,706,000

Common Equity

1,286,100

Total assets

$2,672,300

Total liabilities and owners equity

$2,672,300

Income Statement, Year of 2014

Net sales (all credit)

$4,276,600.00

Less: Cost of goods sold

$3,292,982.00

Selling and administrative expenses

$349,000.00

Depreciation expense

$148,000.00

EBIT

$486,618.00

Interest expense

$49,600.00

Earnings before taxes

$437,018.00

Income taxes

$174,807.20

Net income

$262,210.80

Answer: