Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Problem 13.4A (Algo) Calculating financial statement ratios LO P3 Selected current year end financial statements of Cabot Corporation follow. (All sales were on crediti selected

image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
Problem 13.4A (Algo) Calculating financial statement ratios LO P3 Selected current year end financial statements of Cabot Corporation follow. (All sales were on crediti selected balance sheet amounts at December 31 of the prior year were inventory. $56,900; total assets, $189,400; common stock, $81,000, and retalned eamlings. $46,320, Required: Compute the following: (1) current ratio, (2) acid-test ratio, (3) days' sales uncollected, (4) inventory turnover. (5) days' sates 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 (it) return on equity. (Do not round intermedlate calculations.) Complete this question by entering your answers in the tabs below. Compute the current ratio and acid-test ratio. Required: Compute the following: (1) current ratio. (2) acid-test ratio, (3) days' sates uncollected, (4) inventory turnover, (5) days' sales in invertory. (6) debt-to-equity ratio, (7) times interest eamed; (8) profit margin ratio, (9) total asset tumover, (10) return on total assets, and (11) return on equity. (Do not round intermediate colculations.) Complete this question by entering your answers in the tabs below. Compute the days' sales uncollected. Required: Compute the following: (7) current ratio, (2) acid-test ratio, (3) days' sales uncollecled, (4) inventory turnover, (5) days' sales in inventory, (6) debt-to-equity ratio, (7) times interest eamed, (8) profit margin ratio, (9) total asset furnover, (10) return on total assets, and (1t) refurn on equity. (Do not round intermediate calculations.) Complete this question by entering your answers in the tabs below. Compute the inventory tumover. 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-equily ratio, (7) times interest earned, (8) profit margin ratio, (9) total asset turnover, (10) return on total assets, and (1) return on equity. (Do not round intermediate calculations.) Complete this question by entering your answers in the tabs below. Compute the days' sales in inventory. 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) refuin on equity. (Do not round intermediate calculations.) Complete this question by entering your answers in the tabs below. Compute the debt-to-equity ratio. Required: Compute the following: (1) current ratio, (2) acid-test ratio, (3) days' sales uncollected, (4) liventory turnover, (5) days' sales in inventory, (6) debt-to-equity ratio, (7) times interest earned, (8) profit margin ratio, (9) tolal asset turnover, (10) return on total assets: and (1) return on equity. (Do not round intermediate calculations.) Complete this question by entering your answers in the tabs below. Compute the times interest earned. Compute the following: (1) current ratio, (2) acid-test ratio, (3) days' sales uncollected, (4) inventory tumover, (5) dayy'' sales in inventory. 6) debt-to-equity ratio. (7) times interest eamed, (8) profit margin ratio, (9) total asset turnover, (10) return on total assets, and (11) return equity. (Do not round intermediate calculations.) Complete this question by entering your answers in the tabs below. Compute the profit margin ratio. 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) retum on total assets, and (11) return on equity. (Do not round intermediate calculations.) Complete this question by entering your answers in the tabs below. Compute the total asset tumover. 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 tumover, (10) return on total assets, and (11) retum on equity. (Do not round intermediote calculations.) Complete this question by entering your answers in the tabs below. Compute the return on total assets. 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) retum on total assets; and (9) return on equity. (Do not round intermediote calculations.) Complete this question by entering your answers in the tabs below. Compute the return on equity

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Nuclear Auditing Handbook A Guide For Quality Systems Practitioners

Authors: Charles Moseley, Norman Moreau, Karen Douglas

1st Edition

1636940072, 978-1636940076

More Books

Students also viewed these Accounting questions

Question

1. Are my sources credible?

Answered: 1 week ago

Question

3. Are my sources accurate?

Answered: 1 week ago