Selected 2021 financial statements of Hodge Corporation is presented below. All sales during the period were on creditSelected balance sheet amounts at December 31, 2020 were inventory $52,900; total assets. $219.400, common stock $83.000, and retained earnings. $43,835 Hodge Corporation Income Statement For Year Ended December 31, 2021 Sales $ 456,600 Cost of coods sold 297,950 Gross profit 158,650 Operating expenses 99,500 Interest expense 4700 Income before taxes 54,450 Income tax expense 21,935 Net Income 5 32,515 $ Assets Cash Short-term investments Accounts receivable, net Merchandise inventory Prepaid cowpenses Plant assets, net Total assets Hodie Corporation Balance Sheet December 31, 2021 Liabilities and Equity 5 15,000 Accounts payable 9,200 Accrued wages payable 33,200 Incone taxes payable 42,150 Long tern note payable, secured by mortgage on plant assets 2,900 Connon stock 149, wo Retained earnings $ 254,750 Total abilities and equity 19.500 2,800 1,700 59,400 33,000 76,350 $ 254,750 Required: Compute the following for Hodge Corporation: (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) return on common stockholders' equity. (Do not round intermediate calculations.) Required: Compute the following for Hodge Corporation: (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 Reg4 Reg 5 Reg 6 Req Reg 8 Reg. 9 Reg 10 Reg 11 Compute the inventory turnover. (4) Choose Numerator: Cost of goods sold Inventory Tumover 1 Choone Denominator: Average inventory Inventory Turnover Inventory fumover O times $ 297 950 ( Req3 Req6 > Required: Compute the following for Hodge Corporation (1) current ratio (2) acld-test ratio. (3) days' sales uncollected. (1) 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 Reg 5 Req6 Reg? Reg 8 Reg 9 Reg 10 Reg 11 Compute the total asset turnover. 191 Choose Numerator Net sales 5 Total Annet Turnover Choose Denominator: Average total assets Total Asset Turnover Total asset turnover Obres 456,600
