Homework Answers
Answer:
Requirements-1
gross margin with service revenue
Gross margin = Total revenue- cost of good sold
=47826-13328= 34498
Gross margin ratio = 34498/47826*100= 72.13%.
gross margin without service revenue
Gross margin = net (good) sale - cost of good sold
= 18780-13328= 5452.
Gross margin ratio= 5452/18780*100= 29.03%
Profit margin ratio= 18810/47826*100=39.33%
Requirements-2
Current ratio = current assets/current liabilities
=97968/900= 108:85
Acid test ratio= quick assets/current liabilities
= 89984/900= 99:98
Requirements-3
Debt ratio= current liabilities/total assets
= 900/119104= 0.76%
Equity ratio= total equity/total assets
= 118204/119104=99.24%
Requirements-4
Percentage of Current assets are 82.25% of total assets (97968/119104)
Percentage of Long term assets are of (total assets less current assets)/total assets
= (119104-97968)/119104
=21136/119104=17.75%
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[Need help with the incomplete numbers questind the ones with
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Selected current year-end financial statements of Cabot Corporation
follow. (All sales were on credit, selected balance sheet amounts
at December 31 of the prior year were inventory \$55,900 ; total
assets, \$189.400 common stock, $89,000; and retained earnings
$38,032.)
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[Need help with the incomplete numbers questind the ones with
the red X]
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