Homework Answers
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| 1. Current Ratio | Current Assets/Current Liabilities | 99450/23500 | 4.23 | |
| Current Assets | 252750-153300 | $ 99,450 | ||
| Current Liabilities | 16500+3600+3400 | $ 23,500 | ||
| 2. Acid Test Ratio | Quick Assets/Current Liabilities | 62200/23500 | 2.65 | |
| Quick Assets | 99450-34150-3100 | $ 62,200 | ||
| Current Assets-Inventory-Prepaid | ||||
| Current Liabilities | 16500+3600+3400 | $ 23,500 | ||
| 3. Days Sales Uncollected | Current Receivable/Net Sales | (31600+4000)/454600*365 | 28.58 | Days |
| 4. Inventory Turnover | (Cost of Goods Sold/Average Inventory) | 298450/42525 | 7.02 | |
| Average inventory | (34150+50900)/2 | $ 42,525 | ||
| 5. No of Days sales in Inventory | Inventory/COGS*365 | 35150/298450*365 | 42.99 | Days |
| 6. Debt to Equity Ratio | Total Liability/Totao Equity | 94900/157850 | 0.60 | |
| 7. Times Interest Earned | EBIT/Interest Expense | 56750/4100 | 13.84 | |
| Gross Profit-Operating Expense=EBIT | 156150-99400 | $ 56,750 | ||
| 8. Profit Margin ratio | Net Income/Net Sales | 31321/454600 | 6.89% | |
| 9. Total Asset Turnover | Net Sales/Average Total assets | 454600/226075 | 2.01 | |
| Average total Assets | (252750+199400)/2 | $ 226,075 | ||
| 10. Return on Total Assets | Net Income/Average total Assets | 31321/226075 | 13.85% | |
| 11. Return on Common Stockholder Equity | (Net Income-Preferred Dividends)/Average Common Equity | 31121/142190 | 21.89% | |
| Average Common Stockholder Equity | (157850+126529)/2 | $ 142,190 | ||
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Problem 13-4A Calculation of financial statement ratios LO P3 Selected year-end financial statements of Cabot Corporation...
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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, 2016, were inventory, $53,900; total assets, $259,400; common stock, $83,000; and retained earnings, $57,668.) CABOT CORPORATION Income Statement For Year Ended December 31, 2017 Sales Cost of goods sold Gross profit Operating expenses Interest expense Income before taxes Income taxes Net income $ 456,600 297,950 158,650 98,600 4,400 55,650 22,418 $...
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