Homework Answers
| 1) | Current ratio | |||||||||||
| Choose Numerator | / | Choose Denominator | = | Current ratio | ||||||||
| Current assets | / | Current liabilities | = | Current ratio | ||||||||
| year | 98100 | / | 23300 | = | 4.2 | |||||||
| 2) | Quick Assets | |||||||||||
| Choose Numerator | / | Choose Denominator | = | Acid test ratio | ||||||||
| Quick assets | / | Current liabilities | = | Current ratio | ||||||||
| year | 95150 | / | 23300 | = | 4.1 | |||||||
| 3) | Days sale uncollected | |||||||||||
| Choose Numerator | / | Choose Denominator | * | Days | = | Days sale uncollected | ||||||
| Current receivables | / | Net sales | * | 365 | = | Days sale uncollected | ||||||
| year | 30600 | / | 452600 | * | 365 | = | 24.7 | Days | ||||
| 4) | Inventory turnover | |||||||||||
| Choose Numerator | / | Choose Denominator | = | Inventory turnover | ||||||||
| Cost of goods sold | / | Average inventory | = | inventory turnover | ||||||||
| year | 297450 | / | 46525 | = | 6.4 | times | ||||||
| 5) | Days sale in inventory | |||||||||||
| Choose Numerator | / | Choose Denominator | * | Days | = | Days sale in inventory | ||||||
| Merchandise inventory | / | Cost of goods sold | * | 365 | = | Days sale in inventory | ||||||
| year | 38150 | / | 297450 | * | 365 | = | 46.8 | Days | ||||
| 6) | Debt Equity ratio | |||||||||||
| Choose Numerator | / | Choose Denominator | = | Debt equity ratio | ||||||||
| Total liabilities | / | total Equity | = | Debt equity ratio | ||||||||
| year | 112300 | / | 155700 | = | 0.7 | to 1 | ||||||
| 7) | Times interest earned | |||||||||||
| Choose Numerator | / | Choose Denominator | = | Times interest earned | ||||||||
| income before tax | + | interest expense | / | interest expense | = | Times interest earned | ||||||
| year | 53250 | + | 4,100 | / | 4,100 | = | 14.0 | times | ||||
| 8) | Profit margin | |||||||||||
| Choose Numerator | / | Choose Denominator | = | profit margin ratio | ||||||||
| net income | / | net sales | = | profit margin ratio | ||||||||
| year | 31261 | / | 452600 | = | 6.9% | |||||||
| 9) | Total Asset Turnover | |||||||||||
| Choose Numerator | / | Choose Denominator | = | total Assets turnover | ||||||||
| Net Sales | / | Average total assets | = | total Assets turnover | ||||||||
| year | 452600 | / | 238400 | = | 1.9 | Times | ||||||
| 10) | Return on Total assets | |||||||||||
| Choose Numerator | / | Choose Denominator | = | Return on total assets | ||||||||
| Net income | / | Average total assets | = | Return on total assets | ||||||||
| year | 31261 | / | 238400 | = | 13.1% | % | ||||||
| 11) | Return on Common stockholders Equity | |||||||||||
| Choose Numerator | / | Choose Denominator | = | Return on CS Equity | ||||||||
| net income | - | preferred dividends | / | Average common stockholders Equity | = | Return on CS Equity | ||||||
| year | 31261 | - | / | 140,070 | = | 22.3% | % | |||||
Add Answer to:
Selected current year-end financial statements of Cabot Corporation follow. (All sales were on credit; selected balance...
Selected year-end financial statements of Cabot Corporation follow. (All sales were on credit; selected balance sheet...
Selected year-end financial statements of Cabot Corporation follow. (All sales were on credit; selected balance sheet amounts at December 31, 2016, were inventory, $54,900; total assets, $199,400; common stock, $84,000; and retained earnings, $38,561.) CABOT CORPORATION Income Statement For Year Ended December 31, 2017 Sales $454,600 Cost of goods sold 298,050 Gross profit 156,550 Operating expenses 98,600 Interest expense 4,800 Income before taxes 53,150 Income taxes 21,411 Net income $31,739 CABOT CORPORATION Balance Sheet December 31, 2017 Assets Liabilities and...
Selected current year-end financial statements of Cabot Corporation follow. (All sales were on credit; selected balance...
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, $54,900; total assets, $259,400; common stock, $81,000; and retained earnings, $34,712.) CABOT CORPORATION Income Statement For Current Year Ended December 31 Sales $ 454,600 Cost of goods sold 297,850 Gross profit 156, 750 Operating expenses 99,100 Interest expense 4,000 Income before taxes 53,650 Income tax expense 21,612 Net income 32,038 $ Assets Cash...
Selected year end financial Statements of Cabot Corporation follow. (All sales were on credit, selected balance...
Selected year end financial Statements of Cabot Corporation follow. (All sales were on credit, selected balance sheet amounts at December 31, 2016 were inventory. S47.900; total assets, $259.400: common stock. $89.000, and retained earnings $34455 CABOT CORPORATION Income Statement To Year Ended December 31, 2017 Sales $ 454,600 cost of goods sold 297,950 Gross profit 156,65e Operating expenses 98,700 Interest expense 4.700 Income before taxes 53,250 Income taxes 21,451 Net income 31,799 5 $ CABOT CORPORATION Balance Sheet December 31,...
Selected current year-end financial statements of Cabot Corporation follow. (All sales were on credit; selected balance...
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,
$46,900; total assets, $219,400; common stock, $81,000; and
retained earnings, $38,566.)
CABOT CORPORATION
Income Statement
For Current Year Ended December 31
Sales
$
450,600
Cost of goods sold
298,450
Gross profit
152,150
Operating expenses
99,500
Interest expense
4,700
Income before taxes
47,950
Income tax expense
19,316
Net income
$
28,634
CABOT CORPORATION
Balance...
Selected year end financial statements of Cabot Corporation follow. (All sales were on credit, selected balance...
Selected year end financial statements of Cabot Corporation follow. (All sales were on credit, selected balance sheet amounts at December 31, 2016, were inventory. $47,900: total assets, $259,400, common stock, $89,000, and retained earnings. $34,451) CABOT CORPORATION Income Statement For Year Ended December 31, 2017 Sales $ 454,600 Cost of goods sold 297,950 Gross profit 156,650 Operating expenses 98,700 Interest expense 4,700 Income before taxes 53,250 Income taxes 21,451 llet income $ 31,799 Assets Cash Short-term investments Accounts receivable, net...
Selected year-end financial statements of Cabot Corporation follow. (All sales were on credit; selected balance sheet...
Selected year-end financial statements of Cabot Corporation follow. (All sales were on credit; selected balance sheet amounts at December 31, 2016, were inventory, $46,900; total assets, $229,400; common stock, $86,000; and retained earnings, $36,336.) CABOT CORPORATION Income Statement For Year Ended December 31, 2017 Sales $449,600 Cost of goods sold 298,450 Gross profit 151,150 Operating expenses 98,500 Interest expense 4,900 Income before taxes 47,750 Income taxes 19,236 Net income $28,514 CABOT CORPORATION Balance Sheet December 31, 2017 Assets Liabilities and...
Selected current year-end financial statements of Cabot Corporation follow. (All sales were on credit; selected balance...
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, $53,900; total assets, $209,400; common stock, $86,000; and retained earnings, $28,689.) CABOT CORPORATION Income Statement For Current Year Ended December 31 Sales $ 456,600 Cost of goods sold 297,450 Gross profit 159,150 Operating expenses 98,800 Interest expense 4,400 Income before taxes 55,950 Income tax expense 22,539 Net income $ 33,411 CABOT CORPORATION Balance...
Selected current year-end financial statements of Cabot Corporation follow. (All sales were on credit; selected balance...
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, $48,900; total assets, $199,400; common stock, $86,000; and retained earnings, $39,947.) CABOT CORPORATION Income Statement For Current Year Ended December 31 Sales $ 449,600 Cost of goods sold 298,050 Gross profit 151,550 Operating expenses 98,900 Interest expense 4,500 Income before taxes 48,150 Income tax expense 19,397 Net income $ 28,753 Assets Cash Short-term...
Help Selected year-end financial statements of Cabot Corporation follow. (All sales were on credit: selected balance...
Help Selected year-end financial statements of Cabot Corporation follow. (All sales were on credit: selected balance sheet amounts at December 31, 2016, were inventory. $54,900; total assets, $179,400, common stock, $89,000, and retained earnings. $43,032) CABOT CORPORATION Income Statement For Year Ended December 31, 2017 Sales $ 454,600 Cost of goods sold 297.350 Gross profit 157,250 Operating expenses 99,200 Interest expense 4,600 Income before taxes 53,450 Income taxes 21,532 Net income $ 31,918 $ CABOT CORPORATION Balance Sheet December 31,...
Selected year-end financial statements of Cabot Corporation follow. (All sales were on credit; selected balance sheet...
Selected year-end financial statements of Cabot Corporation follow. (All sales were on credit; selected balance sheet amounts at December 31, 2016, were inventory, $51,900; total assets, $199,400; common stock, $89,000; and retained earnings, $29,269.) CABOT CORPORATION Income Statement For Year Ended December 31, 2017 Sales $ 453,600 Cost of goods sold 297,250 Gross profit 156, 350 Operating expenses 99,100 Interest expense 4,700 Income before taxes 52,550 Income taxes 21,169 Net income $ 31,381 Assets Cash $ CABOT CORPORATION Balance Sheet...
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, $54,900; total assets, $259,400; common stock, $81,000; and retained earnings, $34,712.) CABOT CORPORATION Income Statement For Current Year Ended December 31 Sales $ 454,600 Cost of goods sold 297,850 Gross profit 156, 750 Operating expenses 99,100 Interest expense 4,000 Income before taxes 53,650 Income tax expense 21,612 Net income 32,038 $ Assets Cash...
Selected year end financial Statements of Cabot Corporation follow. (All sales were on credit, selected balance sheet amounts at December 31, 2016 were inventory. S47.900; total assets, $259.400: common stock. $89.000, and retained earnings $34455 CABOT CORPORATION Income Statement To Year Ended December 31, 2017 Sales $ 454,600 cost of goods sold 297,950 Gross profit 156,65e Operating expenses 98,700 Interest expense 4.700 Income before taxes 53,250 Income taxes 21,451 Net income 31,799 5 $ CABOT CORPORATION Balance Sheet December 31,...
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,
$46,900; total assets, $219,400; common stock, $81,000; and
retained earnings, $38,566.)
CABOT CORPORATION
Income Statement
For Current Year Ended December 31
Sales
$
450,600
Cost of goods sold
298,450
Gross profit
152,150
Operating expenses
99,500
Interest expense
4,700
Income before taxes
47,950
Income tax expense
19,316
Net income
$
28,634
CABOT CORPORATION
Balance...
Selected year end financial statements of Cabot Corporation follow. (All sales were on credit, selected balance sheet amounts at December 31, 2016, were inventory. $47,900: total assets, $259,400, common stock, $89,000, and retained earnings. $34,451) CABOT CORPORATION Income Statement For Year Ended December 31, 2017 Sales $ 454,600 Cost of goods sold 297,950 Gross profit 156,650 Operating expenses 98,700 Interest expense 4,700 Income before taxes 53,250 Income taxes 21,451 llet income $ 31,799 Assets Cash Short-term investments Accounts receivable, net...
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, $48,900; total assets, $199,400; common stock, $86,000; and retained earnings, $39,947.) CABOT CORPORATION Income Statement For Current Year Ended December 31 Sales $ 449,600 Cost of goods sold 298,050 Gross profit 151,550 Operating expenses 98,900 Interest expense 4,500 Income before taxes 48,150 Income tax expense 19,397 Net income $ 28,753 Assets Cash Short-term...
Help Selected year-end financial statements of Cabot Corporation follow. (All sales were on credit: selected balance sheet amounts at December 31, 2016, were inventory. $54,900; total assets, $179,400, common stock, $89,000, and retained earnings. $43,032) CABOT CORPORATION Income Statement For Year Ended December 31, 2017 Sales $ 454,600 Cost of goods sold 297.350 Gross profit 157,250 Operating expenses 99,200 Interest expense 4,600 Income before taxes 53,450 Income taxes 21,532 Net income $ 31,918 $ CABOT CORPORATION Balance Sheet December 31,...
Selected year-end financial statements of Cabot Corporation follow. (All sales were on credit; selected balance sheet amounts at December 31, 2016, were inventory, $51,900; total assets, $199,400; common stock, $89,000; and retained earnings, $29,269.) CABOT CORPORATION Income Statement For Year Ended December 31, 2017 Sales $ 453,600 Cost of goods sold 297,250 Gross profit 156, 350 Operating expenses 99,100 Interest expense 4,700 Income before taxes 52,550 Income taxes 21,169 Net income $ 31,381 Assets Cash $ CABOT CORPORATION Balance Sheet...
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