All sales were on credit selected balance sheet amounts

Assignment Help Financial Management

Reference no: EM13928863

Selected yearend financial statements of Cabot Corporation follow, all sales were on credit selected balance sheet amounts at December 31, 2012 were inventory; $52,900; total assets; 229,00; common stock 105,000 and retains earning 52, 548. Cabot Corporation Income Statement For Year Ended December 31, 2013. Sales 452,600 Coat of goods sold 296,950; Gross profit 155.650; Operating expenses 99,000; Interest expenses 3800: Income before taxes 52,850; Income taxes 21290: Net income 31,500. Cabot Corporation Balance Sheet December 31, 2013. Assets Cash 14,000; Short term 9600;Accounts receivable, net 31600; Notes receivable trade 3000; Merchandise inventory 36150; Prepaid expenses 2850; Plant assets net 153,300; Total assets 250,500; Liabilitites and Equity Accounts payable 23500; Accrued wages payable 4000; Income taxes payable 3100; Long term note payable secured by mortgage on plant assets 68400; Common Stock 105000; Retained earnings 46500; Total liabilties and equity 250,500 * These are short term notes receivable arising from customer trade sales. Required Compute the following; 1 current ratio 2. acid test ratio 3. days sales uncollected 4. Inventory turnover 5. days sales in inventory 6. debit to equity ratio 7. time interest earned 8. profit margin ratio 9. total asset turnover 10. return on total assets 11. return on common stockholders’ equity. use 365 days a year. do not round in yermediate calculation

Reference no: EM13928863

Questions Cloud

Under the ifrs revaluation model : Under the IFRS revaluation model, what amount would be reported on the company's 2013 and 2014 balance sheets for the land and for the building? Show any necessary computations.

Venture that has the following risk-return profile : Suppose you are very favourably considering a venture that has the following risk-return profile. Probability Return 1/3 -10 1/3 0 1/3 +13 since the expected return = 1.0, you give it a thumbs up. But the venture capitalist who will fund the venture ..

The focus of atmospheric pollution on climate : With much of the focus of atmospheric pollution on climate-changing gases such as carbon dioxide (CO2), there can be a tendency to downplay the risk posed by other pollutants. One such pollutant is sulfur dioxide, the chemical involved in acid rain

Propose a new system for riordan : Propose a new system for Riordan to use to improve its business (this is a 'made up' business that can be anything. Develop a Microsoft® PowerPoint® slide presentation of the project, due in Week 9. The presentation must include the following:

All sales were on credit selected balance sheet amounts : Selected yearend financial statements of Cabot Corporation follow, all sales were on credit selected balance sheet amounts at December 31, 2012 were inventory; $52,900; total assets; 229,00; common stock 105,000 and retains earning 52, 548.

What are the major limitations on the growth of e-commerce : What are the major limitations on the growth of e-commerce? Which is potentially the toughest to overcome? Her, the student Carla's response or answer (post) to that question is below.

Determine effective annual percentage interest rate on cd : First State Bank offers a certificate of deposit that pays a 4.75 percent annual rate compounded monthly. Determine the effective annual percentage interest rate on this CD.

Will that be all the revenue received that month : Suppose that a health care organization had revenues of $300,000 for March and that the payer mix is as follows: PAYER PERCENT OF PATIENTS PAYMENT LAG Medicare 40 3 months Medicaid 20 3 months Blue Cross 15 2 months Other insurer 15 1 month Self-pay ..

Companies defraud the public : Discuss in general the ethical issues when employees are tempted to defraud their employer or when companies defraud the public.

User Account

All Pages