Canadian Bacon Inc. financial statements are presented in the table below.
Based on the information in the table, calculate the firm’s inventory turnover ratio.
Round the answers to two decimal places Balance Sheet December 31, 2011
Cash and marketable
securities $143,000 Accounts payable $278,000 Accounts receivable $354,000 Notes payable $87,000 Inventories $672,000 Accrued expenses $65,000 Prepaid expenses $12,500 Total current liabilities $430,000 Total current assets $1,181,500 Long-term debt Gross fixed assets $1,675,000 Par value and paid-in$228,000
capital Less: accumulated
depreciation $500,000 Retained Earnings $1,414,500 Net fixed assets $1,175,000 Common Equity 1,642,500 Total assets $2,356,500 Total liabilities and
owner’s equity $2,356,500 Income Statement Year of 2011
Net sales (all credit) $3,136,600.00 Less: Cost of goods sold $2,195,620.00 Selling and administrative
expenses $345,000.00 Depreciation expense $146,000.00 EBIT $449,980.00 Interest expense
Earnings before taxes $45,300.00
$404,680.00 $284,000 Income taxes $161,872.00 Net income $242,808.00 Answer: Accounts Receivable Turnover ratio
0 / 1 point stion 2 Canadian Bacon Inc. financial statements are presented in the table below.
Based on the information in the table, calculate the firm’s accounts receivable turnover ratio.
Round the answers to two decimal places Balance Sheet December 31, 2011
Cash and marketable
securities $143,000 Accounts payable $278,000 Accounts receivable $354,000 Notes payable $87,000 Inventories $672,000 Accrued expenses $65,000 Prepaid expenses $12,500 Total current liabilities $430,000 Total current assets $1,181,500 Long-term debt Gross fixed assets $1,675,000 Par value and paid-in$228,000
capital Less: accumulated
depreciation $500,000 Retained Earnings $1,414,500 Net fixed assets $1,175,000 Common Equity 1,642,500 Total assets $2,356,500 Total liabilities and
owner’s equity $2,356,500 Income Statement Year of 2011
Net sales (all credit) $3,136,600.00 Less: Cost of goods sold $2,195,620.00 Selling and administrative
expenses $345,000.00 Depreciation expense $146,000.00 $284,000 EBIT $449,980.00 Interest expense $45,300.00 Earnings before taxes $404,680.00 Income taxes $161,872.00 Net income $242,808.00 Answer: Total Assets Turnover Ratio
0 / 1 point stion 3 Canadian Bacon Inc. financial statements are presented in the table below.
Based on the information in the table, calculate the firm’s total assets turnover ratio.
Round the answers to two decimal places Balance Sheet December 31, 2011
Cash and marketable
securities $143,000 Accounts payable $278,000 Accounts receivable $354,000 Notes payable $87,000 Inventories $672,000 Accrued expenses $65,000 Prepaid expenses $12,500 Total current liabilities $430,000 Total current assets $1,181,500 Long-term debt Gross fixed assets $1,675,000 Par value and paid-in$228,000
capital Less: accumulated
depreciation $500,000 Retained Earnings $1,414,500 Net fixed assets $1,175,000 Common Equity 1,642,500 Total assets $2,356,500 Total liabilities and
owner’s equity $2,356,500 Income Statement Year of 2011
Net sales (all credit) $3,136,600.00 $284,000 Less: Cost of goods sold $2,195,620.00 Selling and administrative
expenses $345,000.00 Depreciation expense $146,000.00 EBIT $449,980.00 Interest expense $45,300.00 Earnings before taxes $404,680.00 Income taxes $161,872.00 Net income $242,808.00 Answer: Fixed Assets Turnover Ratio
0 / 1 point stion 4 Canadian Bacon Inc. financial statements are presented in the table below.
Based on the information in the table, calculate the firm’s fixed asset turnover ratio.
Round the answers to two decimal places Balance Sheet December 31, 2014 Cash and marketable
securities $132,000 Accounts payable $399,000 Accounts receivable $311,000 Notes payable $98,500 Inventories $512,000 Accrued expenses $89,300 Prepaid expenses $11,300 Total current liabilities $586,800 Total current assets $966,300 Long-term debt Gross fixed assets $2,104,000 Par value and paid-in$298,000
capital Less: accumulated
depreciation $398,000 Retained Earnings $988,100 Net fixed assets $1,706,000 Common Equity 1,286,100 $799,400 Total assets $2,672,300 Total liabilities and
owner’s equity $2,672,300 Income Statement, Year of 2014
Net sales (all credit) $4,276,600.00 Less: Cost of goods sold $3,292,982.00 Selling and administrative
expenses $349,000.00 Depreciation expense $148,000.00 EBIT $486,618.00 Interest expense $49,600.00 Earnings before taxes $437,018.00 Income taxes $174,807.20 Net income $262,210.80 Answer: Total Debt-to-Assets Ratio (Debt ratio)
0 / 1 point stion 5 Canadian Bacon Inc. financial statements are presented in the table below.
Based on the information in the table, calculate the firm’s total debt-to-assets ratio ratio (also
called Debt ratio).
Round the answers to two decimal places in percentage form. (Write the percentage sign in the
"units" box). Balance Sheet December 31, 2015
Cash and marketable
securities $187,000 Accounts payable $217,000 Accounts receivable $498,000 Notes payable $51,500 Inventories $799,000 Accrued expenses $58,300 stion 6 Prepaid expenses $19,300 Total current liabilities $326,800 Total current assets $1,503,300 Long-term debt Gross fixed assets $1,978,000 Par value and paid-in$128,000
capital Less: accumulated
depreciation $478,000 Retained Earnings $2,333,100 Net fixed assets $1,500,000 Common Equity 2,461,100 Total assets $3,003,300 Total liabilities and
owner’s equity $3,003,300 $215,400 Income Statement, Year of 2015
Net sales (all credit) $5,386,600.00 Less: Cost of goods sold $3,716,754.00 Selling and administrative
expenses $329,000.00 Depreciation expense $138,000.00 EBIT
Interest expense
Earnings before taxes $1,202,846.00
$39,600.00
$1,163,246.00 Income taxes $465,298.40 Net income $697,947.60 Answer: Total Debt-to-Equity
Ratio
0 / 1 point
Canadian Bacon Inc. financial statements are presented in the table below.
Based on the information in the table, calculate the firm’s total debt-to-equity ratio.
Round the answers to two decimal places in percentage form. (Write the percentage sign in the
"units" box). stion 7 Balance Sheet December 31, 2011
Cash and marketable
securities $143,000 Accounts payable $278,000 Accounts receivable $354,000 Notes payable $87,000 Inventories $672,000 Accrued expenses $65,000 Prepaid expenses $12,500 Total current liabilities $430,000 Total current assets $1,181,500 Long-term debt Gross fixed assets $1,675,000 Par value and paid-in$228,000
capital Less: accumulated
depreciation $500,000 Retained Earnings $1,414,500 Net fixed assets $1,175,000 Common Equity 1,642,500 Total assets $2,356,500 Total liabilities and
owner’s equity $2,356,500 $284,000 Income Statement Year of 2011
Net sales (all credit) $3,136,600.00 Less: Cost of goods sold $2,195,620.00 Selling and administrative
expenses $345,000.00 Depreciation expense $146,000.00 EBIT $449,980.00 Interest expense $45,300.00 Earnings before taxes $404,680.00 Income taxes $161,872.00 Net income $242,808.00 Answer: Interest Coverage ratio (Times Interest
Earned)
0 / 1 point
American Bacon Inc. financial statements are presented in the table below. Based on the information in the table, calculate the firm’s Interest Coverage ratio (also called
Times Interest Earned).
Round the answers to two decimal places. Balance Sheet December 31, 2010
Cash and marketable
securities $102,000 Accounts payable $287,000 Accounts receivable $299,000 Notes payable $61,200 Inventories $628,000 Accrued expenses $51,900 Prepaid expenses $10,300 Total current liabilities $400,100 Total current assets $1,039,300 Long-term debt Gross fixed assets $1,502,000 Par value and paid-in$376,000
capital Less: accumulated
depreciation $312,000 Retained Earnings $1,038,200 Net fixed assets $1,190,000 Common Equity 1,414,200 Total assets $2,229,300 Total liabilities and
owner’s equity $2,229,300 Income statement, Year of 2010
Net sales (all credit) $6,387,700.00 Less: Cost of goods sold $4,726,898.00 Selling and administrative
expenses $345,000.00 Depreciation expense $148,000.00 EBIT
Interest expense
Earnings before taxes
Income taxes $1,167,802.00
$50,600.00
$1,117,202.00
$446,880.80 $415,000 Net income $670,321.20

 

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