4 Problem 13-4A Calculating financial statement ratios LO P3 ya Don 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 888,000, and retained earnings. $30 470) CAT COTTON Inco Statet for Current Year Ended Deewher So 540, Cost of goods 298,150 Sport 153,450 Operating expenses 95,000 Interest expende 4.100 Encime before takes 49,49 Incota pente 19.00 et in 29.530 cash Shertore investments A receivable net herchandise entory trwald expenses Plant assetshet Total CABOT CORPORATION Balance Sheet December 1 Elabilities and guity 5 1. Muntanya 7. Meru web 11. The 40. ang term note allered by wart blant 2,50 Contact 180, 180 Retained caring $ 243.500 Total len welty 4,00 3,600 70,400 30.000 00.000 524,500 Required: Compute the following (1) current ratio, 121 citest ratio) days sales uncollected, 19 inventory tumovet (9)day sales in inventory (6) debt to equity ratio) times interest rated. (I profit margin ato total asset tumover. 110) return on totatissets, and (1) retum on common stockholders equity (Do not found intermediate calculations.) Complete this question by entering your answers in the tabs below 1 and 2 No 10 Hell Compute the tay les collected DES Uncobacted Cut day le 1 and Problem 13-4A Calculating financial statement ratios LO P3 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, $88,000, and retained earnings. $30,470) CABOT CORPORATION Incone Statement For Current Year Ended December 31 Sales $ 450,600 Cost of goods sold 298,150 Gross profit 152.450 Operating expenses 98,800 Interest expense 4200 Income before taxes 49,450 Income tax expense 19.920 Net Income $ 29,530 ces $ Assets Cash Short-term investments Accounts receivable, net Merchandise Inventory Prepaid expenses Plant assets, net Total assets CABOT CORPORATION Balance Sheet December 31 Liabilities and Equity $ 10,000 Accounts payable 9,000 Accrued wages payable 21,200 Income taxes payable 40,150 Longtere note payable, secured by mortgage on plant assets 2.050 Cormon stock 150.00 ietained earnings $ 245,500 total abilities and equity 16,500 4,000 3.500 70,400 50,000 60,00 $ 243,500 Required: Compute the following (1) current ratio, (2) acid-test ratio. (3) days' sales uncollected (4) inventory turnover. (5) days' sales in inventory (6) debt-to-equity ratio) times interest earned. (8) profit margin ratio (9) total asset turnover (10) return on total assets, and (11) retum on common stockholders' equity. (Do not round intermediate calculations) Complete this question by entering your answers in the tabs below. Req 1 and 2 Req3 Reg4 Reg 5 Rego Reg 7 Reg. Rega Reg 10 Reg 11 Compute the inventory turnover. 141 Inventory Time Choose Denominator Choose Numerator Inventory Turnover Inventory turnover mes Problem 13-4A Calculating financial statement ratios LO P3 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 $88,000, and retained earnings, $30,470) CABOT CORPORATION Income Statement For Current Year Ended December 31 Sales $ 450,600 Cost of goods sold 298,150 Gross profit 152,450 Operating expenses 98,800 Interest expense 4,200 Income before taxes 49,450 Income tax expense 19.920 Net Income 529,530 es Assets Cash Short-term investments Accounts receivable, net Merchandise inventory CABOT CORPORATION Balance Sheet December 31 Liabilities and Equity 10,000 Accounts payable 9,000 Accrued wages payable 31,200 Income taxes payable 40,150 Long-tere note payable, secured by mortgage on plant assets 2,850 Common stock 150, 300 Retained earnings $ 243,500 Total Habilities and equity 16,500 4.800 3,000 70,400 Prepaid expenses Plant assets, net Total assets 88,000 60.000 $ 243,500 Required: Compute the following (1) current ratio, (2) acid-test ratio. (3) days sales uncollected. (4) inventory turnover (5) days' sales in inventory. (6) debt-to-equity ratio. (7) times interest earned, (8) profit margin ratio (9) total asset turnover (10) return on total assets, and (11) return on common stockholders' equity. (Do not round intermediate calculations.) Complete this question by entering your answers in the tabs below. Reg) Reg 4 keqs Reg 1 and 2 Rego Reg Reg Red Reg 10 Reg 11 Compute the days' sales in inventory Days Sales In Inventory | Choose Denominator Choose Nuretator Days Days' Sales In Inventory Days sales in inventory 0 days Problem 13-4A Calculating financial statement ratios LO P3 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, $88,000, and retained earnings. $30,470) CABOT CORPORATION Income Statement For Current Year Ended December 31 Sales $ 450,00 Cost of goods sold 298,150 Gross profit 152.450 Operating expenses 98,300 Interest expense 4.200 Income before taxes 49,450 Income tax expense 19,920 Net Income $ 29,530 Assets Cash Short-term investments Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets CABOT CORPORATION Balance Sheet December 31 Liabilities and Equity 10,000 Accounts payable 9,000 Accrued wages payable 31,200 Income taxes payable 40,150 Long-tern note payable, secured by mortgage on plant assets 2,050 Common stock 150.300Retained earnings $ 243,500 Total liabilities and equity 16,500 4.800 3,00 70,400 38,000 60.000 $ 243,500 Required: Compute the following (1) current ratio, (2) acid-test ratio (3) days' sales uncollected. (4) inventory turnover (5) days sales in inventory (6) debt to equity ratio, umes interesteamed (8) profit margin ratio (9) total asset turnover (10) return on total assets, and (11) return on common stockholders' equity (Do not round intermediate calculations.) Complete this question by entering your answers in the tabs below. Red 1 and 2 Req Reg 4 Rea 5 Reg 6 Reg Regs Reg. Reg 10 Reg 11 Compute the debt-to-equity ratio. DettoEsulty Ratio Choose Denominator Choose Numerator Dobito Equity Ratio Dobt-to-equity ratio otot ( HD Regl > Problem 13-4A Calculating financial statement ratios LO P3 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, 548,900 total assets, $199.400; common stock. $88,000, and retained earnings. $30,470) CABOT CORPORATION Income Statement For Current Year Ended December 31 Sales 5450, 600 Cost of goods sold 298,159 Gross profit 152,450 Operating expenses 90,000 Interest expense 4,200 Income before taxes 49,450 Income tax expense 19.920 Net Income 5 $ Assets Cash Short-term investments Accounts receivable, net Merchandise inventory 16,500 4,300 CABOT CORPORATION Salance Sheet December 31 Liabilities and Equity 10,000 Accounts payable 9,600 Accrued wages payable 31,200 Income taxes payable 40,150 Long-term note payable, secured by mortgage on plant assets 2.850 Common stock 150,300 Retained earnings 243,500 Total liabilities and equity 3,800 70,400 Prepaid expenses Plant assets, net Total assets 08.000 60.000 $243.500 Required: Compute the following: (1) current ratio, (2) acid-test ratio, (3) days' sales uncollected. (4) inventory turnover. (5) days' sales in inventory. (6) debt-to-equity ratio (7) times interest earned. (8) profit margin ratio (9) total asset turnover (10) return on total assets, and (11) return on common stockholders' equity. (Do not round intermediate calculations.) Complete this question by entering your answers in the tabs below. Reg 1 and 2 Red Reg 4 Regs Rego Req? Red B Reg 9 Reg 10 Rad 11 Compute the profit margin ratio. Choose Numerator Prof Margin Ratio 1 Choose Denominator 1 1 Promotio Profit marginal Reg Req9) Problem 13-4A Calculating financial statement ratios LO P3 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. 5199,400, common stock 588,000 and retained earnings $30 470) CABOT CORPORATION Income Statement For Current Year Ended December 31 Sales $450,000 Cost of goods sold 200.150 Gross profit 152,450 Operating expenses 98,000 Interest expense Income before taxes 49,450 Income tax expense 19.920 Het income 29,530 Assets Cash Short-term Investments Accounts receivable. net Merchandise Inventory Prepaid expenses Plant assets, net Total assets CABOT CORPORATION balance sheet December 31 Liabilities and Equity 10,000 Accounts payable 9,000 Accrued wages payable 31,200 Inc taxes payable 40,150 Longters note payable, secured by norte o plant assets 2,50 Como tock 150,100 Retained earning $ 243,500 Total liabilities and equity 16,500 4,100 3,000 70,400 55.000 60.000 $243,00 Required: Compute the following (1) current ratio, (2) acid-test ratio (3) days' sales uncollected. (4) inventory turnover. (5) days' sales in inventory (6) debt-to-equity ratio) times interest earned. (B) profit margin ratio (9) total asset turnover (10) return on total assets and it return on common stockholders equity (Do not round intermediate calculations.) Complete this question by entering your answers in the tabs below. Rega Reg Rogo Regland 2 Reg H10 seg 11 Compute the return on total assets 110) Choose Nurte I Chose Denomination Het op Total Asset Retina ON Problem 13-4A Calculating financial statement ratios LO P3 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 $88,000, and retained earnings, $30,470) CABOT CORPORATION Income Statement For Current Year Ended December 31 Sales $ 450,600 Cost of goods sold 298,150 Gross profit 152,450 Operating expenses 98,800 Interest expense 4,200 Income before taxes 49,450 Income tax expense 19.920 Net Income 529,530 es Assets Cash Short-term investments Accounts receivable, net Merchandise inventory CABOT CORPORATION Balance Sheet December 31 Liabilities and Equity 10,000 Accounts payable 9,000 Accrued wages payable 31,200 Income taxes payable 40,150 Long-tere note payable, secured by mortgage on plant assets 2,850 Common stock 150, 300 Retained earnings $ 243,500 Total Habilities and equity 16,500 4.800 3,000 70,400 Prepaid expenses Plant assets, net Total assets 88,000 60.000 $ 243,500 Required: Compute the following (1) current ratio, (2) acid-test ratio. (3) days sales uncollected. (4) inventory turnover (5) days' sales in inventory. (6) debt-to-equity ratio. (7) times interest earned, (8) profit margin ratio (9) total asset turnover (10) return on total assets, and (11) return on common stockholders' equity. (Do not round intermediate calculations.) Complete this question by entering your answers in the tabs below. Reg) Reg 4 keqs Reg 1 and 2 Rego Reg Reg Red Reg 10 Reg 11 Compute the days' sales in inventory Days Sales In Inventory | Choose Denominator Choose Nuretator Days Days' Sales In Inventory Days sales in inventory 0 days Problem 13-4A Calculating financial statement ratios LO P3 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, $88,000, and retained earnings. $30,470) CABOT CORPORATION Income Statement For Current Year Ended December 31 Sales $ 450,00 Cost of goods sold 298,150 Gross profit 152.450 Operating expenses 98,300 Interest expense 4.200 Income before taxes 49,450 Income tax expense 19,920 Net Income $ 29,530 Assets Cash Short-term investments Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets CABOT CORPORATION Balance Sheet December 31 Liabilities and Equity 10,000 Accounts payable 9,000 Accrued wages payable 31,200 Income taxes payable 40,150 Long-tern note payable, secured by mortgage on plant assets 2,050 Common stock 150.300Retained earnings $ 243,500 Total liabilities and equity 16,500 4.800 3,00 70,400 38,000 60.000 $ 243,500 Required: Compute the following (1) current ratio, (2) acid-test ratio (3) days' sales uncollected. (4) inventory turnover (5) days sales in inventory (6) debt to equity ratio, umes interesteamed (8) profit margin ratio (9) total asset turnover (10) return on total assets, and (11) return on common stockholders' equity (Do not round intermediate calculations.) Complete this question by entering your answers in the tabs below. Red 1 and 2 Req Reg 4 Rea 5 Reg 6 Reg Regs Reg. Reg 10 Reg 11 Compute the debt-to-equity ratio. DettoEsulty Ratio Choose Denominator Choose Numerator Dobito Equity Ratio Dobt-to-equity ratio otot ( HD Regl > Problem 13-4A Calculating financial statement ratios LO P3 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, 548,900 total assets, $199.400; common stock. $88,000, and retained earnings. $30,470) CABOT CORPORATION Income Statement For Current Year Ended December 31 Sales 5450, 600 Cost of goods sold 298,159 Gross profit 152,450 Operating expenses 90,000 Interest expense 4,200 Income before taxes 49,450 Income tax expense 19.920 Net Income 5 $ Assets Cash Short-term investments Accounts receivable, net Merchandise inventory 16,500 4,300 CABOT CORPORATION Salance Sheet December 31 Liabilities and Equity 10,000 Accounts payable 9,600 Accrued wages payable 31,200 Income taxes payable 40,150 Long-term note payable, secured by mortgage on plant assets 2.850 Common stock 150,300 Retained earnings 243,500 Total liabilities and equity 3,800 70,400 Prepaid expenses Plant assets, net Total assets 08.000 60.000 $243.500 Required: Compute the following: (1) current ratio, (2) acid-test ratio, (3) days' sales uncollected. (4) inventory turnover. (5) days' sales in inventory. (6) debt-to-equity ratio (7) times interest earned. (8) profit margin ratio (9) total asset turnover (10) return on total assets, and (11) return on common stockholders' equity. (Do not round intermediate calculations.) Complete this question by entering your answers in the tabs below. Reg 1 and 2 Red Reg 4 Regs Rego Req? Red B Reg 9 Reg 10 Rad 11 Compute the profit margin ratio. Choose Numerator Prof Margin Ratio 1 Choose Denominator 1 1 Promotio Profit marginal Reg Req9) Problem 13-4A Calculating financial statement ratios LO P3 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. 5199,400, common stock 588,000 and retained earnings $30 470) CABOT CORPORATION Income Statement For Current Year Ended December 31 Sales $450,000 Cost of goods sold 200.150 Gross profit 152,450 Operating expenses 98,000 Interest expense Income before taxes 49,450 Income tax expense 19.920 Het income 29,530 Assets Cash Short-term Investments Accounts receivable. net Merchandise Inventory Prepaid expenses Plant assets, net Total assets CABOT CORPORATION balance sheet December 31 Liabilities and Equity 10,000 Accounts payable 9,000 Accrued wages payable 31,200 Inc taxes payable 40,150 Longters note payable, secured by norte o plant assets 2,50 Como tock 150,100 Retained earning $ 243,500 Total liabilities and equity 16,500 4,100 3,000 70,400 55.000 60.000 $243,00 Required: Compute the following (1) current ratio, (2) acid-test ratio (3) days' sales uncollected. (4) inventory turnover. (5) days' sales in inventory (6) debt-to-equity ratio) times interest earned. (B) profit margin ratio (9) total asset turnover (10) return on total assets and it return on common stockholders equity (Do not round intermediate calculations.) Complete this question by entering your answers in the tabs below. Rega Reg Rogo Regland 2 Reg H10 seg 11 Compute the return on total assets 110) Choose Nurte I Chose Denomination Het op Total Asset Retina ON