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Additional Information on Current Year Transactions a. Purchased equipment for $56,300 cash b. Issued 13,200 shares of common stock for $5 cash per share. c.

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Additional Information on Current Year Transactions a. Purchased equipment for $56,300 cash b. Issued 13,200 shares of common stock for $5 cash per share. c. Declared and paid $101,000 in cash dividends. Selected current year-end financial statements of Cabot Comporation follow. (All sales were on credit; selected balance sheet amounts at December 31 of the prior year were inventory. $53,900, total assets, $179,400, common stock, $86,000, and retained earnings, $40.5021 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 tumover, (10) return on total assets, and (11) return on equity. Note: Do not round intermediate calculations. Complete this question by entering your answers in the tabs below. Compute the current ratio and acid-test ratio. Additional Information on Current Year Transactions a. Purchased equipment for $56,300 cash b. Issued 13,200 shares of common stock for $5 cash per share. c. Declared and paid $101,000 in cash dividends. Selected current year-end financial statements of Cabot Comporation follow. (All sales were on credit; selected balance sheet amounts at December 31 of the prior year were inventory. $53,900, total assets, $179,400, common stock, $86,000, and retained earnings, $40.5021 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 tumover, (10) return on total assets, and (11) return on equity. Note: Do not round intermediate calculations. Complete this question by entering your answers in the tabs below. Compute the current ratio and acid-test ratio

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