Answered step by step
Verified Expert Solution
Link Copied!

Question

...
1 Approved Answer

amework 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

image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
amework 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, $49.900 total assets. $259,400, common stock, $86.000, and retained earnings $32,865) CABOT CORPORATION Incon Statement For Current Year Ended December 31 Sales $ 456,600 Cost of goods sold 298 250 Gross profit 153,350 Operating expenses 99,300 Interest expense Income before taxes 54,650 Incone tax expense 22.015 Net income 532,635 Assets Cash Short-tere investments Accounts receivable, Merchandise inventory Prepaid expenses Plant assets, net Total assets CABOT CORPORATION Balance Sheet December 31 Llabilities and Equity $10,000 Accounts payable 9.400 Accrued as payable 31,200 Income taxes payable 36,150 long-ter note payable, secured by 2,950 Common stock mortgage on plant assets 156.10 Retained earnings $ 204,000 Total abilities and equity $16.500 4.400 4,200 67.4ee 36,000 65,500 $244, Required: Compute the following 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 (1) 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 Rega Reg Regs Reg 6 R? Rea Req Reg 10 Red 11 Compute the current ratio and add-test ratio Current Ratio Required: Compute the following: (current ratio (2) acid-test ratio (3) days' sales uncollected. (4) inventory turnover (5) days sales in inventory, (6) debt-to-equity ratio, nomes interest earned. () profit margin ratio (91 total asset turnover (10) return on total assets, and (1) return on common stockholders' equity. Do not round intermediate calculations.) Complete this question by entering your answers in the tabs below. Roland 2 Raga Rego Rega Re 10 Compute the current ratio and add-test ratio 111 I choose tenonim Cost of goods sold Current Current 02 Choco Ch Aus Rato R3) 013108 Plant assets, het Total assets 154,300 Betained earnings 244,000 Total liabilities and equity 16,000 65,500 $244,000 ebook 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, (89 profit margin ratio. 19 total asset turnover (10) return on total assets, and (f) retum on common stockholders' equity (Do not round intermediate calculations.) Complete this question by entering your answers in the tabs below. Reg 1 and 2 Rega R4 Reas Reg 6 Reg Reg Meg 10 Reg 11 Compute the day sales collected CHHU MAHHH HIU Der Sales code Choose De Days Senco Days as unceded days Total assets and earman $244,000 Total abilities and equity 65,500 $ 244,000 Book 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 (71) return on common stockholders' equity (Do not round Intermediate calculations.) Complete this question by entering your answers in the tabs below. Reg 1 und 2 Req3 Req Hea Reg 6 Reg Rega H Reg 10 Reg 11 Compute the inventory turnover 14) Tytory.unen ChoosDenominator Choose Nuo B livery Turnover Inventory mer eBook 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 eamed (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 Reg 3 Reg 4 Reas Rego Red Reg 8 Req9 Reg 10 Reg 11 Compute the days sales in inventory Days Sales In Inventory Choose Denninator Choose Numerator Dwy Day Sales in Inventory Days' sales in Inventory o days 1 X 24.600 Total liabilities and equity $249.000 ook Required: Compute the following current ratio, (2acid-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 to return on common stockholders' equity (Do not round intermediate calculations) Complete this question by entering your answers in the tabs below. The 1 and 2 Reg 3 Red Regs Rego Reg? Rega Reg Reg 10 Reg 11 Compute the times interes samed th Times intentarne Choose Cheeseeno Times Interested The level and tes total liabilities and equity $ 244,000 K 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 (1) 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 Reg 3 Reg 4 Regs Reg 6 Req7 Reg Reg 9 Reg 10 Reg 11 Compute the return on total assets. (10) Choose Numeri Return on Total Assets Choose Denominator: Return on Total Assets Return on total assets 3244,600 Total liabilities and equity $244.000 Required: Compute the following: (y 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 eamed (8) profit margin ratio, 19) total asset turnover (10) return on total assets, and (7) 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 Reg Reg Reqs Rego Reg Rega 9 R10 Compute the return on common stockholders' equity (111 Hattan Code Choose Demonia Choose the - New OC Stockholm Return on connectors OS

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Accounting questions