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Assets Cash Short-term investments Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets CABOT CORPORATION Income Statement December UT CUTE year
Assets Cash Short-term investments Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets CABOT CORPORATION Income Statement December UT CUTE year Liabilities and Equity $ 20,000 Accounts payable $ 19,500 8,800 Accrued wages payable 3,000 34,000 Income taxes payable 4,100 42,150 Long-term note payable, secured by mortgage on plant assets 3,050 Common stock 62,400 86,000 84,300 $ 259,300 151,300 Retained earnings $ 259,300 Total liabilities and equity For Current Year Ended December 31 Sales Cost of goods sold Gross profit Operating expenses Interest expense Income before taxes Income tax expense Net income $ 454,600 297,050 157,550 98,700 4,200 54,650 22,015 $ 32,635 equired: ompute the following: (1) current ratio, (2) acid-test ratio, (3) days' sales uncollected, (4) inventory turnover, (5) days' sales in ventory. (6) debt-to-equity ratio, (7) times interest earned, (8) profit margin ratio, (9) total asset turnover. (10) return on total ssets, and (11) return on equity. (Do not round intermediate calculations.)
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