Cabot Corp

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, $50,900; total assets. $179,400; common stock $88,000; and retained earnings. $34.172.) Assets Cash Short-term investments Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets CABOT CORPORATION Balance Sheet December 31 of current year Liabilities and Equity $ 10,000 Accounts payable 9,200 Accrued wages payable 30,800 Income taxes payable 36,150 Long-term note payable, secured by mortgage on plant assets 2,650 Common stock 152,300 Retained earnings $ 240,100 Total liabilities and equity $ 17,500 3,000 3,200 64,400 88,000 64,000 $ 240,100 CABOT CORPORATION Income Statement For Current Year Ended December 31 Sales S450, 600 Cost of goods sold 297,550 Gross profit 153,050 Operating expenses 98,600 Interest expense 4,500 Income before taxes 49,950 Income tax expense 20,122 Net Incom $ 29,828 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 equity. (Do not round Intermediate calculations.) Complete this question by entering your answers in the tabs below. Req 1 and 2 Req3 Reg 4 Reg 5 Req6 Req7 Reg 8 Reg 9 Reg 10 Reg 11 Compute the current ratio and acid-test ratio. Current Ratio Denominator: Numerator: Current Ratio Current ratio to 1 4 (2) Acid-Test Ratio Denominator: Numerator: 1 1 Acid-Test Ratio Acid-Test Ratio to 1 1 Check my work 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 equity. (Do not round intermediate calculations.) Complete this question by entering your answers in the tabs below. Reqs Reg 6 Req? Reg 8 Reg 9 Reg 10 Reg 11 Reg 1 and 2 Reg 3 Reg 4 Compute the days sales uncollected. Days' Sales Uncollected 1 Denominator: Numerator: M Days = Days Sales Uncollected 1 Days sales uncollected days ( Req 1 and 2 Req 4 > Check my work 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 equity. (Do not round intermediate calculations.) Complete this question by entering your answers in the tabs below. Req 1 and 2 Req3 Reg4 Req5 Reg 6 Reg 7 Reg 8 Req9 Reg 10 Reg 11 Compute the inventory turnover. Inventory Turnover Denominator: Numerator: Inventory Turnover Inventory turnover times 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 equity. (Do not round intermediate calculations.) Complete this question by entering your answers in the tabs below. Req 1 and 2 Req 3 Reg 4 Reg 5 Req6 Req? Reg 8 Req9 Reg 10 Reg 11 Compute the days' sales in inventory. (5) Days' Sales In Inventory Denominator: Numerator: Days Days Sales in Inventory Days' sales in inventory days 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 equity. (Do not round intermediate calculations.) Complete this question by entering your answers in the tabs below. Regs peg 6 Req7 Req8 Reg 9 Reg 10 Reg 11 Red 1 and 2 Req3 Reg 4 Compute the debt-to-equity ratio. (6) Numerator Debt-to-Equity Ratio Denominator: 1 1 Debt-to-Equity Ratio Debt-to-equity ratio to 1 1 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 equity. (Do not round Intermediate calculations.) Complete this question by entering your answers in the tabs below. Req 1 and 2 Reg 3 Req4 Reqs Reg 6 Redly Reg 8 Reg 9 Reg 10 Reg 11 Compute the times interest earned Times Interest Earned Numerator: Denominator: Times Interest Earned Times interest earned 1 times 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 equity. (Do not round Intermediate calculations.) Complete this question by entering your answers in the tabs below. Reg 1 and 2 Req 3 Reg 4 Reg 5 Reg 6 Reg 7 Reas Reg 9 Reg 10 Reg 11 Compute the profit margin ratio. (8) Profit Margin Ratio Denominator: Numerator: Profit margin ratio Profit margin ratio % 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 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 Regs Reg 6 Req7 Req 8 Reole Reg 10 Reg 11 Compute the total asset turnover. 19) Numerator: Total Asset Turnover Denominator: Total Assot Turnover Total asset turnover times 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 equity. (Do not round intermediate calculations.) Complete this question by entering your answers in the tabs below. Reg 1 and 2 Req3 Req 4 Reg 5 Reg 6 Req7 Req8 Req 9 REN 10 Reg 11 Compute the return on total assets. (10) Return on Total Assets Denominator: Numerator: Return on Total Assets Return on total assets % 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 equity. (Do not round intermediate calculations.) Complete this question by entering your answers in the tabs below. Rreg 1 and 2 Req? Reg 4 Reqs Reg 6 Reg 7 Reg 8 Reg 9 Reg 10 Reg 11 Compute the return on equity. Return on Equity Denominator Numerator: Return On Equity Return on equity 1 %