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Cash Short-term investments Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets $ 10,000 Accounts payable 8,408 Accrued wages payable 31,400
Cash Short-term investments Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets $ 10,000 Accounts payable 8,408 Accrued wages payable 31,400 Income taxes payable 151.300 Retained earnings $236,050 Total liabilities and equity $ 16,500 4,600 2,900 32,150 Long-term note payable, secured by mortgage on plant assets 2,800 Common stock 65,400 50,000 56,650 3 236,050 CABOT CORPORATION Incose Statement For Current Year Ended December 31 Sales Cost of goods sold $ 456,600 297,05 Gross profit 159,550 Operating expenses 99,500 Interest expense 4,900 Income before taxes 55,150 Income tax expense Net Incone Required: 22,217 $12,911 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 Req 4 Req 5 Reg 6 Req 7 Req 8 Reg 9 Req 10 Req 11 Compute the current ratio and acid-test ratio. (1) Numerator (2) Numerator Current Ratio Denominator K Acid-Test Ratio Denominator 2 Req3 >> Current Ratini Current ratio to 1 Acid-Test Ratio Acid-Test Ratio
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