Check 7 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, $55,900; total assets, $199,400; common stock, $81,000; and retained earnings, $48,628.) 50 points CABOT CORPORATION Balance Sheet December 31 of current year Assets Liabilities and Equity eBook $ 22, 000 Accounts payable $ Cash 17, 500 Short-term 5 , 000 Print investments 9, 000 Accrued wages payable Accounts receivable, 32, 200 Income taxes payable 4, 100 net Merchandise 34, 150 Long-term note payable, secured by mortgage 67, 400 References inventory on plant assets Prepaid expenses 3, 000 Common stock 81, 000 Plant assets, net 154, 300 Retained earnings 79, 650 Total assets 254, 650 Total liabilities and equity 254, 650 CABOT CORPORATION Income Statement For Current Year Ended December 31 Sales 453, 600 Cost of goods sold 297 , 750 Gross profit 155, 850 Operating expenses 99, 300 Interest expense 4, 600 Income before 51, 950 taxes Income tax expense 20, 928 Net income $ 31, 022 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 (11) return on equity. Note: Do not round intermediate calculations. Complete this question by entering your answers in the tabs below. Req 1 Req 3 Reg 4 Req 5 Req 6 Req 7 Reg 8 Req 9 Req 10 Req 11 and 2 Compute the current ratio and acid-test ratio. (1) Current Ratio Numerator: 1 Denominator: = Current Ratio Current ratio 0 to 1 (2) Acid-Test Ratio Numerator: Denominator: = Acid-Test Ratio Acid-Test Ratio 0 to 1 Check my work 7 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, $55,900; total assets, $199,400; common stock, $81,000; and retained earnings, $48,628. 50 points CABOT CORPORATION Balance Sheet December 31 of current year Assets Liabilities and Equity eBook Cash $ 22, 000 Accounts payable 17 , 500 Short-term 5, 000 Print investments 9, 000 Accrued wages payable Accounts receivable, 32, 200 Income taxes payable 4, 100 net n Merchandise 34, 150 Long-term note payable, secured by mortgage 67 , 400 References inventory on plant assets Prepaid expenses 3, 000 Common stock 81, 000 Plant assets, net 154, 300 Retained earnings 79, 650 Total assets 254, 650 Total liabilities and equity 254, 650 CABOT CORPORATION Income Statement For Current Year Ended December 31 Sales $ 453, 600 Cost of goods sold 297 , 750 Gross profit 155, 850 Operating expenses 99 , 300 Interest expense 4,600 Income before 51, 950 taxes Income tax expense 20, 928 Net income $ 31, 022 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 (11) return on equity. Note: Do not round intermediate calculations. Complete this question by entering your answers in the tabs below. Req 1 and 2 Reg 3 Req 4 Req 5 Req 6 Req 7 Req 8 Req 9 Req 10 Req 11 Compute the days' sales uncollected (3) Days' Sales Uncollected Numerator: | Denominator: * Days = Days Sales Uncollected Days sales uncollected 0 days Check 7 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, $55,900; total assets, $199,400; common stock, $81,000; and retained earnings, $48,628.) 50 points CABOT CORPORATION Balance Sheet December 31 of current year Assets Liabilities and Equity eBook $ Cash $ 22, 000 Accounts payable 17 , 500 Short-term 9, 000 Accrued wages payable 5, 000 Print investments Accounts receivable, net 32, 200 Income taxes payable 4, 100 Merchandise 34, 150 Long-term note payable, secured by mortgage 67 , 400 References inventor on plant assets Prepaid expenses 3, 000 Common stock 81, 000 Plant assets, net 154, 300 Retained earnings 79, 650 Total assets 254, 650 Total liabilities and equity 254, 650 CABOT CORPORATION Income Statement For Current Year Ended December 31 Sales $ 453, 600 Cost of goods sold 297, 750 Gross profit 155, 850 Operating expenses 99 , 300 Interest expense 4, 600 Income before 51, 950 taxes Income tax expense 20, 928 Net income $ 31, 022 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 (11) return on equity. Note: Do not round intermediate calculations. Complete this question by entering your answers in the tabs below. Req 1 Req 3 Req 4 Req 5 Req 6 Req 7 Req 8 Req 9 Req 10 Req 11 and 2 Compute the inventory turnover. (4) Inventory Turnover Numerator: Denominator: Inventory Turnover = Inventory turnover 0 times Check 7 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, $55,900; total assets, $199,400; common stock, $81,000; and retained earnings, $48,628.) 50 points CABOT CORPORATION Balance Sheet December 31 of current year Assets Liabilities and Equity eBook Cash $ 22, 000 Accounts payable $ 17,500 Short-term 9, 000 Accrued wages payable 5 , 000 Print investments Accounts receivable, 32, 200 Income taxes payable 4, 100 net Merchandise 34, 150 Long-term note payable, secured by mortgage 67 , 400 References inventory on plant assets Prepaid expenses 3,000 Common stock 81, 000 Plant assets, net 154, 300 Retained earnings 79, 650 Total assets 254, 650 Total liabilities and equity 254, 650 CABOT CORPORATION Income Statement For Current Year Ended December 31 Sales 453, 600 Cost of goods sold 297, 750 Gross profit 155, 850 Operating expenses 99, 300 Interest expense 4, 600 Income before 51, 950 taxes Income tax expense 20, 928 Net income $ 31, 022 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 (11) return on equity. Note: Do not round intermediate calculations. Complete this question by entering your answers in the tabs below. Req 1 Req 3 Req 4 Reg 5 Req 6 Req 7 Req 8 Req 9 Req 10 Req 11 and 2 Compute the days' sales in inventory. (5) Days' Sales in Inventory Days' Sales in Numerator: 1 Denominator: * Days = Inventory Days' sales in inventory 0 days Ch 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, $55,900; total assets, $199,400; common stock, $81,000; and retained earnings, $48,628.) 50 points CABOT CORPORATION Balance Sheet December 31 of current year Assets Liabilities and Equity eBook Cash $ 22, 000 Accounts payable $ 17,500 Short-term 5 , 000 Print investments 9,000 Accrued wages payable Accounts receivable, 32, 200 Income taxes payable 4, 100 net Merchandise 34, 150 Long-term note payable, secured by mortgage 67 , 400 References inventory on plant assets Prepaid expenses 3,000 Common stock 81, 000 Plant assets, net 154, 300 Retained earnings 79 , 650 Total assets 254, 650 Total liabilities and equity 254, 650 CABOT CORPORATION Income Statement For Current Year Ended December 31 Sales $ 453, 600 Cost of goods sold 297 , 750 Gross profit 155, 850 Operating expenses 99 , 300 Interest expense 4, 600 Income before taxes 51, 950 Income tax expense 20, 928 Net income $ 31, 022 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 (11) return on equity. Note: Do not round intermediate calculations. Complete this question by entering your answers in the tabs below. Req 1 Req 3 Req 4 Req 5 Req 6 Reg 7 Req 8 Req 9 Req 10 Req 11 and 2 Compute the debt-to-equity ratio. (6) Debt-to-Equity Ratio Numerator: Denominator: Debt-to-Equity Ratio Debt-to-equity ratio 0 to 1 Check my work 7 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, $55,900; total assets, $199,400; common stock, 50 $81,000; and retained earnings, $48,628.) points CABOT CORPORATION Balance Sheet December 31 of current year Assets Liabilities and Equity eBook Cash $ 22, 000 Accounts payable 17 , 500 Short-term 9, 000 Accrued wages payable 5,000 Print investments Accounts receivable, 32, 200 Income taxes payable 4, 100 net In Merchandise 34, 150 Long-term note payable, secured by mortgage 67 , 400 References inventory on plant assets Prepaid expenses 3, 000 Common stock 81, 000 Plant assets, net 154, 300 Retained earnings 79, 650 Total assets 254, 650 Total liabilities and equity 254, 650 CABOT CORPORATION Income Statement For Current Year Ended December 31 Sales 453, 600 Cost of goods sold 297 , 750 Gross profit 155, 850 Operating expenses 99 , 300 Interest expense 4, 600 Income before taxes 51, 950 Income tax expense 20, 928 Net income $ 31, 022 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 (11) return on equity. Note: Do not round intermediate calculations. Complete this question by entering your answers in the tabs below. Req 1 Req 3 Req 4 Req 5 Req 6 Req 7 Req 8 Req 9 Req 10 Req 11 and 2 Compute the times interest earned. (7) Times Interest Earned Numerator: Denominator: Times Interest Earned = Times interest earned 0 time B References 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, $55,900; total assets, $199,400; common stock, $81,000; and retained earnings, $48,628.) CABOT CORPORATION Balance Sheet December 31 of current year Assets Cash $ 22,000 Short-term investments 9,944 Accounts receivable, Gt 32,200 Merchandise 34,150 inventory Prepaid expenses 3,000 Plant assets, net 154,300 Total assets 254'553 CABOT CORPORATION Income Statement For Current Year Ended December 31 $ Sales 453, 600 Cost of goods sold 297,750 Gross profit 155, 850 Operating expenses 99, 300 Interest expense 4,600 Income before Saxas 51,950 Income tax expense 20,928 Net income $ 31,022 Required: Liabilities and Equity Accounts payable Accrued wages payable Income taxes payable Long-term note payable, secured by mortgage on plant assets Common stock Retained earnings Total liabilities and equity $ 17,500 5,000 4,100 67,400 81,000 79,650 $ 254,650 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. Note: Do not round intermediate calculations. Complete this question by entering your answers in the tabs below. Reg 1 and 2 Reg3 Req4 Regbh Compute the profit margin ratio. Req6 | Req7 | Req8 | Reg9 Req 10 Regl1l e e e ratio - r .00 J=7 @ o% Check m 7 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, $55,900; total assets, $199,400; common stock, $81,000; and retained earnings, $48,628.) 50 points CABOT CORPORATION Balance Sheet December 31 of current year Assets Liabilities and Equity eBook $ Cash $ 22, 000 Accounts payable 17 , 500 Short-term 5 , 000 investments 9, 000 Accrued wages payable Print Accounts receivable, 4, 100 net 32, 200 Income taxes payable Merchandise 34, 150 Long-term note payable, secured by mortgage 67 , 400 References inventory on plant assets Prepaid expenses 3,000 Common stock 81, 000 Plant assets, net 154, 300 Retained earnings 79, 650 Total assets 254, 650 Total liabilities and equity 254, 650 CABOT CORPORATION Income Statement For Current Year Ended December 31 Sales 453, 600 Cost of goods sold 297 , 750 Gross profit 155, 850 Operating expenses 99 , 300 Interest expense 4, 600 Income before taxes 51, 950 Income tax expense 20,928 Net income $ 31, 022 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 (11) return on equity. Note: Do not round intermediate calculations. Complete this question by entering your answers in the tabs below. Req 1 Req 3 Req 4 Req 5 Req 6 Req 7 Req 8 Req 9 Req 10 Req 11 and 2 Compute the total asset turnover. (9) Total Asset Turnover Numerator: Denominator: Total Asset = Turnover Total asset turnover 0 times Check my 7 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, $55,900; total assets, $199,400; common stock, $81,000; and retained earnings, $48,628.) 50 points CABOT CORPORATION Balance Sheet December 31 of current year Assets Liabilities and Equity eBook Cash $ 22, 000 Accounts payable $ 17 , 500 Short-term 9,000 Accrued wages payable 5,000 Print investments Accounts receivable, 4, 100 net 32, 200 Income taxes payable Merchandise 34, 150 Long-term note payable, secured by mortgage 67 , 400 References inventory on plant assets Prepaid expenses 3, 000 Common stock 81, 000 Plant assets, net 154, 300 Retained earnings 79, 650 Total assets 254, 650 Total liabilities and equity 254, 650 CABOT CORPORATION Income Statement For Current Year Ended December 31 Sales 453, 600 Cost of goods sold 297 , 750 Gross profit 155, 850 Operating expenses 99 , 300 Interest expense 4, 600 Income before taxes 51, 950 Income tax expense 20, 928 Net income $ 31, 022 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 (11) return on equity. Note: Do not round intermediate calculations. Complete this question by entering your answers in the tabs below. Req 1 and 2 Req 3 Req 4 Req 5 Req 6 Req 7 Req 8 Req 9 Req 10 Req 11 Compute the return on total assets. (10) Return on Total Assets Numerator: 1 Denominator: Return on Total Assets = Return on total assets 0 % Check my work 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, $55,900; total assets, $199,400; common stock, $81,000; and retained earnings, $48,628.) 50 points CABOT CORPORATION Balance Sheet December 31 of current year Assets Liabilities and Equity eBook Cash $ 22, 000 Accounts payable 17 ,500 Short-term 9,000 Accrued wages payable 5 , 000 Print investments Accounts receivable, 32, 200 Income taxes payable 4, 100 net Merchandise 34, 150 Long-term note payable, secured by mortgage 67 , 400 References inventory on plant assets Prepaid expenses 3,000 Common stock 81, 000 Plant assets, net 154, 300 Retained earnings 79, 650 Total assets 254, 650 Total liabilities and equity 254, 650 CABOT CORPORATION Income Statement For Current Year Ended December 31 Sales $ 453, 600 Cost of goods sold 297 , 750 Gross profit 155, 850 Operating expenses 99 , 300 Interest expense 4, 600 Income before taxes 51, 950 Income tax expense 20, 928 Net income $ 31, 022 Required: Compute the following: (1) current ratio, (2) acid-test ratio, (3) days' sales uncollected, (4) inventory turnover, (5) days' sales in inventor 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. Note: Do not round intermediate calculations. Complete this question by entering your answers in the tabs below. Req 1 Req 3 Req 4 Req 5 Req 6 Req 7 Req 8 Req 9 Req 10 Req 11 and 2 Compute the return on equity. (11) Return on Equity Numerator: Denominator Return On Equity Return on equity 0 %