Check my 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, $48,900, total assets, $189.400; common stock, 590,000, and retained earnings. $33,748) Assets Cash Short-term investments Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets CADOT CORPORATION Balance Sheet December 31 of current year Liabilities and Equity $ 10.000 Accounts payable B, 400 Accrued vages payable 33,700 Income taxes payable 32,150 Long-tern note payable, secured by mortgage on plant annet 2,650 Common stock 153,300 Retained earnings $ 240,200 Total Itabilities and equity $ 17,500 3.200 3,300 6), 400 90,000 62,800 5 240,200 CANOT CORPORATION Income statement For Current Year Ended December 31 Sales $448.600 Cost of goods sold 297,250 Cross profit 151,350 Operating expenses 98,600 Interest expense 4.100 Income before taxes 48,650 Income tax expense 19,598 Het income $ 29,052 Required: Compute the following: (1) current ratio, (2) acld-test ratio, (3) days' sales uncollected. (4) inventory turnover (5) days soles 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) retum on equity. (Do not round Intermediate calculations.) Complete this question by entering your answers in the tabs below. Complete this question by entering your answers in the tabs below. Reg 1 and 2 Reg 3 Reg 4 Reg 5 Reg 6 Req 7 Reg 8 Reg 9 Reg 10 Reg 11 Compute the current ratio and acid-test ratio. (1) Current Ratio Numerator: Denominator: Current Ratio Current Ratio O to 1 / (2) Acid-Test Ratio Denominator: Numerator: 1 ## Acid-Test Ratio Acid-Tost Ratio 0 to 1 Req 1 and 2 Req3 > Complete this question by entering your answers in the tabs below. Req 1 and 2 Reg 3 Reg 4 Reg 5 Reg 6 Reg 7 Reg 8 Reg 9 Reg 10 Reg 11 Compute the days' sales uncollected. (3) Days Sales Uncollected Denominator: Numerator: Days Days Sales Uncollected Days Sales Uncollected 0 days Complete this question by entering your answers in the tabs below. Reg 1 and 2 Req3 Req4 Rqas Reg 6 Reg 7 Regs Reg 9 Reg 10 Reg 11 Compute the days' sales in inventory Reg (5) Numerator: Days Sales In Inventory Denominator: Days Days Sales In Inventory Days' Sales in Inventory o days Complete this question by entering your answers in the tabs below. Reg 4 Reg 7 Reg 5 Reg 6 Reg 11 Regs Reg 10 Reg 9 Reg 1 and 2 Reg 3 Compute the debt-to-equity ratio. (6) Debt-to-Equity Ratio Denominator: Numerator: Debt-to-Equity Ratio Debt-to-Equity Ratio 0 to 1 1 Complete this question by entering your answers in the tabs below. Reg 5 Reg 6 Reg 7 Req Reg 9 Reg 10 Reg 11 Rea 1 and 2 Req Reg4 Compute the times interest earned (7) Times Interest Eamed 1 Denominator Numerator Times Interest Earned Times interest eamed o times Complete this question by entering your answers in the taus Reatio Reg 1 and 2 Req3 Reg 4 Reg 9 Reg 11 Reg 5 Reg 6 Reg 7 Reg 8 Compute the return on total assets. (10) Return on Total Assets Denominator: Numerator: Return on Total Assets Return on Total Assets 0 % Complete this question by entering your answers in the tabs below. Heferences Roq 1 and 2 Reg 3 Reg4 Reg 5 Reg 6 Req? Rego Rego Reg 10 Healt Compute the return on equity (11) Numerator Return on Equity Denominator Return On Common Stockholders' Equity Return On Common Stockholders' Equity
