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Compute the days' sales in inventory. Choose Numerator: Merchandise inventory 47,025 Days' Sales In Inventory Choose Days Denominator Cost of goods sold 365 $ 297.950

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Compute the days' sales in inventory. Choose Numerator: Merchandise inventory 47,025 Days' Sales In Inventory Choose Days Denominator Cost of goods sold 365 $ 297.950 X 365 1 - - Days' Sales in Inventory Days' sales in inventory 576 days 2017: Selected year-end financial statements of Cabot Corporation follow. All sales were on credit: selected balance sheet amounts at December 31, 2016, were inventory, $53,900; total assets, $189,400; common stock, $84,000; and retained earnings, $46,336.) CABOT CORPORATION Income Statement For Year Ended December 31, 2017 Sales $ 452,600 Cost of goods sold 297.950 Gross profit 154,650 Operating expenses 99,400 Interest expense 3.900 Income before taxes 51.350 Income taxes Net income 30,664 Assets $ 16,500 4.800 Short-term investments Accounts receivable, net totes receivable (trade) Merchandise inventory CABOT CORPORATION Balance Sheet December 31, 2017 Liabilities and Equity 8,000 Accounts payable 8,200 Accrued wages payable 30, 200 Income taxes payable 7,000 40,150 Long-term note payable, secured by mortgage on plant annet 2.950 Corontock 154,200 Retained earnings $ 250,00 Total liabilities and equity 4.000 Prepaid expenses Plantas sota, net Totalt $ 250,00 These are short term notes receivable arising from customer (trade) sales Required: Compute the following (1 current into 12h acid leserata, 3) dove sales uncollected ca) inventory turnover (5) days' sales in inventory (6) debt to equity ratio. (2 times interestemmed (8) profit margin ratio (9) totalassotturnover (10) retum on total

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