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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
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. $46.900; total assets, $209,400, common stock, $86,000, and retained earnings. $39.157.) Assets Cash Short-term investments Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets CABOT CORPORATION Income Statement For Current Year Ended December 31 Sales Cost of goods sold Gross profit CABOT CORPORATION Balance Sheet December 31 of current year Liabilities and Equity Accounts payable $ 18,000 8,000 Accrued wages payable 30,800 Income taxes payable 38,150 Long-term note payable, secured by mortgage on plant assets 2,650 Common stock 153,300 Retained earnings $ 250,900 Total liabilities and equity Operating expenses Interest expense Income before taxes Income tax expense Net income $ 453,600 297,950 155,650 99,100 4,900 51,650 20,807 $ 30,843 $ 17,500 3,200 3,800 Complete this question by entering your answers in the tabs below. 70,400 86,000 70,000 $ 250,900 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. (Do not round Intermediate calculations.)
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