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mework 0 Help Save & Exit Submit Selected year-end financial statements of Cabot Corporation follow. (All sales were on credit selected balance sheet amounts at December 31, 2016, were inventory, $55.900; total assets, $249,400: common stock, $80,000, and retained earnings, $37,960) CABOT CORPORATION Income Statement For Year Ended December 31, 2017 Sales $ 452,600 Cost of goods sold 296,950 Gross profit 155,650 Operating expenses 98,900 Interest expense 4,100 Income before taxes 52.650 Income taxes 21,210 Net Income $ 31,440 $ 16,500 3.000 4,700 Assets Cash Short-term investments Accounts receivable, net Notes receivable (trade) Merchandise inventory CABOT CORPORATION Balance Sheet December 31, 2017 Liabilities and Equity 8.000 Accounts payable 9.000 Acerved wages payable 33.800 Income taxes payable 3.000 36,150 Long-term note payable, secured by mortgage on plant assets 2.750 Common stock 148,300 Retained earnings 8 246,000 Total liabilities and equity 72.400 80.000 6,400 $ 246,000 Prepaid expenses Plant assets, net Total assets Req? Reas Rega Rea 10 R0Q11 Reg 6 Req 1 and 2 Reg4 Reg 3 Reg 5 Compute the current ratio and acid-test ratio. (1) Current Ratio Choose Denominator: Choose Numerator: = Current Ratio Current ratio 0 to 1 2017: Acid-Test Ratio Choose Denominator: - Acid-Test Ratio Acid-Test Ratio Choose Numerator: 0 to 1 2017: 0 888 F2 0 W H G mework Saved Help Save & Exit Submit 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 common stockholders' equity. (Do not round intermediate calculations.) Complete this question by entering your answers in the tabs below. Req 1 and 2 Req3 Reg 5 Req6 Reg 7 Req8 Reg 9 Req10 Req 11 Compute the days' sales uncollected. (3) Days' Sales Uncollected Choose Denominator: * Days Choose Numerator: I Days Sales Uncollected = Days sales uncollected 0 days 2017 Reg4 > Saved mework A Help Save & Ext Submit 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 common stockholders' equity. (Do not round Intermediate calculations.) Complete this question by entering your answers in the tabs below. Req 1 and 2 Req3 Reg 5 Reg 4 Reg 6 Req 7 Req8 Reg 11 Reg 9 Req 10 Compute the inventory turnover. (4) Inventory Turnover Choose Denominator: Choose Numerator: Inventory Turnover Inventory turnover O times 2017: (Reg 5 2 of 2 !!! Next) 2017: Next > Prey 2 of 2 ework Help Save & Exit Submit 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 (1) return on common stockholders' equity. (Do not round intermediate calculations.) Complete this question by entering your answers in the tabs below. REGG Rega Reas Rea> Req 10 RegBk | Regg R09 11 Req 1 and 2 Reg 3 Compute the profit margin ratio. (8) Profit Margin Ratio Choose Denominator: 1 Profit margin ratio Profit margin ratio Choose Numerator: 2017: 2 of 2 Reg 2 of 2 !!! Next > 2 of 2
