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help please Selected current year-end financial statements of Cabot Corporation follow. All sales were on credit, selected balance sheet amounts at December 31 of the
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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 year were inventory, $54,900; total assets, $239,400; common stock, $85,000; and retained earnings, $41,209.) Assets Cash Short-term investments Accounts receivable, net Merchandise inventory Prepaid expenses Plant annets, net Total assets CABOT CORPORATION Balance Sheet December 31 of current year Liabilities and Equity $ 20,000 Accounts payable 8,200 Accrued wagen payablo 30,000 Income taxes payable 36,150 Long-term note payable, secured by mortgage on plant annet 2,550 Common stock 148,300 Retained earnings $ 245,200 Total liabilities and equity $ 19,500 3,600 3,200 63,400 85.000 70.500 $ 245,200 CABOT CORPORATION Income Statement Tor Current Year Ended December 31 Sales $ 451,600 Cont of goods sold 298,450 Gross profit 153, 150 Operating expenses 99,200 Interest expense 4,900 Income before taxes 49,050 Income tax expense 19.259 Net income $ 29,291 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 ossets, and (11) return on equity (Do not round intermediate calculations.) 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.) Complete this question by entering your answers in the tabs below. Reg 6 Reg 11 Reg 7 Req9 Reg 8 Reg 10 Reg 1 and 2 Reg 3 Reg 4 Reg 5 Compute the current ratio and acid-test ratio. (1) Current Ratio Denominator: Current Ratio Numerator: Curregatio to 1 1 (2) Acid Test Ratio Denominator Numerator: Acid-Tost Ratio Acid-Test Ratio 101 1 1 . Step by Step Solution
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