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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, $46,900; total assets, $239,400; common stock, $85,000; and retained earnings, $40,118.) CABOT CORPORATION Income Statement For Current Year Ended December 31 Sales $ 449,600 Cost of goods sold 297,850 Gross profit 151,750 Operating expenses 99,000 Interest expense 4,300 Income before taxes 48,450 Income tax expense 19,518 Net income $ 28,932 Assets Cash Short-term investments Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets CABOT CORPORATION Balance Sheet December 31 Liabilities and Equity $ 20,000 Accounts payable 9,600 Accrued wages payable 29, 400 Income taxes payable 42,150 Long-term note payable, secured by mortgage on plant assets 2,700 Common stock 150,300 Retained earnings $ 254,150 Total liabilities and equity $ 19,500 4,600 4.600 71,400 85,000 69,050 $ 254,150 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. Reg 8 Reg 7 Reg 9 Reg 6 Reg 10 Reg 11 Reg 1 and 2 Reg 3 Reg 4 Reg 5 euidu Caiculations.) Complete this question by entering your answers in the tabs below. Req 1 and 2 Req3 Reg 4 Reg 5 Req6 Req Req8 Req9 Reg 10 Reg 11 Compute the current ratio and acid-test ratio. Choose Numerator Current Ratio Choose Denominator 1 Current Ratio Current ratio oto 1 1 (2) Choose Numerator: Acid-Test Ratio Choose Denominator: 1 Acid-Test Ratio Acid-Test Ratio 0 to 1 Ree 1 an Req3 > Complete this question by entering your answers in the tabs below. Req 1 and 2 Reg 3 Req 4 Reg 5 Req 6 Req 7 Req8 Reg 9 Reg 10 Req 11 Compute the days' sales uncollected. (3) Choose Numerator: Days Sales Uncollected Choose Denominator Days 1 Days Salos Uncollected Days sales uncollected 1 o days Complete this question by entering your answers in the tabs below. Req 1 and 2 Reg 3 Reg 4 Reg 5 Req 6 Reg 7 Reg 8 Reg 9 Reg 10 Reg 11 Compute the inventory tumover. (4) Inventory Turnover Choose Denominator: Choose Numarator: 1 Inventory Turnover Inventory turnover o times 1 Complete this question by entering your answers in the tabs below. Req 1 and 2 Reg 3 Reg 4 Reqs Reg 6 Reg 7 Reg 8 Reg 9 Reg 10 Req 11 Compute the days' sales in Inventory. (5) Days Sales In Inventory Choose Denominator Choose Numerator: Days X Daya' Sales in Inventory - Days' sales in inventory 0 days X Req 1 and 2 Reg 3 Req 4 Reg 5 Req 6 Req 7 Req 8 Req 9 Reg 10 Req 11 Compute the debt-to-equity ratio. (5) Debt-to-Equity Ratio 1 Choose Denominator: Choose Numerator: Debt-to-Equity Ratio Debt-to-equity ratio 0 to 1 Reg 1 and 2 Reg 3 Reg 4 Reg 5 Reg 6 Reg 7 Reg 8 Reg 9 Reg 10 Reg 11 Compute the times interest earned. (7) Times Interest Earned Choose Numerator: Choose Denominator: Times Interest Earned 1 Times interest earned 1 0 times (8) Choose Numerator: Profit Margin Ratio Choose Denominator: / Profit margin ratio Profit margin ratio 0 % 1 (9) Choose Numerator: Total Asset Turnover Choose Denominator: Total Asset Turnover Total asset turnover O times Req 1 and 2 Req3 Reg 4 Reg 5 Reg 6 Req 7 Req 8 Reg 9 Reg 10 Req 11 Compute the return on total assets. (10) Choose Numerator: Rotum on Total Assets Choose Denominator 1 - Return on Total Assets Return on total assets / / 0 % Reg 1 and 2 Req3 Reg 4 Regs Reg 6 Reg 7 Req8 Req9 Reg 10 Red 11 Compute the return on common stockholders' equity, (11) Rebum on Common Stockholders Egly Choose Denominator Choose Numeratori Return On Common tockholders' Equity Return on common stockholders' evity ON Step by Step Solution
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