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HI!! PLEASE HELP. I have no clue how to do this. Thanks!! :) 24 Selected current year-end financial statements of Cabot Corporation follow. (All sales
HI!! PLEASE HELP. I have no clue how to do this. Thanks!! :)
24 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, $52,900; total assets, $239,400; common stock, $87,000; and retained earnings, $41,449.) 23 points 8 00:20:53 CABOT CORPORATION Income Statement For Current Year Ended December 31 Sales $ 456,600 Cost of goods sold 296,950 Gross profit 159,650 Operating expenses 99,300 Interest expense 4,500 Income before taxes 55,850 Income tax expense 22,499 Net income $ 33,351 $ Assets Cash Short-term investments Accounts receivable, net Merchandise inventory CABOT CORPORATION Balance Sheet December 31 Liabilities and Equity $ 18,000 Accounts payable 9,200 Accrued wages payable 33,200 Income taxes payable 34,150 Long-term note payable, secured by mortgage on plant assets 3,050 Common stock 152,300 Retained earnings $ 249,900 Total liabilities and equity 16,500 5,000 3,200 63,400 Prepaid expenses Plant assets, net Total assets 87,000 74,800 $ 249,900 Required: Compute the following: (1) current ratio, (2) acid-test ratio, (3) days' sales uncollected, (4) inventory turnover, (5) days' sales in inventory, Assets Cash Short-term investments Accounts receivable, net Merchandise inventory CABOT CORPORATION Balance Sheet December 31 Liabilities and Equity $ 18,000 Accounts payable 9,200 Accrued wages payable 33,200 Income taxes payable 34,150 Long-term note payable, secured by mortgage on plant assets 3,050 Common stock 152,300 Retained earnings $ 249,900 Total liabilities and equity $ 16,500 5,000 3,200 63,400 Prepaid expenses Plant assets, net Total assets 87,000 74,800 $ 249,900 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 common stockholders' equity. (Do not round intermediate calculations.) Complete this question by entering your answers in the tabs below. Req 1 and 2 Req3 Req 4 Req 5 Req 6 Req 7 7 Req 8 Req 9 Req 10 Reg 11 Compute the current ratio and acid-test ratio. (1) 1 Choose Numerator: Current Ratio Choose Denominator: Current liabilities Current Ratio Current assets / Current ratio 0 to 1 / 1 Total assets $ 249,900 Total liabilities and equity $ 249,900 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 common stockholders' equity. (Do not round intermediate calculations.) 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 Req 8 Req 9 Req 10 Reg 11 Compute the current ratio and acid-test ratio. (1) Current Ratio Choose Denominator: Choose Numerator: 1 Current Ratio Current assets 1 Current ratio 1 = 0 to 1 (2) Acid-Test Ratio Choose Denominator: Choose Numerator: 1 1 Acid-Test Ratio Acid-Test Ratio 0 to 1 / Reg 1 and 2 Req3 > Prepaid expenses Plant assets, net Total assets mortgage on plant assets 3,050 Common stock 152,300 Retained earnings $ 249,900 Total liabilities and equity 87,000 74,800 $ 249,900 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 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 4 Req 5 Req6 Req 7 Req 8 Req 9 Reg 10 Req 11 Compute the days' sales uncollected. (3) Days' Sales Uncollected Choose Denominator: Days Choose Numerator: 1 Days Sales Uncollected 1 Days sales uncollected 1 0 days On Comition Stockholders' equity. Do Complete this question by entering your answers in the tabs below. Req 1 and 2 Req3 Reg 4 Req 5 Req 6 Req 7 Req 8 Req 9 Reg 10 Req 11 Compute the inventory turnover. (4) Inventory Turnover Choose Denominator: Choose Numerator: 7 1 Inventory Turnover Inventory turnover 0 times 1 Complete this question by entering your answers in the tabs below. Req 1 and 2 Req3 Reg 4 Req 5 Req 6 Req 7 Req 8 Req 9 Req 10 Reg 11 Compute the days' sales in inventory. (5) Days' Sales in Inventory Choose Denominator: Choose Numerator: Days = Days' Sales in Inventory Days' sales in inventory 0 days 1 X = Complete this question by entering your answers in the tabs below. Req 1 and 2 Req3 Reg 4 Req 5 Reg 6 Req 7 Req 8 Reg 9 Reg 10 Req 11 Compute the debt-to-equity ratio. (6) Debt-to-Equity Ratio Choose Denominator: Choose Numerator: = 1 = Debt-to-Equity Ratio Debt-to-equity ratio 0 to 1 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 Req 3 Reg 4 Req 5 Req 6 Req 7 Req 8 Reg 9 Req 10 Req 11 Compute the times interest earned. (7) Times Interest Earned Choose Numerator: Choose Denominator: Times Interest Earned / Times interest earned + / = 0 times equity ano, ( al Telur on common stockholders' equity. (Do not round intermediate calculations.) Complete this question by entering your answers in the tabs below. Req 1 and 2 Req 3 Req 4 Req 5 Req 6 Req 7 Req 8 Req 9 Reg 10 Reg 11 Compute the total asset turnover. (9) Total Asset Turnover Choose Numerator: 1 Choose Denominator: Total Asset Turnover 1 Total asset turnover 1 0 times Prev 24 of 24 1 Neyt Complete this question by entering your answers in the tabs below. Req 1 and 2 Req 3 Req 4 Req 5 Reg 6 Req 7 Req 8 Req 9 Req 10 Req 11 Compute the return on common stockholders' equity. (11) Return on Common Stockholders' Equity Choose Denominator Choose Numerator: Return On Common Stockholders' Equity Return on common stockholders' equity 0 %Step by Step Solution
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