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i cant figure out what the current assets would be. any help? external_browser=0&launchurl=https%253A%252F%252Fims.mh.... signment #5 - Chapter 17 Saved Help Save & El Check my

i cant figure out what the current assets would be. any help? image text in transcribed
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external_browser=0&launchurl=https%253A%252F%252Fims.mh.... signment #5 - Chapter 17 Saved Help Save & El Check my work mode : This shows what is correct or incorrect for the work you have completed so far. It does not indicate completion. Submit 9 Return to question 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, $49,900; total assets, $229,400: common stock. $84,000, and retained earnings, $40,380.) CABOT CORPORATION Income Statement For Current Year Ended December 31 Sales $ 449,600 Cost of goods sold 297,350 Gross profit 152, 250 Operating expenses 98,500 Interest expense 4,400 Income before taxes 49,350 Income tax expense 19,880 Net income $ 29,470 Assets Cash Short-term investments Accounts receivable, net Merchandise inventory CABOT CORPORATION Balance Sheet December 31 Liabilities and Equity 20,000 Accounts payable 8,600 Accrued wages payable 33,200 Income taxes payable 36,150 Long-term note payable, secured by mortgage on plant assets 2,600 Common stock 150, 300 Retained earnings $ 250,850 Total liabilities and equity 17,500 4.800 3,300 71,400 Prepaid expenses Plant assets, net Total assets 84,000 69,850 $ 250,850 a UNELI TU! the work you have completed so far. It does not indicate completion. Return to question 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.) Answer is not complete. Complete this question by entering your answers in the tabs below. Req 1 and 2 Req3 Req 4 Reg 5 Req 6 Reg 7 Reg 8 Req Req 10 Reg 11 Compute the current ratio and acid-test ratio. (1) Current Ratio Choose Numerator: Choose Denominator: Current assets Current liabilities $ 153,850 $ 25,600 Current Ratio Current ratio 6.0 to 1 (2) Choose Numerator: Acid Test Ratio Choose Denominator: Current liabilities 25,600 Quick assets $ Acid-Test Ratio Acid-Test Ratio 24 to 1 61,800 DC Y stv 15

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