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I need help please Selected year-end financial statements of Cabot Corporation follow. (All sales were on credit. selected balance sheet amounts at December 31, 2014,
I need help please
Selected year-end financial statements of Cabot Corporation follow. (All sales were on credit. selected balance sheet amounts at December 31, 2014, were inventory, $53,900, total assets, $179,400, common stock, $83,000, and retained earnings, $47,474.) CABOT CORPORATION Income Statement For Year Ended December 31, 2015 Sales $ 454,600 Cost of goods sold 297,550 Gross profit Operating expenses Interest expense 157,050 98,600 4,400 Income before taxes Income taxes 54,050 21,774 Net income $ 32,276 $ 17,500 CABOT CORPORATION Balance Sheet December 31, 2015 Liabilities and Equity $ 22,000 Accounts payable 8,800 Accrued wages payable 33,400 Income taxes payable 3,500 Long-term note payable, secured 36,150 by mortgage on plant assets 2,900 Common stock 151,300 Retained earnings 4.200 Assets Cash Short-term investments Accounts receivable, net Notes receivable (trade)" Merchandise inventory Prepaid expenses Plant assets, net 3,200 70,400 83,000 79,750 Total assets $ 258,050 Total liabilities and equity $ 258,050 These are short-term notes receivable arising from customer (trade) sales 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.) (1) Current Ratio Choose Denominator: Choose Numerator: I = = Current Ratio Current ratio 2015: (2) Choose Numerator: Acid-Test Ratio 1 Choose Denominator: - Acid-Test Ratio Acid-test ratio 2015: to 1 (3) Days Sales Uncollected Choose Denominator X Days Choose Numerator: - Days Sales Uncollected Days sales uncollected 2016: 0 days Inventory Turnover Choose Denominator: Choose Numerator: = Inventory Turnover Inventory turnover times 2015: Days' Sales in Inventory 1 Choose Denominator: x Days Choose Numerator: = = Days' Sales in Inventory Days' sales in inventory 0 days 2015: (6) Debt-to-Equity Ratio Choose Denominator: Choose Numerator: = Debt-to-Equity Ratio Debt-to-equity ratio to 1 2015: Times Interest Earned Choose Numerator: Choose Denominator: - Times Interest Earned Times interest earned = 2015: times Choose Numerator: Profit Margin Ratio Choose Denominator: - Profit margin ratio Profit margin ratio 2015: (9) Choose Numerator: Total Asset Turnover Choose Denominator: = Total Asset Turnover Total asset turnover times 2015: (10) Choose Numerator: Return on Total Assets Choose Denominator: = Return on Total Assets Return on total assets 2015: Choose Numerator: Return on Common Stockholders' Equity Choose Denominator Return On Common Stockholders' Equity = Return on common stockholders' equity 2015
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