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i really need help on this please? all of em are part of one question which us number 6 Selected current year-end financial statements of
i really need help on this please?
all of em are part of one question which us number 6
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, $51,900; total assets. $229,400; common stock, $90,000; and retained earnings. $26,947) 300 olences Assets Canh Short-term investments Accounts receivable, not Merchandise inventory Prepaid oxpenses Plant assets, net Total asseta CADOT CORPORATION Balance Sheet December 31 of current year Liabilities and Equity $ 10,000 Accounts payable 8,200 Accrued wages payable 33,600 Income taxes payable 32,150 Long-term note payablo, secured by mortgage on plant assets 2,850 Common stock 150,300 Retained earnings $ 245,100 Total liabilities and equity 18,500 4,000 4.700 71.400 90,000 55,200 5.245,100 CABOT CORPORATION Income Statement For Current Year Ended December 31 Salon $ 449,600 Cost of goods sold 297,850 Gross profit 151, 750 Operating expenses 99,600 Interest expense 4,000 Income before taxes 48,150 Income tax expense 19,397 Net income $ 28,753 Net Income BV 2 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 (17) return on equity. (Do not round intermediate calculations.) toos Complete this question by entering your answers in the tabs below. Req6 Reg 7 Regs Reg 9 Reg 10 Reg 11 Req 1 and 2 Req3 Reg 4 Reg 5 Compute the current ratio and acid-test ratio (1) Numerator: Current assets Current Ratio Denominator: / Current abilities / Current Ratio Current ratio - oto 1 (2) Acid-Test Ratio Denominator: Numerator: Acid-Test Ratio Acid-Test Ratio 0 to 1 interest expense Income before taxes Income tax expense Net income BMW 40,150 1992 5 28.753 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 return on equity. (Do not round Intermediate calculations.) Complete this question by entering your answers in the tabs below. Req ROQ Reg Reg 6 Reg 10 Req11 Reg 3 Reg 5 Reg 4 Req 1 and 2 Compute the days' sales uncollected. (3) Days Sales Uncollected Denominator: Days Days Salies Uncollected Numerator Days salos uncollected 0 days 1 Reg 4 > Reg 1 and 2 6 interest expense Income before taxes Income tax expense Net Income 40,150 19397 $ 28,753 2 oints 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.) eBook References Complete this question by entering your answers in the tabs below. Req8 Reg 11 Reg 9 Reg 6 Reg 10 Reqs Reg 3 Req7 Reg 1 and 2 Reg 4 Compute the inventory turnover. (4) Inventory Turnover Denominator Numerator: = Inventory Turnover Inventory turnover O times 6 Interest expense Income before taxes Income tax expense Net Income VVU 48,150 19.397 5 28,75) 2 mints Required: Compute the following: (1) current ratio, (2) acid-test ratio, (3) days soles 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.) Book References Complete this question by entering your answers in the tabs below. Regs Reg 10 Reg 11 Reg 7 Reg 5 Reg 9 Reg 6 Reg 3 Reg 4 Reg 1 and 2 Compute the days' sales in Inventory. (5) Days' Sales In Inventory Denominator: Dayo Numerator: 1 x Days' Sales In Inventory Days' sales in inventory o days x 1 Req6 > 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 Req 7 Req8 Reg9 Reg 10 Reg 4 Req 5 Reg 11 Req 1 and 2 Reg 3 Compute the times interest earned, Times Interest Earned (7) 1 Denominator: Times Interest Earned Numerator: Times interest eamed O times 1 INCOME RULO BASE Income tax expense Net income 19,397 $ 28,753 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. Req 10 Req8 Reg 11 Reg 9 Reg 5 Reg 6 Req3 Reg 4 Reg 2 Req 1 and 2 Compute the profit margin ratio. (8) Profit Margin Ratio Denominator: Numerator: Profit margin ratio Profit margin ratio 0 % Net income $ 28,753 Required: Compute the following: (1) current ratio, (2) acid-test ratio, (3) days' sales uncollected. (4) Inventory turnover. (5) days' sales in (6) debt-to-equity ratio. (7) times interest earned, (8) profit margin ratio, (9) total asset turnover (10) return on total assets, and on equity. (Do not round Intermediate calculations.) Complete this question by entering your answers in the tabs below. Req 1 and 2 Reg 3 Reg 4 Reg 5 Reg 6 Req? Req8 Reap Reg 10 Reg 11 Compute the total asset turnover. (9) Total Asset Turnover Denominator: Numerator = / = Total Asset Turnover Total asset tumover o times Income tax expense Net Income Oy 19,397 $ 28,753 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 (1) return on equity. (Do not round Intermediate calculations.) Complete this question by entering your answers in the tabs below. Req 1 and 2 Reg 4 Reg 5 Req 6 Req 7 Reg 6 Req3 Req9 Reg 10 Reg 11 Compute the return on total assets. (10) Return on Total Assets Denominator: Numerator: 1 Return on Total Assets Return on total assets 0 % Selected current year and financial statements of Cabot Corporation follow. (All sales were on credit selected balance sheet amounts at December 31 of the prior year were inventory, $51,900: total assets. $229,400, common stock. $90,000, and retained earnings $26.947) 12 points eBook References Assets Cash Short-term investments Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets CABOT CORPORATION Balance Sheet December 31 of current year Liabilities and Equity $10,000 Accounts payable 8,200 Accrued wages payable 33,600 Income taxes payable 32,150 Long-term note payable, secured by mortgage on plant anneta 2,850 Common stock 150,100 Retained earnings $ 245,100 Total liabilities and equity 18,500 4.000 4,700 71,400 90,000 55.700 6245,100 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 99,600 Interest expense 4.000 Income before taxes 48,150 Income tax expense 19,397 Net income $ 28,753 Required: Compute the following: (1) current ratio, (2) acid-test ratio, (3) days' s. as 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 inn not round Intermediate calculations, 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, $51,900; total assets. $229,400; common stock, $90,000; and retained earnings. $26,947) 300 olences Assets Canh Short-term investments Accounts receivable, not Merchandise inventory Prepaid oxpenses Plant assets, net Total asseta CADOT CORPORATION Balance Sheet December 31 of current year Liabilities and Equity $ 10,000 Accounts payable 8,200 Accrued wages payable 33,600 Income taxes payable 32,150 Long-term note payablo, secured by mortgage on plant assets 2,850 Common stock 150,300 Retained earnings $ 245,100 Total liabilities and equity 18,500 4,000 4.700 71.400 90,000 55,200 5.245,100 CABOT CORPORATION Income Statement For Current Year Ended December 31 Salon $ 449,600 Cost of goods sold 297,850 Gross profit 151, 750 Operating expenses 99,600 Interest expense 4,000 Income before taxes 48,150 Income tax expense 19,397 Net income $ 28,753 Net Income BV 2 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 (17) return on equity. (Do not round intermediate calculations.) toos Complete this question by entering your answers in the tabs below. Req6 Reg 7 Regs Reg 9 Reg 10 Reg 11 Req 1 and 2 Req3 Reg 4 Reg 5 Compute the current ratio and acid-test ratio (1) Numerator: Current assets Current Ratio Denominator: / Current abilities / Current Ratio Current ratio - oto 1 (2) Acid-Test Ratio Denominator: Numerator: Acid-Test Ratio Acid-Test Ratio 0 to 1 interest expense Income before taxes Income tax expense Net income BMW 40,150 1992 5 28.753 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 return on equity. (Do not round Intermediate calculations.) Complete this question by entering your answers in the tabs below. Req ROQ Reg Reg 6 Reg 10 Req11 Reg 3 Reg 5 Reg 4 Req 1 and 2 Compute the days' sales uncollected. (3) Days Sales Uncollected Denominator: Days Days Salies Uncollected Numerator Days salos uncollected 0 days 1 Reg 4 > Reg 1 and 2 6 interest expense Income before taxes Income tax expense Net Income 40,150 19397 $ 28,753 2 oints 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.) eBook References Complete this question by entering your answers in the tabs below. Req8 Reg 11 Reg 9 Reg 6 Reg 10 Reqs Reg 3 Req7 Reg 1 and 2 Reg 4 Compute the inventory turnover. (4) Inventory Turnover Denominator Numerator: = Inventory Turnover Inventory turnover O times 6 Interest expense Income before taxes Income tax expense Net Income VVU 48,150 19.397 5 28,75) 2 mints Required: Compute the following: (1) current ratio, (2) acid-test ratio, (3) days soles 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.) Book References Complete this question by entering your answers in the tabs below. Regs Reg 10 Reg 11 Reg 7 Reg 5 Reg 9 Reg 6 Reg 3 Reg 4 Reg 1 and 2 Compute the days' sales in Inventory. (5) Days' Sales In Inventory Denominator: Dayo Numerator: 1 x Days' Sales In Inventory Days' sales in inventory o days x 1 Req6 > 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 Req 7 Req8 Reg9 Reg 10 Reg 4 Req 5 Reg 11 Req 1 and 2 Reg 3 Compute the times interest earned, Times Interest Earned (7) 1 Denominator: Times Interest Earned Numerator: Times interest eamed O times 1 INCOME RULO BASE Income tax expense Net income 19,397 $ 28,753 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. Req 10 Req8 Reg 11 Reg 9 Reg 5 Reg 6 Req3 Reg 4 Reg 2 Req 1 and 2 Compute the profit margin ratio. (8) Profit Margin Ratio Denominator: Numerator: Profit margin ratio Profit margin ratio 0 % Net income $ 28,753 Required: Compute the following: (1) current ratio, (2) acid-test ratio, (3) days' sales uncollected. (4) Inventory turnover. (5) days' sales in (6) debt-to-equity ratio. (7) times interest earned, (8) profit margin ratio, (9) total asset turnover (10) return on total assets, and on equity. (Do not round Intermediate calculations.) Complete this question by entering your answers in the tabs below. Req 1 and 2 Reg 3 Reg 4 Reg 5 Reg 6 Req? Req8 Reap Reg 10 Reg 11 Compute the total asset turnover. (9) Total Asset Turnover Denominator: Numerator = / = Total Asset Turnover Total asset tumover o times Income tax expense Net Income Oy 19,397 $ 28,753 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 (1) return on equity. (Do not round Intermediate calculations.) Complete this question by entering your answers in the tabs below. Req 1 and 2 Reg 4 Reg 5 Req 6 Req 7 Reg 6 Req3 Req9 Reg 10 Reg 11 Compute the return on total assets. (10) Return on Total Assets Denominator: Numerator: 1 Return on Total Assets Return on total assets 0 % Selected current year and financial statements of Cabot Corporation follow. (All sales were on credit selected balance sheet amounts at December 31 of the prior year were inventory, $51,900: total assets. $229,400, common stock. $90,000, and retained earnings $26.947) 12 points eBook References Assets Cash Short-term investments Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets CABOT CORPORATION Balance Sheet December 31 of current year Liabilities and Equity $10,000 Accounts payable 8,200 Accrued wages payable 33,600 Income taxes payable 32,150 Long-term note payable, secured by mortgage on plant anneta 2,850 Common stock 150,100 Retained earnings $ 245,100 Total liabilities and equity 18,500 4.000 4,700 71,400 90,000 55.700 6245,100 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 99,600 Interest expense 4.000 Income before taxes 48,150 Income tax expense 19,397 Net income $ 28,753 Required: Compute the following: (1) current ratio, (2) acid-test ratio, (3) days' s. as 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 inn not round Intermediate calculations Step by Step Solution
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