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missing information: Liabilities and equity: Accounts payable: 17,500 | Accrued wages payable: 3,000 | income tax payable: 2,900 | long-term note payable, secured by...: 72,400
missing information:
Liabilities and equity:
Accounts payable: 17,500 | Accrued wages payable: 3,000 | income tax payable: 2,900 | long-term note payable, secured by...: 72,400 | common stock: 81,000 | retained earnings: 67,050 | total liabilities and equity: 243,850
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 yearwere Inventory, $47,900; total assets, $189,400; common stock, $81,000; and retalned earnings, $34,953.) Requlred: 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 Intermedlate calculations.) Compute the current ratio and acid-test ratio. Compute the days' sales uncollected. Compute the inventory turnover
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