NEED ALL 11

M08 Ch 13 Homework i Saved Help Save & Exit Submit 2 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, $47,900; total assets, $169,400; common stock, $84,000; and retained earnings, $42,962.) 15 points X 00:32:51 CABOT CORPORATION Income Statement For Current Year Ended December 31 Sales $ 448,600 Cost of goods sold 298,350 Gross profit 150,250 Operating expenses 99,200 Interest expense 4,600 Income before taxes 46,450 Income tax expense Net income $ 27,738 18,712 eBook Assets Cash Short-term investments Accounts receivable, net Merchandise inventory CABOT CORPORATION Balance Sheet December 31 Liabilities and Equity $ 20,000 Accounts payable 9,200 Accrued wages payable 32,000 Income taxes payable 34,150 Long-term note payable, secured by mortgage on plant assets 2,950 Common stock 147,300 Retained earnings $ 245,600 Total liabilities and equity $ 16,500 4,200 4,800 65,400 Prepaid expenses Plant assets, net Total assets 84,000 70,700 $ 245,600 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. 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 (11) return on common stockholders' equity. (Do not round intermediate calculations.) 15 points Complete this question by entering your answers in the tabs below. & 00:32:30 Req 1 and 2 Req 3 Reg 4 Req 5 Req 6 Req 7 Req 8 Req 9 Req 10 Reg 11 Compute the current ratio and acid-test ratio. eBook (1) Current Ratio Choose Denominator: Choose Numerator: 1 Current Ratio / Current ratio 1 to 1 (2) Acid-Test Ratio Choose Denominator: Choose Numerator: 7 = Acid-Test Ratio Acid-Test Ratio to 1 KROG 1 and 2 Req3 >