part 2

IAL STATEMENT ANALYSIS Saved Problem 13-4A Calculating financial statement ratios LO P3 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, $189.400, common stock, $84,000, and retained earnings, $44,111) CABOT CORPORATION Income Statement For Current Year Ended December 31 Sales 5 455,600 Cost of goods sold 298,450 Gross profit 157. 15e Operating expenses 99, Jee Interest expense 4,700 Income before taxes 53, 15e Income tax expense 21,411 Net income $ 31,739 Short-ters Investments Accounts receivable, net Merchandise inventory CABOT CORPORATION Balance Sheet December 31 Liabilities and Equity $ 22,000 Accounts payable 8,200 Accrued wages payable 32,000 Income taxes payable 42,150 Long-term note payable, secured by mortgage on plant assets 2.700 Common stock 151,300 Retained earnings $ 258,350 Total liabilities and equity 19,50 4,000 4,600 70,400 Prepaid expenses plant assets, net Total assets 84.000 75,850 $ 250, 350 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 that Complete this question by entering your answers in the tabs below. Reg 1 and 2 e 3 Reg 4 Regs Rea? Reqs Reqareg 10 q11 Compute the debt-to-equity ratio 16 Choose Numerator Debt to Enully Ratio Choose Denominator - Debito. Equity Natio Debt-to-equity to & Reas Rey7 > Complete this question by entering your answers in the tabs below Reg 1 and 2 Req3 Reg 4 ROGA Reas Road Reg 6 Reg 7 Rear Reg B Reas Rega Reg 10 Rea 10 Reg 11 Reg 11 Compute the times interest earned. Times Interest Earned Choose Denominator: Choose Numerator: - Times Interest Earned Times Interest eamed Complete this question by entering your answers in the tabs below. Reg 1 and 2 Reg 2 Reg 4 Regs Reg 6 Reg Rega Req Req 10 Reg 11 Compute the profit margin ratio. Numar Profit Margin Ratio Chinose Denominator - Profit margin ratio Profit margin ratio ( Req? Reg9 > 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. Req 1 and 2 Reg 3 Reg4 Reg 5 meg mag o Reg 6 ne ? Reg Regs Rag Reg 9 Ron 9 Reg 10 Reg 10 Ruc Compute the total asset turnover Choose Numerator: Total Asset Turnover Choose Denominator - Total Asset Tumover Total selve Complete this question by entering your answers in the tabs below Res and 2 R3 Reas Hello Rea? Reqs Rege Req 10 Reg 11 Compute the return on total assets Return on Total Assets Choose Denominator Choose Namesto - Renon Total Assets PARTMEN T ( Res Res 11 >