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please help me! I didn't know if I could do seperate questions since each answer relates to the next Selected year-end financial statements of Cabot
please help me! I didn't know if I could do seperate questions since each answer relates to the next
Selected year-end financial statements of Cabot Corporation follow. (All sales were on credit: selected balance sheet amounts at December 31, 2016, were inventory. $48.900: total assets. $189.400; common stock, $90,000: and retained earnings. $22,748.) CABOT CORPORATION Income Statement For Year Ended December 31, 2017 Sales $ 448,600 Cost of goods sold 297, 256 Gross profit 151,350 Operating expenses 98,600 Interest expense Income before taxes 48,550 Income taxes 19,595 Net income 29,092 $ Assets Lash Short-term investments Accounts receivable. net Notes receivable (trade) Merchandise inventory 12.See 8200 B, see CABOT CORPORATION Balance Sheet December 31, 201 Liabilities and Equity 10,800 Accounts payable 8.400 Accrued wages payable 20,200 Incone taxes payable 4,500 32,150 Long-term note payable, secured by mortgage on plant assets 2,658 Common stock 158, 398 Retained earnings $ 200, 2008 Total liabilities and equity 03.100 be Prepaid expenses Piant assets. net Total assets | 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 unco ected. (4) inventory turnover (5) days sales in inventory. (6) debt-to-equity ratio, 17) times interest earneo. (@) profit margin ratio. (9) tota asset turnover (10) return on tota assets, and (11) return on common stockholders eduity. (Do not round Intermediate calculations.) Compute the current ratio and acid-test ratio. (1) Current Ratio Choose Numerator: 7 Choose Denominator: Current Ratio 1 Current Ratio 2017: = to (2) Acid-Test Ratio Choose Numerator: Choose Denominator: Acid-Test Ratio Ac d-Test Ratio 2017: ta nog Compute the days' sales uncollected. Days Sales Uncollected Choose Denominator: Days Choose Numerator: Days Sales Uncollected Days Ecles Uncollected 2017: Ceys Regland 2 Compute the inventory turnover. W Inventory Tumover Choose Numerator: Choose Denominator: Inventory Turnover Inventanylurnove 2017: Les Romeo Compute the days sales in inventory. (5) Days' Sales in Inventory Choose Numeratori Choose Denominator: Days 11 Days Sales in inventory Days" sa es n Inventory 100 = = 2017: GaysStep by Step Solution
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