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please help with this accounting question. Problem 17-4A (Static) Calculating financial statement ratios LO P3 Selected current year-end financial statements of Cabot Corporation follow. (All
please help with this accounting question.
Problem 17-4A (Static) 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, $48,900 total assets. $189,400, common stock $90,000, and retained earnings. $33.748.) CABOT CORPORATION Balance Sheet December 31 of current year Assets Liabilities and Equity Cash $10,000 Accounts payable $17.500 Short-term investments 3,400 Accrued wages payable 3,200 Accounts receivable, net 33,700 Income taxes payable 3,300 Merchandise inventory 32,150 tong term note payable, secured by mortgage on plant assets 63,400 Prepaid expenses 2,650 Common stock 90,000 Plant assets, net 153,300 Retained earnings 62,800 Total assets $ 240,200 Total liabilities and equity $ 200,200 CAROT CORPORATION Income Statement For Current Year Ended December 31 Sales 5448,600 cost of goods sold 297,250 Gross profit 151, 350 Operating expenses 98,600 Interest expense 4,100 Income before taxes 48,650 Income tax expense 19,99 Net Income $ 29,057 Required: Required: Compute the following: (1) current ratio, (2) acid-test ratio. (3) days' seles uncollected (4) inventory turnover (5) days' soles 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 1 and 2 Reg Reg 4 Reg R Red Reg Reg 10 Reg 11 Compute the current ratio and ack-test ratio. Current Ratio Denominator Numerator Current Ratio Coment 101 121 Acio.Test Ratio Denominator Numerat Acid-Test Ratio Acid Test Ratio tot Req3 > Proy 1 of 1 : Next 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. Red 1 and 2 Hec) Red Reg Reg 6 Req Hed Red Red 10 Reg 11 Compute the days sales uncollected cal Days Sales Uncollected Denominator Numerator Days Days Sales Uncollected Days Sales Uncollected days Prov 1 of 1 : Next 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.) Complete this question by entering your answers in the tabs below. Reg 1 and 2 Reg Rec Reg 5 Reg 6 Reg Reg Reg9 Reg 10 Reg 11 Compute the inventory turnover Inventory Turnover Denominator Numerator Inventory Turnover Inventory Turnover times 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 esset 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 Reg RGB Req9 Reg 10 Reg 11 Rea 1 and Reg Rega Dreas Compute the days' sales in Inventory. (5) Numerator: Days Sales In Inventory Denominator: Days Days' Sales in Inventory Days Soles in Inventory 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 1 and 2 Reg 3 Reg 4 Regs Req6 Req 7 Reg 8 Reg 9 Req 10 Reg 11 Compute the debt-to-equity ratio (6) Debt-to-Equity Ratio Denominator: Numerator: = Debt-to-Equity Ratio Debt-to Equity Ratio to 1 Required: Compute the following: (1) current rotio (2) acid-test ratio, (3) days' sales uncollected (4) inventory turnover (5) clays' 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 1 and 2 Rang 3 Req Reg 5 Rego Req7 Reg Reg 9 Reg 10 Reg 11 Compute the times interest earned (7) Times Interest Earned Denominator Numerator Times Interest Earned Timos interest earned times . Net income Required: Compute the following: (1) current ratio (2) acid-test ratio, (3) clays' 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 3 Reg4 Reg 1 and 2 Rina 5 Reg 6 Reg 7 Reg 8 Rog 9 Reg 10 Reg 11 Compute the profit margin ratio (8) Profit Margin Ratio Denominator: Numerator Profit margin ratio Profit margin ratio 1 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 4 Reg 5 Reg 6 Reg 2 Reg B Re9 Reg 10 Req 11 Req 1 and 2 Req Compute the total asset turnover (9) Total Asset Turnover Denominator: Numerator: Total Asset Turnover Total Asset Turnover times 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 1 and 2 Req3 Reg 4 Regs Reg 6 Reg 7 Req 8 Reg 9 Ben 10 Reg 11 Compute the return on total assets. (10) Return on Total Assets Denominator Numerator: Return on Total Assets Return on Total Assets % 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. Rea 1 and 2 Reqs Reg 4 Reg 5 Reg 6 Reg Req8 Reg9 Reg 10 Reg 11 Compute the return on equity Return on Equity Denominator Numerator Return On Equity Return On Equity ( Req 10 Step by Step Solution
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