PLease hep ..need answers asap. Promise its all one question.
Selected year-end financial statements of Cabot Corporation follow. (All sales were on credit; selected balance sheet amounts at December 31, 2016, were inventory, $46,900, total assets, $179,400, common stock, $85,000, and retained earnings, $45,416.) CABOT CORPORATION Income Statement For Year Ended December 31, 2017 Sales $448,600 Cost of goods sold 297,450 Gross profit 151, 150 Operating expenses 99,400 Interest expense 3,800 Income before taxes 47,950 Income taxes 19,316 Net income $ 28,634 CABOT CORPORATION Balance Sheet December 31, 2017 Liabilities and Equity 8,000 Accounts payable 9,400 Accrued wages payable $ $ 16,500 3,400 30,200 Income taxes payable 4,200 Assets Cash Short-term investments Accounts receivable, net Notes receivable (trade)* Merchandise inventory Prepaid expenses Plant assets, net Total assets 70,400 8,000 42,150 Long-term note payable, secured by mortgage on plant assets 2,500 Common stock 153,300 Retained earnings $253,550 Total liabilities and equity 85,000 74,050 $253,550 * 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 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 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. Req 1 and 2 Req 3 Req 4 Req 5 Req 6 Req 7 Req 8 Req 9 Req 10 Reg 11 Compute the current ratio and acid-test ratio. (1) Current Ratio Choose Denominator: Choose Numerator: I = = = Current Ratio Current ratio 2017: I to 1 (2) Acid-Test Ratio Choose Denominator: Choose Numerator: = = = Acid-Test Ratio Acid-Test Ratio to 1 2017: 1 Req 1 and 2 Req3 > Complete this question by entering your answers in the tabs below. Req 1 and 2 Req3 Req 4 Req 5 Req 6 Req 7 Req 8 Req 9 Req 10 Req 11 Compute the days' sales uncollected. (3) Days' Sales Uncollected Choose Denominator: X Days Choose Numerator: = Days Sales Uncollected = Days sales uncollected 2017: days Complete this question by entering your answers in the tabs below. Req 1 and 2 Req 3 Req 4 Req 5 Req 6 Req 7 Req 8 Req 9 Req 10 Reg 11 Compute the inventory turnover. (4) Inventory Turnover Choose Denominator: Choose Numerator: = Inventory Turnover Inventory turnover times 2017: Complete this question by entering your answers in the tabs below. Req 1 and 2 Req 3 Req 4 Req 5 Req 6 Req 7 Req 8 Req 9 Req 10 Req 11 Compute the days' sales in inventory. (5) Days' Sales in Inventory Choose Denominator: Days Choose Numerator: = = Days' Sales in Inventory Days' sales in inventory days 2017: Complete this question by entering your answers in the tabs below. Req 1 and 2 Req3 Req 4 Req 5 Req 6 Req 7 Req 8 Reg 9 Req 10 Reg 11 Compute the debt-to-equity ratio. ................... Debt-to-Equity Ratio I Choose Denominator: Choose Numerator: = Debt-to-Equity Ratio Debt-to-equity ratio to 1 2017: Complete this question by entering your answers in the tabs below. Req 1 and 2 Req3 Req 4 Req 5 Req 6 Req 7 Req 8 Req9 Req 10 Req 11 Compute the profit margin ratio. (8) Profit Margin Ratio Choose Denominator: Choose Numerator: = = Profit margin ratio Profit margin ratio 2017: Complete this question by entering your answers in the tabs below. Req 1 and 2 Req 3 Req 4 Req 5 Req5 Req 6 Req6 Req 7 Req? Req 8 Req 8 Req 9 Req 9 Req 10 Req 11 Req 11 Compute the total asset turnover. (9) Total Asset Turnover Choose Denominator: Choose Numerator: = Total Asset Turnover Total asset turnover 1 2017: times Complete this question by entering your answers in the tabs below. Req 1 and 2 Req3 Req 4 Req 5 Req 6 Req 7 Req 8 Req 9 Req 10 Req 11 Compute the return on total assets. (10) Choose Numerator: Return on Total Assets Choose Denominator: = = = Return on Total Assets Return on total assets 2017: I Complete this question by entering your answers in the tabs below. Req 1 and 2 Req3 Req 4 Req 5 Req 6 Req 7 Req 8 Req 9 Req 10 Req 11 Compute the return on common stockholders' equity. (11) Choose Numerator: Return on Common Stockholders' Equity Choose Denominator = Return On Common Stockholders' Equity = Return on common stockholders' equity 2017: Req 10 Req 11 )
