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Selected current year - end financial statements of Cabot Corporation follow. ( All sales were on credit; selected balance sheet amounts at December 3 1
Selected current yearend financial statements of Cabot Corporation follow. All sales were on credit; selected balance sheet amounts at December of the prior year were inventory, $; total assets, $; common stock, $; and retained earnings, $
CABOT CORPORATION
Balance Sheet
December of current year
Liabilities and Equity
Accounts payable
Accrued wages payable $
Income taxes payable
Longterm note payable, secured by mortgage on plant assets
Common stock
Retained earnings
Total liabilities and equity
Required:
Compute the following: current ratio, acidtest ratio, days' sales uncollected, inventory turnover, days' sales in inventory, debttoequity ratio, times interest earned, profit margin ratio, total asset turnover, return on total assets, and return on equity.
Note: Do not round intermediate calculations.
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Compute the days' sales uncollected.
tableDays' Sales UncollectedNumerator:Denominator:,Days,Days Sales UncollectedCost of goods sold,SDays sales uncollected days
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