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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 31 of the prior
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 $47.900, total assets. $239,400. common stock $86,000; and retained earnings. $27.825) Sales CADOT CORPORATION Income statement e Corrent Year Ended December 31 $450,00 Cost of goods sold 7,50 Gross profit 153,750 Operating expenses 98.500 Interest expense Income before takes 50,950 Income tax repente 20.525 Net income 10,425 19.500 4,000 Assets Cash Short-term Investments Accounts receivable, net Merchandise inventory CABOT CORPORATION Balance Sheet December 11 Liabilities and Equity $ 22,000 Accounts payable 2,200 Accred wages payable 29,100 Income taxes payable 30,150 Long-tern note payable, secured by mortgage en plant assets 2.600 Con stock 147300etained warnings $ 241,00 Total Vibilities and equity 69.400 Prepaid expen Plant assets, net Total auto 86,00 58.250 $ 241,050 Required: Compute the following (1) current ratio (2) acid-test ratio, B) days' sales uncollected. (4) inventory tumovet (5) days sales in inventory 16) debt-to-equity ratio) 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.) on common stockholders' 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 Reg 5 Reg 6 Reg? Req8 Reg 9 Reg 10 Reg 11 Compute the days' sales in Inventory (5) Choose Numerator: Days' Sales in Inventory Choose Denominator X X x Days Days Salos in Inventory = Days' sales in inventory days Req6 > Req4 Complete this question by entering your answers in the tabs below. Reg 9 Reg 11 Reg 10 Reg 7 Reg 8 Reg 1 and 2 Reu Reg4 Regs Red 6 Compute the debt-to-equity ratio (6) Debt-to:Equity Ratio Choose Denominator: Choose Numerator Debt-to Equity Ratio Detto equity ralio oto 1 common stockholders' equity (Do not round intermediate calculations.) Complete this question by entering your answers in the tabs below. Red 1 and 2 Reg 3 Reg4 Red 5 Reg 6 Reg 7 Reg 8 Reg 9 Reg 10 Reg 11 Compute the times interest earned, (7) Times Interest Earned Choose Numerator 1 Choose Denominator: Times Interest Earned Times interest earned o times (6) debt to equity ratio, times interest earned (8) profit margin ratio (9) total asset forno on common stockholders' equity. (Do not round intermediate calculations.) Complete this question by entering your answers in the tabs below. Reg Reg 3 Ren? Req9 Red 11 Reg4 Reg 6 Regs Reg 10 R 1 and 2 Compute the profit margin ratio (0) Profit Margin Ratio Choose Denominator Choose Numerator Profit margin ratio Profit margin ratio 09
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