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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 year

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 \$55,9 ; total assets, $189,400; common stock$89,000 and retained earnings38,032 )
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Return to question 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, $55,900; total assets, $189,400; common stock. $89,000, and retained earnings. $38,032.) CABOT CORPORATION Income Statement For Current Year Ended December 31 Sales $ 450, 600 Cost of goods sold 297,150 Gross profit 153,450 Operating expenses 99,300 Interest expense 4,300 Income before taxes 49,850 Income tax expense 20,082 $ 29, 768 Net income $ Assets Cash Short-term investments Accounts receivable, net Merchandise inventory CABOT CORPORATION Balance Sheet December 31 Liabilities and Equity $ 20,000 Accounts payable 9,200 Accrued wages payable 29,400 Income taxes payable 38,150 Long-term note payable, secured by mortgage on plant assets 2,550 Common stock 149,300 Retained earnings $ 248,600 Total liabilities and equity 16.500 3.800 4,100 67.400 89.000 67,800 $ 248, 600 Prepaid expenses Plant assets, net Total assets D JTU alcate completion Total assets Total 11apilities and equity Return to que Required: Compute the following: (1) current ratio, (2) acid-test ratio. (3) days' sales uncollected. (4) inventory turnover, (5) days' sales in invente (6) debt-to-equity ratio. (7) times interest earned, (8) profit margin ratio, (9) total asset turnover (10) return on total assets, and (11) ret on common stockholders' equity. (Do not round intermediate calculations.) Answer is not complete. Complete this question by entering your answers in the tabs below. Reg 9 Req 1 and 2 Req 6 Req 10 Req8 Reg 4 Req 11 Reg 3 Req 7 Reg 5 Compute the inventory turnover.. (4) Choose Numerator: Cost of goods sold 29,400 Inventory Turnover Choose Denominator: Average inventory 450,600 Inventory Turnover Inventory turnover 0.1 times - Reg 5 > Return to question 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.) * Answer is not complete. Complete this question by entering your answers in the tabs below. Req 1 and 2 Req3 Req 4 Req 5 Req6 Req9 Reg 10 Req 11 Compute the times interest earned. (7) Times Interest Earned Times interest leamed Times Interest Earned Choose Numerator: Choose Denominator: Income before tax Interest expense Interest expense 54,150 + 4,3001 - Reqs > 0 times Required: Compute the following: (1) current ratio, (2) acid-test ratio, (3) days' sales uncollected, (4) inventory turnover 6) debt-to-equity ratio, (7) times interest earned, (8) profit margin ratio, (9) total asset turnover, (10) return o on common stockholders' equity. (Do not round intermediate calculations.) X Answer is not complete. Complete this question by entering your answers in the tabs below. Req 1 and 2 Req3 Req 4 Req 5 Reg 6 Req 7 Req 8 Reg 9 Req 10 Compute the profit margin ratio. (8) Profit Margin Ratio Choose Denominator: Choose Numerator: Profit margin ratio Profit margin ratio 205.8 Net income Net sales $ 450,600 219,000 Reg9 > ( Req9

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