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. $51,900; total assets, $229,400. common stock. $85,000, and retained earnings, $33,452) CABUT CORPORATION Income Statement For Current Year Ended December 31 Sales $ 451,600 Cost of goods sold 298,850 Gross profit 153,550 Operating expenses 98,790 Interest expense 4,700 Income before taxes 50, 150 Income tax expense 20, 202 Net income $ 29,948 Assets Cash Short-term investments Accounts receivable, net Merchandise inventory CABOT CORPORATION Balance Sheet December 31 Liabilities and Equity $ 14,900 Accounts payable 9,400 Accrued lages payable 33,400 Income taxes payable 40,150 Long-term note payable, secured by mortgage on plant assets 3,050 Common stock 147.300 Retained earnings $ 247, 300 Total liabilities and wity $ 19,500 4.680 4,400 70,00 Prepaid expenses Plant assets, net Total assets BS, 000 63.400 $ 247.300 Required: Compute the following: current ratio, 12) acid-test ratio, 3) days sales uncollected (4) inventory turnover (5) days sales in inventory (6) debt-to-equity ratio: 7 times interesteaed, 8) profit margin ratio (9) totale turnovec (10) retum on total assets, and return on common stockholders equity. (Do not found intermediate calculations.) 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 eamed (8) profit margin ratio, (9) total asset turnover (10) return on total assets, and (I) return on common stockholders' equity (Do not round Intermediate calculations.) Complete this question by entering your answers in the tabs below. Req3 Req6 Reg 7 Req9 Reg 10 Req Reqs Regs Req 1 and 2 Requi Compute the current ratio and add-test ratio. 19 Current Ratio Choose Numerator Choose Denominator Current Ratio Current ratio to 1 Acid-Test Ratio Choose Denominator Choose Numerator Acid-Test Ratio Acid-Test Ratio to! Reg 3 > 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 Reqs Reg4 Reg Reqs Reg 7 Rega Reg 9 Reg 10 Reg i Compute the days' sales uncollected Choose Numerator Days! Sales Uncollected Choose * Days Denominator Days Sales Uncollected Days sale uncollected 1 1 daya Required: Compute the following: (1) current ratio, (2) acid-test ratio. (3) days sales uncodected (4) inventory turnover day sales in inventor (6) debt-to-equity ratio (7) times interest eamed, (a) profit margin ratio (9) total asset turnovec) retum on total assets and retur on common stockholders equity (Do not round intermediate calculations) Complete this question by entering your answers in the tabs below. R11 Reg Red 10 Reg 7 Regs Reg4 Reg 6 Rees R3 RQ1 and 2 Compute the inventory turnover Inventory Turnov Choose Denominator Choose Numerator Inventory Turner Inventory tumove = mes Reg 3 Rey 5 > Required: Compute the following: (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. (B) profit margin ratio, (9) total asset turnovec, (10) return on total assets, and (m) return on common stockholders' equity. (Do not round Intermediate calculations.) Complete this question by entering your answers in the tabs below. Reg 7 Reg 6 Req Reg9 Regs Reg 11 Red 10 Raq 1 and 2 og Compute the day sales in Inventory Days Sales in Inventory Choose Denominator: x Days Cheese Numerator Days' Sales in Inventory Days' sales in inventory 1 1 days Required: Compute the following: current ratio, (2) acid-test ratio, (3) days' sales uncollected (4) inventory turnover (5) days' sales in inventory. (5) debt-to-equity ratio. 7 times interest eamed. 8 profit margin ratio) total asset turnover (10) return on total assets, and (T) return on common stockholders' equity (De not round Intermediate calculations) Cumplete the etion by entering your wars in the the below. 10 Re11 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 eamed (8) profit margin ratio (9) total asset turnover (10) return on total assets, and (tt) return on common stockholders' equity. (Do not round Intermediate calculations.) Complete this question by entering your answers in the tabs below. Reg1 and 2 Req Reg4 Regs R6 Reg Reqs Regg Reg 10 Reg 11 Compute the profit margin ratio Bregina Chouse Denis Praterin Cheese Numer Pole margina Reg? Red> 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. Raq Req Reg 1 and 2 Regs RA Req7 Reg 11 Req8 Reg9 Req 10 Compute the total asset turnover. Total Asset Turnov Choose Denominator Chaete Numerator Total Asset Turnover Total asset turnover times
