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, $52,900, total assets, $179,400, common stock. $85.000 and retained earnings $33,868) CABOT CORPORATION Balance Sheet Decenter of current year Liabilities and Equity $ 3,00 Accounts payable 8,600 Accrued wages payable 30,000 Income tax payable 38,150 Long ternate payable secured by mortgage on plant assets 2,750 Common stock 151,300 Retained earnings 238,00 Total Habilities and equity Assets Cash Short-term investments Accounts receivable net Merchandise inventory Prepaid expenses Plant assets, net Total assets $16.500 3.000 3.100 15,000 $ 230,00 CABOT CORPORATION Income Statement For Current Year Ended December 31 Sales $450,00 Cost of goods sold 298250 Gross profit 152,250 Operating expenses 99,200 Interest expense Incone before taxes 48,450 Incoee tax expense 19.518 Set inco $ 28,932 11 NO Check my work Required: Compute the following: (1) current ratio, (2) acid-test ratio, (3) days' sales uncollected (4) inventory turnover. (5) days' sales in inwentary, (6) debt-to-equity ratio) times interest earned. (8) profit margin ratio. (9) total asset turnover (10) return on total assets, and (1) return on equity. (Do not round Intermediate calculations.) Complete this question by entering your answers in the tabs below. Reg 1 and 2 Req3 Reg 4 Regs Reg 6 Reg Reg Rega Reg 10 Feq11 Compute the current ratio and acid-test ratio, 111 Numerator: Current assets Current Ratio Denominator Current liabilities Current Ratio Current ratio Oto 1 (2) 1 Numerator: Quick assets Acid Test Ratio Denominator: Current abilities = Acid Test Ratio Acid-Test Ratio 0101 1 Help Save & EX Sub Check my work 1 Required: Compute the following: (1) current ratio, (2) acid-test ratio (3) days' sales uncollected (A) inventory turnover (5) days' sales in invertory (6) debt to equity ratio (7) times interest earned. (8) profit margin ratio, 9 total asset turnover (10) retum on total assets, and it retum on equity (Do not round intermediate calculations.) Complete this question by entering your answers in the tabs below. Reg1 and 2 Heg R4 Reg 5 Heg Red Reg He Reg 10 Reg 11 Compute the days' sales uncollected. pi Days Sales Uncollected Denominator Numerator Days Days Sales collected Accounts Receivable encluding current notes receivable from customers Net sales 365 Daye sales uncollected olduys Caydenoty (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 equity. (Do not round intermediate calculations.) Complete this question by entering your answers in the tabs below. Reg 1 and 2 Reg 3 Real Reg 5 Req6 Req7 Req 8 Re9 Reg 10 Reg 11 Compute the inventory turnover. 14) 1 Numerator Cost of goods sold Inventory. Turn Denominator: Average Inventory Inventory Turnover Inventory turnover 0 times 7 Nord 19:10 Tato, (4) 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 equity. (Do not round intermediate calculations.) Complete this question by entering your answers in the tabs below. Req 1 and 2 Reg 3 Reg 4 Regs Reg 6 Req 7 Req8 Req9 Reg 10 Reg 11 Compute the days' sales in inventory. (5) 1 Numerator Ending merchandise inventory Days Sales in Inventory Denominator Cost of goods sold Days 365 = Days' Sales In Inventory Days sales in inventory 0 days = Check my work 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 equity. (Do not round intermediate calculations.) Complete this question by entering your answers in the tabs below. Reg 1 and 2 Reg 5 Reg Reg 3 R6 Reg4 Reg Reg 10 Reg 11 Req9 Compute the debt-to-equity ratio. (5) Debt to Equity Ratio Denominator Nurnerator: - Debit to Equity Ratio Debt-to-equity ratio 0 to 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 earned. (8) profit margin ratio (9) total asset turnover (10) return on total assets, and (It) return on equity. (Do not round intermediate calculations.) Complete this question by entering your answers in the tabs below. Reg 10 Reg 7 Reg 4 Req8 Reg 11 Reg 1 and 2 Reg 3 Reg 5 Reg 9 Reg 6 Compute the profit margin ratio. (8) Profit Margin Ratio Denominator: Numerator: Profit margin ratio Profit margin ratio 0 %
