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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, $49,900; total assets, $209,400; common stock, $83,000; and retained earnings, $27,091.)

CABOT CORPORATION Balance Sheet December 31 of current year Assets Liabilities and Equity Cash $ 10,000 Accounts payable $ 17,500 Short-term investments 8,600 Accrued wages payable 4,800 Accounts receivable, net 32,200 Income taxes payable 4,300 Merchandise inventory 36,150 Long-term note payable, secured by mortgage on plant assets 70,400 Prepaid expenses 2,550 Common stock 83,000 Plant assets, net 147,300 Retained earnings 56,800 Total assets $ 236,800 Total liabilities and equity $ 236,800

CABOT CORPORATION Income Statement For Current Year Ended December 31 Sales $ 451,600 Cost of goods sold 298,150 Gross profit 153,450 Operating expenses 99,100 Interest expense 4,600 Income before taxes 49,750 Income tax expense 20,041 Net income $ 29,709 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.)image text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedimage text in transcribed

Selected current year-end financlal statements of Cabot Corporation follow. (All sales were on credit; selected balance sheet amounts at December 31 of the prior year were Inventory, $49,900; total assets, $209,400; common stock, $83,000; and retained earnings, $27,091. Requlred: 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 ratlo, (7) times interest earned, (8) profit margin ratlo, (9) total asset turnover, (10) return on total assets, and (11) return on equity. (Do not round Intermedlate calculations.) Complete this question by entering your answers in the tabs below. Compute the return on equity. Selected current year-end financlal statements of Cabot Corporation follow. (All sales were on credit, selected balance sheet amount: at December 31 of the prior year were Inventory, $49,900; total assets, $209,400; common stock, $83,000; and retalned earnings, $27,091. Requlred: 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) returi on equity. (Do not round Intermedlate calculations.) Complete this question by entering your answers in the tabs below. Compute the return on total assets. Selected current year-end financlal statements of Cabot Corporation follow. (All sales were on credit, selected balance sheet amounts at December 31 of the prior yearwere Inventory, $49,900; total assets, $209,400; common stock, $83,000; and retained earnings, $27,091. Requlred: 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 Intermedlate calculations.) Complete this question by entering your answers in the tabs below. Compute the total asset turnover. 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, $49,900; total assets, $209,400; common stock, $83,000; and retained earnings, $27,091. Requlred: Compute the following: (1) current ratlo, (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 intermedlate calculations.) Complete this question by entering your answers in the tabs below. Compute the profit margin ratio. 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, $49,900; total assets, $209,400; common stock, $83,000; and retained earnings, 527,091. Requlred: 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 Intermedlate calculations.) Complete this question by entering your answers in the tabs below. Compute the times interest earned. Selected current year-end financlal statements of Cabot Corporation follow. (All sales were on credit, selected balance sheet amounts at December 31 of the prior year were Inventory, $49,900; total assets, $209,400; common stock, $83,000; and retained earnings, $27,091. 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) returl on equity. (Do not round Intermedlate calculations.) Complete this question by entering your answers in the tabs below. Compute the debt-to-equity ratio. Selected current year-end financlal statements of Cabot Corporation follow. (All sales were on credit, selected balance sheet amounts at December 31 of the prior year were Inventory, $49,900; total assets, $209,400; common stock, $83,000; and retained earnings, $27,091. Requlred: Compute the following: (1) current ratlo, (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 ratlo, (9) total asset turnover, (10) return on total assets, and (11) return on equity. (Do not round Intermedlate calculations.) Complete this question by entering your answers in the tabs below. Compute the days' sales in inventory. 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, $49,900; total assets, $209,400; common stock, $83,000; and retained earnings, $27,091. Requlred: 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 Intermedlate calculations.) Complete this question by entering your answers in the tabs below. Compute the inventory turnover. Selected current year-end financial statements of Cabot Corporation follow. (All sales were on credit; selected balance sheet amounts it December 31 of the prior year were Inventory, $49,900; total assets, $209,400; common stock, $83,000; and retained earnings, (27,091) Pequlred: 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 ratlo, (9) total asset turnover, (10) return on total assets, and (11) return on equity. (Do not round Intermedlate calculations.) Complete this question by entering your answers in the tabs below. Compute the days' sales uncollected. Selected current year-end financlal statements of Cabot Corporation follow. (All sales were on credit; selected balance sheet amounts at December 31 of the prior year were inventory, $49,900; total assets, $209,400; common stock, $83,000; and retained earnings, $27,091. Requlred: 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 ratlo, (9) total asset turnover, (10) return on total assets, and (11) return on equity. (Do not round Intermedlate calculations.) Complete this question by entering your answers in the tabs below. Compute the current ratio and acid-test ratio

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