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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 yearwere
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 yearwere Inventory, $47,900; total assets, $189,400; common stock, $81,000; and retalned earnings, $34,953.) 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.) Compute the days' sales in inventory. Compute the debt-to-equity ratio. Compute the times interest earned. 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 yearwere Inventory, $47,900; total assets, $189,400; common stock, $81,000; and retalned earnings, $34,953.) 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.) Compute the days' sales in inventory. Compute the debt-to-equity ratio. Compute the times interest earned. Compute the profit margin ratio
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