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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 were

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, $189,400; common stock,$82000; and retained earnings,$43,801) image text in transcribed
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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 were inventory, $51,900, total assets, $189,400; common stock, $82,000, and retained earnings, $43,801) CABOT CORPORATION Income Statement For Current Year Ended December 31 Sales 6454,600 Cost of goods sold 297.750 Gross profit 156,850 Operating expenses 99,000 Interest expense 4,600 Income before taxes 53,250 Income tax expense 21,451 Net Income 31,799 Assets Short-term investments Accounts receivable, net Merchandise inventory Prepaid expenses Plantats, net Total sets CABOT CORPORATION Balance Sheet December 31 Liabilities and Equity $ 12,000 Recounts payable 9,600 Accrued wages payable 34,000 Income taxes payable 34,150 Long-term note payable, secured by mortgage on plant wat 2,450 Common stock 151.300 Retained earnings 243,500 Total liabilities and equity $ 16,500 3,200 2. 200 63,400 02.000 75.600 243.500 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 (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 Reg 3 Reg 4 Reg 5 Reg 6 Reg 7 Reg & Reg 9 Reg 10 Reg 11 Compute the current ratio and acid-test ratio. Choose Numerator: Current Ratio Choose Denominator: - Current Ratio Current ratio - 0 to 1 (2) Choose tlumerator: Acid Test Ratio Choose Denominator: Acid-Test Ratio Acid-Test Ratio Req3 > Required: Compute the following: (1) current ratio, (2) acid-test ratio, (3) days' sales uncollected, (4) inventory turnover. (5) days' sales in (6) debt-to-equity ratio.) times interest earned, (8) profit margin ratio, (9) total asset turnover (10) return on total assets, anc on common stockholders' equity. (Do not round intermediate calculations.) Complete this question by entering your answers in the tabs below. Reg 1 and 2 Reg 3 Reg 4 Reg 5 Reg 6 Reg 7 Reg 8 Req 9 Reg 10 Req 11 Compute the days' sales uncollected. I (3) Choose Numerator: Days' Sales Uncollected Choose Denominator X Days Days Sales Uncollected Days sales uncollected X 0 days Required: Compute the following: (1) current ratio, (2) acid-test ratio, (3) days' sales uncollected, (4) inventory turnover (5) days' sales (6) debt-to-equity ratio, () times interest earned, (8) profit margin ratio, (9) total asset turnover (10) return on total assets, a on common stockholders' 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 Reg 5 Reg 6 Req 7 Reg 8 Reg 9 Req 10 Reg 11 Compute the inventory turnover. (4) Choose Numerator: Inventory Turnover Choose Denominator: Inventory Turnover Inventory turnover 0 times Required: Compute the following: (1) current ratio, (2) acid-test ratio, (3) days' sales uncollected, (4) inventory turnover, (5) days' sales in inver (6) debt-to-equity ratio, 7) times interest earned, (8) profit margin ratio, (9) total asset turnover, (10) return on total assets, and (11) re on common stockholders' equity. (Do not round intermediate calculations.) Complete this question by entering your answers in the tabs below. Reg 1 and 2 Reg 3 Reg 4 Reals Reg 6 Req7 Reg 8 Req 9 Reg 10 Reg 11 Compute the days' sales in inventory. (5) Choose Numerator: Days' Sales in Inventory Choose Denominator: X Days Days' Sales in Inventory Days' sales in inventory o days x Required: Compute the following: (1) current ratio, (2) acid-test ratio, (3) days' sales uncollected, (4) inventory turnover, (5) days' sales in inve (6) debt-to-equity ratio. 7 times interest earned, (8) profit margin ratio (9) total asset turnover, (10) return on total assets, and (11) on common stockholders' equity. (Do not round intermediate calculations.) Complete this question by entering your answers in the tabs below. Reg 1 and 2 Reg 3 Reg 4 Reg 5 Reg 6 Reg 7 Reg 8 Reg 9 Reg 10 Compute the debt-to-equity ratio. Req 11 (6) Choose Numerator: Debt-to-Equity Ratio Choose Denominator: Debt-to-Equity Ratio Debt-to-equity ratio 0 to 1 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) times interest earned, (8) profit margin ratio, (9) total asset turnover (10) return on total assets, and (TN) 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 Reg 3 Reg 4 Reg 5 Reg 6 Reg 7 Req8 Reg 9 Req 10 Reg 11 Compute the times interest earned. Choose llumerator: Times Interest Earned Choose Denominator Times Interest Earned 1 Times interest earned O times C Reg 6 Regs > 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. Reg 1 and 2 Reg 3 Reg 4 Reg 5 Reg 6 Reg 7 Regl's Reg 9 Reg 10 Reg 11 Compute the profit margin ratio. (8) Choose Numerator: Pront Margin Ratio 1 Choose Denominator 1 1 Profit margin ratio Profit margin ratio 0 % 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. (7times 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. Reg 1 and 2 Reg 3 Reg 4 Regs Reg 6 Reg 7 Reg 8 Reap Reg 10 Reg 11 Compute the total asset turnover. (9) Choose Numerator: Total Asset Tumover Choose Denominator: Total Asset Turnover Total asset turnover O times 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 (1) return on common stockholders' equity. (Do not round intermediate calculations.) Complete this question by entering your answers in the tabs below. Reg 1 and 2 Rog 3 Reg4 Regs Rego Compute the return on common stockholders' equity. Reg? Rega Rega Reg 10 Reg 11 Choose bumerator Return on Common Stockholders Choose Denominator - Return On Common Stockholders' Equity Return on common stockholders equity O

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