Selected year-end financial statements of Cabot Corporation follow. (All sales were on credit, selected balance sheet amounts at December 31, 2016, were inventory, $48,900, total assets, $189,400, common stock, $90,000; and retained earnings, $22,748) CABOT CORPORATION points Income Statement For Year Ended December 31, 2817 Sales $448,600 Cost of goods sold Gross profit Operating expenses Interest expense 297,250 151,350 98,600 eBook 4,180 48,650 19,598 $ 29,052 Income before taxes Pont Income taxes Net income Refenences CABOT CORP0RATION Balance Sheet December 31, 2817 Liabilities and Equity Accounts payable Accrued wages payable Income taxes payable Assets Cash Short-tern investments Accounts receivable, net Notes receivable (trade) Merchandise inventory $ 10,e00 8,40e 29,200 $ 17,500 3,200 3, 300 4,see Long-term note payable, secured by mortgage on plant assets Common stock Retained earnings 32,15e 63,400 Prepaid expenses Plant assets, net Total assets 2,650 153, 300 90,e0 62,800 $240,200 $240,200 Total liabilities and equity These are short-term notes receivable arising from customer (trade) sales. 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.) 5 polnts ollook Complete this question by entering your answers in the tabs below. Print Req 1 and 2 Req 3 Req 4 Req 5 Req 6 Req 7 Req 8 Req 9 Req 10 Req 11 Compute the current ratio and acid-test ratio. Roforences (1) Current Ratio Choose Numerator Choose Denominator Current Ratio Current Ratio 2017: to 1 (2) Acid-Test Ratio Choose Numerator: /Choose Denominator: Acid-Test Ratio Acid-Test Ratio 2017 to 1 Reg 1 end2 Req 3 CO These are short-term notes receivable arising from customer (trade) sales. 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-equilty 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.) points Complete this question by entering your answers in the tabs below. ellook Pent Req 1 and 2 Req 3 Req 4 Req 5 Req 6 Req 7 Req Req 9 Req 10 Req 11 Compute the days' sales uncollected. Reterences (3) Days Sales Uncollected Choose Denominator Choose Numerator Days Days Sales Uncollected Days Sales Uncollected 2017: days Req 1 and 2 Req 4
