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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
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.) TIN Income Statement For Year Ended December 31, 2017 Sales $448,600 Cost of goods 297,250 sold Cross profit 151,350 Operating 98,600 xpenaes Interent expense 4,100 Income before 48,650 taxes 19,598 Income taxea s 29,052 Net incomp I Balance Sheet December 31, 2017 Liabilities and Equity Accounta payable Assets 10,000 S 17.500 Cash Short-term. Accrued wages payable 8,400 3,200 investmenta Accounts receivable, 29,200 Income taxes payable 3,300 net Notes regeivable (trade) 4,500 Merchandise 32,150 Long-tern note payable, 63,400 inventory secured by mortgage on plant assets Prepaid ex Plant assets, net 2,650 153,300 Common tock 90.000 Retained earninga 62.800 Total liabilities and $240,200 $240,200 Total apaeta equity These are short-term notes recevable arlsing from customer (trade) sales. Required: Compute the following: ()current ratio, (2) acid-test ratio, (3) days sales uncollected, (4) Inventory tumover, (5) days sales in inventory. (6) debt-to-equlty 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.) 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-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 6 Rea 7 Req 8 Rea 9 Rea 11 Req 1 and 2 Req 3 Req 4 Req 5 Req 10 Compute the days' sales in inventory. Days' Sales in Inventory Choose Numerator: Choose Denominator: Days' Sales in Inventory Days Days' Sales in Inventory 2017 0 days Req 6> Req 4 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-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.) answers in the tabs below. Complete this question by entering your Req 1 and 2 Req 3 Req 4 Req 5 Req 6 Req 7 Req 8 Req 9 Req 10 Req 11 Compute the debt-to-equity ratio. Debt-to-Equity Ratio (6) Choose Numerator: Choose Denominator: Debt-to-Equity Ratio Debt-to-Equity Ratio 0 to 1 2017: Req & Req 7 Required: Compute the following: (1) current ratio, (2) acid-test ratio, (3) days' sales uncolllected, (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. Req 3 Req 5 Reg 7 Req 8 Req 9 Req 1 and 2 Req 4 Req 6 Req 10 Req 11 Compute the times interest earned. Times Interest Earned (7) Choose Numerator: Choose Denominator: Times Interest Earned Times interest eamed 2017: oltimes Req 6 Req 8 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-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. Req 3 Req 4 Req 7 Rea 8 Req 9 Reg 1 and 2 Req 5 Req 6 Req 10 Req 11 Compute the profit margin ratio. Profit Margin Ratio (8) Choose Numerator: Choose Denominator: Profit margin ratio Profit margin ratio 2017 0 % Req 7 Req 9 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-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 Req 3 Reg 4 Reg 5 Req 6 Req 7 Req 8 Req 9 Req 10 Reg 11 Compute the total asset tunover. Total Asset Turnover (9) Choose Numerator: Choose Denominator: Total Asset Tunover Total Asset Tumover 2017 0 times Reg 10> Req 8 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-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 intermed iate calculations.) Complete this question by entering your answers in the tabs below. Req 1 and 2 Reg 7 Reg 8 Reg 10 Req 3 Req 4 Req 5 Req 6 Req 9 Reg 11 Compute the return on total assets. (10) Return on Total Assets Choose Denominator: Choose Numerator: Return on Total Assets Retum on Total Assets 2017: 0
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