1 through 11 Selected current year-end financlal statements of Cabot Corporation follow. (All...
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Accounting
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Selected current year-end financlal statements of Cabot Corporation follow. (All sales were on credit; selected balance sheet amounts at December 31 of the prlor year were Inventory, $51,900; total assets, $199,400; common stock, $80,000; and retained earnings, $47,578. Required: Compute the following: (1) current ratio, (2) acid-test ratlo, (3) days' sales uncollected, (4) Inventory turnover, (5) days' sales In Inventory, (6) debt-to-equity ratio, (7) times interest earned, (8) profit margln ratlo, (9) total asset turnover, (10) return on total assets, and (11) return on equity. Note: Do not round Intermedlate calculations
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Selected current year-end financlal statements of Cabot Corporation follow. (All sales were on credit; selected balance sheet amounts at December 31 of the prlor year were Inventory, $51,900; total assets, $199,400; common stock, $80,000; and retained earnings, $47,578. Required: Compute the following: (1) current ratio, (2) acid-test ratlo, (3) days' sales uncollected, (4) Inventory turnover, (5) days' sales In Inventory, (6) debt-to-equity ratio, (7) times interest earned, (8) profit margln ratlo, (9) total asset turnover, (10) return on total assets, and (11) return on equity. Note: Do not round Intermedlate calculations
