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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, $52,900, total assets. $189,400, common stock, $83,000; and retained earnings. $42,418.) CABOT CORPORATION Balance Sheet December 31 of current year Assets Liabilities and Equity Cash $ 16,000 Accounts payable $ 17,500 Short-term investments 8,600 Accrued wages payable 3,000 Accounts receivable, net 31,400 Income taxes payable 2,900 Merchandise inventory 38,150 Long-tern note payable, secured by mortgage on plant assets 70,400 Prepaid expenses 2,850 Common stock 87.000 Plant assets, net 153, 380 Retained earnings 73,500 Total assets $ 250, 300 Total liabilities and equity $ 250, 300 CABOT CORPORATION Income Statement For Current Year Ended December 31 Sales $ 452,600 Cost of goods sold 298,650 Gross profit 154,550 Operating expenses 98,600 Interest expense 3.900 Income before taxes 52,050 Income tax expense 20,968 Niet income $ 31,082 Required: Compute the following: my current ratio (21 acid-test ratio (3) dave' sales uncollected. 141 Inventory turnover (5) davs sales in inventorv. search o # 85 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 (11) return on 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 Req 7 Req8 Reg 9 Roq 10 Reg 11 Compute the current ratio and acid-test ratio. (1) Current Ratio Denominator: Current liabilities Numerator: Current assets Current Ratio 1 Current ratio oto 1 1 = (2) Acid Test Ratio Denominator: Numerator: Acid-Test Ratio Acid-Test Ratio 010 Reg 3 > search O 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 equity. (Do not round intermediate calculations.) Complete this question by entering your answers in the tabs below. Req 1 and 2 Reg 3 Red 4 Reg 5 Reg 6 Reg 7 Req8 Reg9 Req 10 Reg 11 Compute the days' sales uncollected. (3) Days: Sales Uncollected Denominator: Numerator: Days Days Sales Uncollected Days sales uncollected = o days (Reg 1 and 2 Reg 4 > 03 o arch OO RI 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 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 Req7 Reqs Rego Reg 10 Reg 11 Compute the inventory turnover. (4) Inventory Tumover Denominator: Numerator: Inventory Turnover Inventory turnover O times 8 83 to search 0 PM 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 (11) return on 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 Req 6 Req 7 Req8 Req9 Reg 10 Reg 11 Compute the days' sales in inventory. (5) Days. Sales in Inventory Denominator: Numerator: Days Days' Sales in inventory Days sales in inventory o days E 8 search 0 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. (7) times interest earned (8) profit margin ratio, (9) total asset turnover, (t) return on total assets, and (11) return on 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 Reg 10 Reg 11 Compute the debt-to-equity ratio. (6) Debt-to-Equity Ratio Denominator: Numerator: 1 1 1 Debt-to-Equity Ratio Debt-to-equity ratio 0 to 1 83 Oo to search O Compute the following: (1) current ratio, (2) acid-test ratio. (3) days' sales uncollected. (4) inventory turnover, (5) days' sales in ir 5) debt-to-equity ratio. (7) times interest earned, (8) profit margin ratio, (9) total asset turnover (10) return on total assets, and -n equity. (Do not round intermediate calculations.) Complete this question by entering your answers in the tabs below. Req 1 and 2 Reg 3 Req 4 Reg 5 Req 6 Req 7 Req 8 Req9 Req 10 Req 11 Compute the times interest earned. Times Interest Earned Numerator: Denominator: Times Interest Earned Times interest earned 1 = O times arch O Required: Compute the following: (1) current ratio, (2) acid test ratio, (3) days' sales uncollected. (4) Inventory turnover (5) days' sales in in (6) debt-to-equity ratio, ) times interest earned, (8) profit margin ratio, (9) total asset turnover. (10) return on total assets, and (11) on 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 profit margin ratio. (8) Profit Margin Ratio Denominator Numerator Profit margin ratio Profit margin ratio 0 % 9 o TI Required: Compute the following: (1) current ratio, (2) acid-test ratio, (3) days' sales uncollected. (4) Inventory turnover. (5) days' sales in in (6) debt-to-equity ratio, (7) times interest earned. (8) profit margin ratio, (9) total asset turnover, (10) return on total ossets, and on equity. (Do not round intermediate calculatione.) Complete this question by entering your answers in the tabs below. Req 1 and 2 Reg 3 Req 4 Reg 5 Reg 6 Reg 7 Reg 8 Reg 9 Reg 10 Reg 11 Compute the total asset turnover. (9) Total Asset Tumover Denominator: Numerator: Total Asset Turnovor Total asset turnover O times a: C BI Compute the following: (1) current ratio, (2) acid-test ratio, (3) days' sales uncollected, (4) inventory turnover. (5) days' sales in i (6) debt-to-equity ratio, (7) times interest earned. (8) profit margin ratio (9) total asset turnover (10) return on total assets, and on 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 Req 5 Reg 6 Reg 7 Reg 8 Reg 9 Req 10 Reg 11 Compute the return on total assets. (10) Retum on Total Assets Denominator: Numerator: Retum on Total Assets Return on total assets 0 % O RE earch Compute the following: (1) current ratio, (2) acid test ratio, (3) days' sales uncollected. (4) inventory turnover, (5) days' sales in inventa (6) debt-to-equity ratio. (7) times interest earned. (8) profit margin ratio (9) total asset turnover (10) return on total assets, and (11) retu on equity. (Do not round intermediate calculations.) Complete this question by entering your answers in the tabs below. Reg 1 and 2 Req3 Reg 4 Req 5 Reg 6 Req 7 Req8 Reg 9 Reg 10 Req 11 Compute the return on equity. (11) Return On Equity Numerator: Denominator: Return On Equity Return on equity 0 % 1 arch o HI

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