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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, $48.900, total assets, $189.400, common stock. $90.000, and retained earnings $33,748.) 5 17.5 CABOT CORPORATION Balance Sheet December 31 of current year Liabilities and Equity $ 10,00 Accounts payable 8.4e Accrued wages payable 33,700 Income taxes payable 32,150 Long-ters note payable, secured by mortgage on piant assets 2,65e common stock 153,388 Retained earnings $240.ee Total liabilities and equity Assets Cash Short-term investments Accounts receivable, net Merchandise inventory Prepaid expenses plant assets, net Total assets 3.300 98 $ 200,00 1 nces CABOT CORPORATION Income Statement For Current Year Ended December 31 Sales $448.600 Cost of goods sold 297, 258 Gross profit 151, 350 Operating expenses 98, 6e Interest expense 4,1ee Income before taxes 48,658 Income tax expense 19,598 Net Income $ 29,052 + Required: Compute the following: (1) current ratio. (2) acid-test ratlo, B) days sales uncollected. (4) Inventory tumover. (5) days sales in Inventory. (6) debt-to-equity ratio. (7) times Interest earned, (3) 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 Req3 Reg 4 Reg 5 Reg 6 Reg 7 Reg 8 Req 9 Reg 10 Req 11 Compute the current ratio and acid-test ratio. (1) Current Ratio Numerator: 1 Denominator Current Ratio H Current Ratio = = 1 to 1 (2) Acid-Test Ratio Numerator: 7 Denominator: Acid-Test Ratio Acid-Test Ratio 1 to 1 PO Req3 > 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, $48.900, total assets, $189.400, common stock. $90.000, and retained earnings $33,748.) 5 17.5 CABOT CORPORATION Balance Sheet December 31 of current year Liabilities and Equity $ 10,00 Accounts payable 8.4e Accrued wages payable 33,700 Income taxes payable 32,150 Long-ters note payable, secured by mortgage on piant assets 2,65e common stock 153,388 Retained earnings $240.ee Total liabilities and equity Assets Cash Short-term investments Accounts receivable, net Merchandise inventory Prepaid expenses plant assets, net Total assets 3.300 98 $ 200,00 1 nces CABOT CORPORATION Income Statement For Current Year Ended December 31 Sales $448.600 Cost of goods sold 297, 258 Gross profit 151, 350 Operating expenses 98, 6e Interest expense 4,1ee Income before taxes 48,658 Income tax expense 19,598 Net Income $ 29,052 + Required: Compute the following: (1) current ratio. (2) acid-test ratlo, B) days sales uncollected. (4) Inventory tumover. (5) days sales in Inventory. (6) debt-to-equity ratio. (7) times Interest earned, (3) 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 Req3 Reg 4 Reg 5 Reg 6 Reg 7 Reg 8 Req 9 Reg 10 Req 11 Compute the current ratio and acid-test ratio. (1) Current Ratio Numerator: 1 Denominator Current Ratio H Current Ratio = = 1 to 1 (2) Acid-Test Ratio Numerator: 7 Denominator: Acid-Test Ratio Acid-Test Ratio 1 to 1 PO Req3 >

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