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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, $219,400; common stock, $87,000; and retained earnings, $37,537.) Assets Cash Short-term investments Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets CABOT CORPORATION Balance Sheet December 31 of current year Liabilities and Equity $ 18,000 Accounts payable 8,400 Acerved wages payable 31,000 Income taxes payable 38,150 Long-term note payable, secured by mortgage on plant assets 2,550 Common stock 150,300 Retained earnings $ 248,400 Total liabilities and equity $ 19,500 4,600 3,400 65,400 87,000 68,500 $ 248,400 CABOT CORPORATION Income Statement For Current Year Ended December 31 Sales $ 452,600 Cost of goods sold 297,550 Gross profit 155,050 Operating expenses 99,100 Interest expense 4,100 Income before taxes 51.850 Income tax expense 20,BB7 Net income $ 30,963 Required:
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. Req 1 and 2 Reg 3 Reg 4 Req5 Reg 6 Reg 7 Reg 8 Reg 9 Reg 10 Reg 11 Compute the current ratio and acid-test ratio. Current Ratio Denominator: Numerator: 1 Current Ratio Current ratio to 1 / 2 (2) Acid-Test Ratio Denominator: Numerator: Acid-Test Ratio Acid-Test Ratio to 1 1 Rea 1 Req3 >
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. Req 1 and 2 Reg 3 Reg 4 Regs Reg 6 Req? Reg 8 Reg 9 Reg 10 Reg 11 Compute the days' sales uncollected (3) Numerator: Days Sales Uncollected Denominator Days Days Sales Uncollected Days salos uncollected days 1 < Req 1 and 2 Reg 4 >
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. (16) 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 Red 4 Reg 5 Reg 6 Reg 7 Reg 8 Reg 9 Reg 10 Reg 11 Compute the inventory turnover Inventory Turnover Denominator: Numerator: 7 Inventory Turnover Inventory turnover times < Req3 Req5 >
Required: Compute the following: (1) current ratio, (2) acid-test ratio, (3) days' soles 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. Req 1 and 2 Reg 3 Reg 4 Req5 Req6 Req? Reg 8 Req 9 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 days = < Req4 Reg 6 >
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. Req 1 and 2 Reg 3 Reg 4 Reqs Reg 6 Reg 7 Reg 8 Reg 9 Reg 10 Req 11 Compute the debt-to-equity ratio. (6) Numerator Debt-to-Equity Ratio Denominator Debt-to-Equity Ratio Debt-to-equity ratio to 1 < Req5 Req7 >
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. Reqs Reg 6 Req7 Req 8 Reg 9 Req 10 Reg 11 Req 1 and 2 Req 3 Reg 4 Compute the times interest earned. (7) Times Interest Earned Numerator: Denominator: 1 Times Interest Earned Times interest earned times 1 < Req6 Req8 >
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 Reg 7 Reg 8 Reg 9 Reg 10 Reg 11 Compute the profit margin ratio (8) Profit Margin Ratio Donominator: Numerator: Profit margin ratio Profit margin ratio 1 % < Reg 7 Reg9 >
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 (16) 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. Req3 Reg 4 Reg 1 and 2 Reg 5 Reg 11 Reg 7 Reg 6 Req8 Reg 10 Reg 9 Compute the total asset turnover. (9) Total Asset Turnover Denominator Numerator: 1 1 Total Asset Turnover Total asset turnover times 1 < Reg Reg 10 >
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 (16) 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. Reqs Reg 6 Reg 7 Reg 8 Req9 Reg 10 Reg 11 Reg 1 and 2 Reg 3 Reg4 Compute the return on total assets (10) Numerator: Return on Total Assets Denominator Return on Total Assets Return on total assets % < Req9 Reg 11 >
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 Req4 Regs Reg 6 Req? Reg 8 Reg 9 Reg 10 Reg 11 Compute the return on equity. (11) Return on Equity Denominator Numerator: Return On Equity Return on equity % < Req 10