Selected year-end financial statements of Cabot Corporation follow. (All sales were on credit; selected balance sheet amounts
Question:
Selected year-end financial statements of Cabot Corporation follow. (All sales were on credit; selected balance sheet amounts at December 31, 2017, were inventory, $48,900; total assets, $189,400; common stock, $90,000; and retained earnings, $22,748.)
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,
(11) Return on common stockholders? equity. Round to one decimal place; for part 6, round to two decimals.
Financial StatementsFinancial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial...
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Related Book For
Financial Accounting Information for Decisions
ISBN: 978-1259917042
9th edition
Authors: John J. Wild
Question Posted: