Question: can you please provide work notes as well, thank you !! Selected current year-end financial statements of Cabot Corporation follow. (All sales were on credit



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. $55.900; total assets. $249.400, common stock. $84.000, and retained earnings. $23,267.) CABOT CORPORATION Income Statement Fon Current Year Ended December 31 Sales $ 456,600 Cost of goods sold 298,450 Gross profit 158, 150 Operating expenses 99,000 Interest expense 4,000 Income before taxes 55,150 Income tax expense 22 217 Net income 32,933 $ Assets Cash Short-term investments Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets CABOT CORPORATION Balance Sheet December 31 Liabilities and Equity $ 8,000 Accounts payable 8,600 Accrued wages payable 28,800 Income taxes payable 34,158 Long-term note payable secured by mortgage on plant assets 2,650 Common stock 153 380 Retained earnings $ 235, 500 Total liabilities and equity 17,500 3,800 3,600 70,400 84,000 56,280 $ 235,500 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 common stockholders' equity (Do not round Intermediate calculations.) Complete this question by entering your answers in the tabs below. Compute the inventory turnover, (4) Choose Numerator Cost of goods sold s Inventory Turnover Choose Denominator Average inventory Inventory Turnover Inventory turnover O times 298,450 Compute the debt-to-equity ratio. Req 6 (6) Debt-to-Equity Ratio Choose Denominator Choose Numerator Total liabilities Total equity Debt-to-Equity Ratio = Debt-to-equity ratio to 1 5 140,200 Compute the times interest eamed. (7) Times Interest Earned Choose Numerator: Choose Denominator Times Interest Earned Accounts receivables, net Current assets Interest expense Times interest earned Otimes Compute the profit margin ratio. (8) Profit Margin Ratio Choose Denominator Choose Numerator: Profit margin ratio Profit margin ratio 0% Ren7 Rea> (9) Total Asset Turnover Choose Denominator: Choose Numerator: Total Asset Turnover Total asset turnover Oltimes 1 Req 1 and 2 Reg 3 Reg 4 Req 5 Reg 6 Reg 7 Reg 8 Reg 9 Reg 10 Req 11 Compute the return on total assets. (10) Return on Total Assets Choose Denominator: Choose Numerator Return on Total Assets Return on total assets 1 1 0 % Red 1 and 2 Req3 Req 4 Reg 5 Reg 6 Req7 Req8 Req 9 Req 10 Reg 1 Compute the return on common stockholders' equity. Return on Common Stockholders' Equity Choose Denominator Choose Numerator .. Return On Common Stockholders Equity Return on common stockholders' equity 0 %
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