Chapter 17 question 2

Chapter 17-Homework Help 2 Problem 17-4A Calculation of financial statement ratios LO P3 36 points Selected year-end financial December 31, 2016, were Inventory, $50,900; total assets, $199,400, common stock, $82.000, and retained earnings, $36,187) statements of Cabot Corporation follow. (Al sales were on credit; selected balance sheet amounts at Income Statement 31, 2017 Salea Cost of gooda sold Gross profst Print 453,600 298,350 55.250 99, 100 4,300 ng expenses Interest expense Income before taxes Inoneax@8 1,850 30,963 Dalance Sheet Assets Canh hort-term investnents Accounts receivable, net Motes receivable (trade) Merchandise inventory Liabilities and Equity s 17,500 3,400 4,400 5 10,000 Accounts payable ,800 cerued vages payable ,500 2,700 Comnon stock 29,400 Inoome taxes payable 40,150 tong-term note payable, secured by 70,400 nortgage on plant asset Prepaid expenses Plant assets, net Total assets 82,000 67 150 s 244,85e 150,300 Retained earninge 244,850 Total Liabilities and equity