Question: Could I get help on all 11 or do I need to post all of them? Problem 13-4A Calculation of financial statement ratios LO P3


Problem 13-4A Calculation of financial statement ratios LO P3 Selected year-end financial statements of Cabot Corporation follow. (All sales were on credit: selected balance sheet amounts at December 31, 2016, were inventory, $47.900; total assets, $189.400; common stock, $87,000; and retained earnings, $37,874.) CABOT CORPORATION Income Statement For Year Ended December 31, 2017 Sales $ 449,600 Cost of goods sold 298,550 Gross profit 151,050 Operating expenses 99,500 Interest expense 4,200 Income before taxes 47,350 Income taxes 19,074 Net income $ 28,276 CABOT CORPORATION Balance Sheet December 31, 2017 Liabilities and Equity 8,000 Accounts payable 8,200 Accrued wages payable 32.800 Income taxes payable $ Assets Cash Short-term investments Accounts receivable. net $ 16,500 3,800 4.400 $ Assets Cash Short-term investments Accounts receivable, net Notes receivable (trade)" Merchandise inventory CABOT CORPORATION Balance Sheet December 31, 2017 Liabilities and Equity 8,000 Accounts payable 8, 2ee Accrued wages payable 32,8ee Income taxes payable 6,000 36,150 Long-term note payable, secured by mortgage on plant assets 2,800 Common stock 149,380 Retained earnings $ 243, 250 Total liabilities and equity 16,500 3,800 4,400 65, 4ee Prepaid expenses Plant assets, net Total assets 87, eee 66, 150 $ 243,250 * These are short-term notes receivable arising from customer (trade) sales 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.) Che Complete this question by entering your answers in the tabs below. Req 1 and 2 Req3 Req3 ReQ4 ReqsReq6 Req? Req8 Reg 9 Req9Reg 10 Req 11 Compute the current ratio and acid-test ratio. Current Ratio Choose Denominator: Choose Numerator: = Current Ratio Current ratio 0 to 1 2017: (2) Acid-Test Ratio Choose Denominator: Choose Numerator: = - Acid-Test Ratio Acid-Test Ratio 0 to 1 2017: Red 1 and 2 Req3 >
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