Question: HELP!!! Problem 17.4A (Algo) Calculating financial statement ratios LO P3 Selected current year-end financial statements of Cabot Corporation follow. (All sales were on credit; selected











Problem 17.4A (Algo) Calculating financial statement ratios LO P3 Selected current year-end financial statements of Cabot Corporation follow. (All sales were on credit; selected baiance sheet amounts at December 31 of the prior yearwere inventory, $51,900; total assets, $219,400 : common stock, $85,000; and retained earnings. $40,150. Required: Compute the following: (1) current ratio, (2) acid-test ratio, (3) days' sales uncollected, (4) inventory turnover, (5) days' sales in inventory (G) debt-to-equity ratio, (7) times interest earned, (8) profit margin ratio, (9) total asset fumover, (10) retum on total assets, and (II) returin on equity. Note: Do not round intermediate calculations. Complete this question by entering your answers in the tabs bolow. Note: Do not round intermediate calculations. Complete this question by entering your answers in the tabs below. Compute the current ratio and acid-test ratio. on tquity. Note: Do not round intermediate calculations. Complete this question by entering your answers in the tabs below. Compute the days' sales uncollected. MI 4iuity. Note: Do not round intermedlate calculations. Complete this question by entering your answers in the tabs below. Compute the inventory turnover. on equily. Note: Do not round intermediate calculations. Complete this question by entering your answers in the tabs below. Compute the days' sales in inventory. Complete this question by entering your answers in the tabs below. Compute the debt-to-equity ratio. Complete this question by entering your answers in the tabs below. Compute the times interest eamed Complete this question by entering your answers in the tabs below. Compute the profit margin ratio. on equity. Note: Do not round intermediate calculations. Complete this question by entering your answers in the tabs below. Compute the total asset turnover. on equity. Note: Do not round intermediate calculations. Complete this question by entering your answers in the tabs below. Compute the return on total assets On Equity. Note: Do not round intermediate calculations. Complete this question by entering your answers in the tabs below. Compute the return on equity. Problem 17.4A (Algo) Calculating financial statement ratios LO P3 Selected current year-end financial statements of Cabot Corporation follow. (All sales were on credit; selected baiance sheet amounts at December 31 of the prior yearwere inventory, $51,900; total assets, $219,400 : common stock, $85,000; and retained earnings. $40,150. Required: Compute the following: (1) current ratio, (2) acid-test ratio, (3) days' sales uncollected, (4) inventory turnover, (5) days' sales in inventory (G) debt-to-equity ratio, (7) times interest earned, (8) profit margin ratio, (9) total asset fumover, (10) retum on total assets, and (II) returin on equity. Note: Do not round intermediate calculations. Complete this question by entering your answers in the tabs bolow. Note: Do not round intermediate calculations. Complete this question by entering your answers in the tabs below. Compute the current ratio and acid-test ratio. on tquity. Note: Do not round intermediate calculations. Complete this question by entering your answers in the tabs below. Compute the days' sales uncollected. MI 4iuity. Note: Do not round intermedlate calculations. Complete this question by entering your answers in the tabs below. Compute the inventory turnover. on equily. Note: Do not round intermediate calculations. Complete this question by entering your answers in the tabs below. Compute the days' sales in inventory. Complete this question by entering your answers in the tabs below. Compute the debt-to-equity ratio. Complete this question by entering your answers in the tabs below. Compute the times interest eamed Complete this question by entering your answers in the tabs below. Compute the profit margin ratio. on equity. Note: Do not round intermediate calculations. Complete this question by entering your answers in the tabs below. Compute the total asset turnover. on equity. Note: Do not round intermediate calculations. Complete this question by entering your answers in the tabs below. Compute the return on total assets On Equity. Note: Do not round intermediate calculations. Complete this question by entering your answers in the tabs below. Compute the return on equity
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
