Question: I need help with this assignment!!! I tried doing it on my own but can't even get passed the first part. Selected current yearend nancial











I need help with this assignment!!! I tried doing it on my own but can't even get passed the first part.











Selected current yearend nancial statements of Cabot Corporation follow. (All sales were on credit; selected balance sheet amounts at December 31 of the prior year were inventory, $49,900; total assets, $209,400; common stock, $81,000; and retained earnings, $43,875.) CABOT CORPORATION Income Statement For Current Year Ended December 31 Sales $ 456,600 Cost of goods sold 298,250 Gross profit 158,350 Operating expenses 98,900 Interest expense 4,900 Income before taxes 54,550 Income tax expense 21,975 Net income $ 32,575 CABOT CORPORATION Balance Sheet December 31 Assets Liabilities and Equity Cash 5 16,000 Accounts payable 5 16,500 Shortterm investments 9,200 Accrued wages payable 4,400 Accounts receivable, net 32,800 Income taxes payable 3,400 Merchandise inventory 40,150 Longterm note payable, secured by 66,400 mortgage on plant assets Prepaid expenses 2,700 Common stock 81,000 Plant assets, net 147,300 Retained earnings 76,450 Total assets $ 248,150 Total liabilities and equity $ 248,150 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.) x Answer is not complete. Complete this question by entering your answers in the tabs below. Req 1 and 2 Req 3 Req 4 Req 5 Req 6 Req 7 Req 8 Reg 9 Req 10 Req 11 Compute the current ratio and acid-test ratio. (1) Current Ratio Choose Numerator: Choose Denominator: = Current Ratio Current assets V Current liabilities = Current ratio 55,825 X $ 24,300 = 2.3 to 1 (2) Acid-Test Ratio Choose Numerator: 1 Choose Denominator: = Acid-Test Ratio Quick assets Current liabilities = Acid-Test Ratio $ 58,000 X $ 24,300 = 2.4 to 1 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.) X Answer is not complete. Complete this question by entering your answers in the tabs below. Req 1 and 2 Req 3 Req 4 Req 5 Req 6 Req 7 Req 8 Req 9 Req 10 Req 11 Compute the days' sales uncollected. (3) Days' Sales Uncollected Choose 1 Choose Numerator: Denominator: X Days = Days Sales Uncollected X Days sales uncollected X = 0 days 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.) x Answer is not complete. Complete this question by entering your answers in the tabs below. Req 1 and 2 Req 3 Req 4 Req 5 Req 6 Req 7 Req 8 Req 9 Req 10 Req 11 Compute the inventory turnover. (4) Inventory Turnover Choose Numerator: 1 Choose Denominator: Inventory Turnover = Inventory turnover S 0 times 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.) x Answer is not complete. Complete this question by entering your answers in the tabs below. Req 1 and 2 Req 3 Req 4 Reg 5 Req 6 Req 7 Reg 8 Req 9 Req 10 Req 11 Compute the days' sales in inventory. (5) Days' Sales in Inventory. Choose Numerator: Choose Denominator: X Days Days' Sales in Inventory X Days' sales in inventory X 0 days 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) prot margin ratio, (9) total asset turnover, (10) return on total assets, and (11) return on common stockholdersr equity. (Do not round intermediate calculations.) 0 Answer is not complete. Complete this question by entering your answers In the tabs below. Req 1 and 2 Req 8 Req 10 Req 11 Compute the prot margin ratio. ratio / = 0 % 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.) X Answer is not complete. Complete this question by entering your answers in the tabs below. Req 1 and 2 Req 3 Req 4 Req 5 Req 6 Req 7 Req 8 Req 9 Req 10 Req 11 Compute the total asset turnover. (9) Total Asset Turnover Choose Numerator: Choose Denominator: = Total Asset Turnover Total asset turnover S 0 times 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.) x Answer is not complete. Complete this question by entering your answers in the tabs below. Req 1 and 2 Req 3 Req 4 Req 5 Req 6 Req 7 Req 8 Req 9 Req 10 Req 11 Compute the return on total assets. (10) Return on Total Assets Choose Numerator: Choose Denominator: Return on Total Assets = Return on total assets = 0 % Req 9 Req 11 >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.) x Answer is not complete. Complete this question by entering your answers in the tabs below. Req 1 and 2 Req 3 Req 4 Req 5 Req 6 Req 7 Req 8 Req 9 Req 10 Req 11 Compute the return on common stockholders' equity. (11) Return on Common Stockholders' Equity. Choose Numerator: Choose Denominator = Return On Common Stockholders' Equity Return on common stockholders' equity 0 %
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