Question: I need some help with Req 5: ending merchandise inventory and Req 7: Interest Expense! Thanks Selected current year-end financial statements of Cabot Corporation follow.


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. $48,900; total assets, $189,400; common stock, $90,000; and retained earnings. $33,748, 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) retum on equity. (Do not round intermediate calculations.) Complete this question by entering your answers in the tabs below. 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 eamed, (8) profit margin ratio, (9) total asset turnover, (10) return on total assets, and (11) return on equity. (Do not round intermediate calculations.) Complete this question by entering your answers in the tabs below. Compute the days' sales in inventory. Compute the following: (1) current ratio, (2) acid-test ratio, (3) days' sales uncollected, (4) inventory turnover, (5) days' sales in inventory, 5) debt-to-equity ratio, (7) times interest earned, (8) profit margin ratio, (9) total asset turnover, (10) return on total assets, and (11) return in equity. (Do not round intermediate calculations.) Complete this question by entering your answers in the tabs below. Compute the times interest earned
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
