Question: Need help with this question 5 Selected current year-end financial statements of Cabot Corporation follow. (All sales were on credit; selected balance sheet amounts at

Need help with this question

Need help with this question 5 Selected current year-end financial statements of

5 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, $55,900; total assets, $199,400, common stock, $87,000, and retained earnings, $41,270.) oints CABOT CORPORATION Income Statement For Current Year Ended December 31 Sales $ 450, 600 Cost of goods sold 297, 850 eBook Gross profit 152, 750 Operating expenses 99, 200 Interest expense 4, 100 Income before taxes 49, 450 Print Income tax expense 19,920 Net income $ 29, 530 References CABOT CORPORATION Balance Sheet December 31 Assets Liabilities and Equity Cash $ 14,000 Accounts payable $ 18 , 500 Short-term investments 9,400 Accrued wages payable 3, 200 Accounts receivable, net 31, 200 Income taxes payable 3, 200 Merchandise inventory 40,150 Long-term note payable, secured by 66, 400 mortgage on plant assets Prepaid expenses 3,050 Common stock 87, 000 Plant assets, net 151, 300 Retained earnings 70, 800 Total assets $ 249,100 Total liabilities and equity $ 249, 100 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.) 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

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