Question: Please help me out with this problem, I really need the asnwers. I'll give a thumbs up. Thank you so much. Selected current year-end financial











Please help me out with this problem, I really need the asnwers. I'll give a thumbs up. Thank you so much.
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, $51,900; total assets, $189,400; common stock, $87,000; and retained earnings, $29,725.) CABOT CORPORATION Income Statement For Current Year Ended December 31 Sales $ 451,600 Cost of goods sold 296,850 Gross profit 154,750 Operating expenses 99, 100 Interest expense 4,700 Income before taxes 50,950 Income tax expense 20,525 Net income $ 30,425 $ Assets Cash Short-term investments Accounts receivable, net Merchandise inventory CABOT CORPORATION Balance Sheet December 31 Liabilities and Equity $ 12,000 Accounts payable 8,400 Accrued wages payable 30,800 Income taxes payable 34,150 Long-term note payable, secured by mortgage on plant assets 2,500 Common stock 148,300 Retained earnings $ 23, 150 Total liabilities and equity 16,500 3,800 4,300 64,400 Prepaid expenses Plant assets, net Total assets 87,000 60,150 $ 236,150 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.) Complete this question by entering your answers in the tabs below. Req 1 and 2 | Req3 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 pose Denominator: Current liabilities Choose Numerator: Current assets Current Ratio I Current ratio 0 to 1 (2) Choose Numerator: Quick assets | 1 Acid-Test Ratio Choose Denominator: Current liabilities = Acid-Test Ratio Acid-Test Ratio 0 to 1 ( Req 1 and 2 Req3 > Req 1 and 2 Req3 Req 4 Req5 Req 5 Rego Req 6 Req 7 Req> Rego Req 8 Req 9 Rega Req 10 Req 10 Req 11 Req 11 | Compute the days' sales uncollected. (3) I Days' Sales Uncollected Choose Denominator: ~ Days Net sales Choose Numerator: Accounts Receivable, net = | Days Sales Uncollected Days sales uncollected 0 days Req 1 and 2 Req3 Req 4 Req 5 Req 6 Rea> Req 7 Req 8 Rego Req 9 Rego Req 10 Req 10 Reg 11 Req 11 | Compute the inventory turnover. (4) Choose Numerator: Cost of goods sold Inventory Turnover Choose Denominator: Average inventory = = | Inventory Turnover Inventory turnover 0 times 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 in inventory. (5) Days' Sales in Inventory x Days = Choose Numerator: Merchandise inventory Choose Denominator: Cost of goods sold | Days' Sales in Inventory Days' sales in inventory 0 days x = Req 1 and 2 Reg 3 Req 4 Reg 5 Reg 6 Req 7 Req 8 Req 9 Req 10 Req 11 Compute the debt-to-equity ratio. (6) Debt-to-Equity Ratio Choose Denominator: Choose Numerator: Total liabilities | Total equity Debt-to-Equity Ratio Debt-to-equity ratio 0 to 1 Req 1 and 2 Reg 3 Req 4 Rega Req5 Rego Req 7 Req> Req 8 Req8 Req 9 Rego Req 10 Req 10 Req 11 Req 11 Compute the times interest earned. (7) Times Interest Earned Choose Numerator: Choose Denominator: Times Interest Earned Income before tax + Interest expense Interest expense Times interest earned 0 times Req 1 and 2 Reg 3 Req 4 Rega Reas Reg 5 Rego Reg 6 Rea> Req 7 Req 8 Rega Reg 9 Rega Req 10 Req 10 Req11 Reg 11 Compute the profit margin ratio. Profit Margin Ratio Choose Numerator: Choose Denominator: | Net sales = = Profit margin ratio Profit margin ratio Net income 0 % Req 1 and 2 Req3 Req 4 Req 5 Req 6 Reg 7 Reg 7 Req 8 Rega Reg 9 Rege Reg 10 Req 10 Reg 11 Reg 11 Compute the total asset turnover. Total Asset Turnover Choose Numerator: Net sales I Choose Denominator: 1 Average total assets = Total Asset Turnover Total asset turnover 0 times Req 1 and 2 Reg 3 Req 4 Req 5 Reg 6 Req 7 Req 8 Req 9 Req 10 Req 11 Compute the return on total assets. (10) Return on Total Assets I Choose Denominator: 1 Average total assets Choose Numerator: Net income = Return on Total Assets Return on total assets 0 % Req 1 and 2 Reg 3 Req 4 Req 5 Req 6 Reg 7 Req 8 Req 9 Req 10 Req 11 Compute the return on common stockholders' equity. (11) Return on Common Stockholders' Equity Return On Common Stockholders' Equity Choose Numerator: Preferred dividends Choose Denominator 1 Average common stockholders' equity Net income Return on common stockholders' equity
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