Question: Problem 13-4A Calculating financial statement ratios P3 Selected current year-end financial statements of Cabot Corporation foliow. AIt sales were on credit; selected balance sheet amioninti
Problem 13-4A Calculating financial statement ratios P3 Selected current year-end financial statements of Cabot Corporation foliow. AIt sales were on credit; selected balance sheet amioninti at December zi of the priar yrar were inventory, 548,900 ; total assets, 5189,400; common stock, 390,000 ; and retained earnings, 333,748 . Required Compute the following: (1) current ratio, (2) acid-test ratio, (3) days' sales uncollected, (4) inventory turnover, (5) days' sales in inveatory, (6) debt-to-equity ratio, (7) times interest earned, (B) profit margin ratio, (9) total asset turnover, (10) return on total assets, and (11) return on equity, Round to one decimal place; for part 6 , round to two decimals. Check Acid-test ratio, 2.2 to 1: Inventory turnovir. 7.3
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