Question: Selected current year - end financial statements o f Cabot Corporation follow. ( A l l sales were o n credit; selected balance sheet amounts
Selected current yearend financial statements Cabot Corporation follow. sales were credit; selected balance sheet amounts December the prior year were inventory, $; total assets, $; common stock, $; and retained earnings, $
CABOT CORPORATIONBalance SheetDecember current yearAssets Liabilities and Equity Cash$ Accounts payable$ Shortterm investmentsAccrued wages payableAccounts receivable, netIncome taxes payableMerchandise inventoryLongterm note payable, secured mortgage plant assetsPrepaid expensesCommon stockPlant assets, netRetained earningsTotal assets$ Total liabilities and equity$
CABOT CORPORATIONIncome StatementFor Current Year Ended December Sales$ Cost goods soldGross profitOperating expensesInterest expenseIncome before taxesIncome tax expenseNet income$
Required:
Compute the following:
current ratio,
acidtest ratio,
days' sales uncollected,
inventory turnover,
days' sales inventory,
debtequity ratio,
times interest earned,
profit margin ratio,
total asset turnover,
return total assets, and
return equity.
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