W Chapter 13 - Homework D Sign In ezto.mheducation.com Question 4 - Chapter 13 - Homework - Connect how to take screenshot of mac - Google Search Saved Help Save & Exit Submit 4 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, $49,900; total assets, $209,400; common stock, $88,000; and retained earnings, $30,660.) Check my work 1.25 points cBook Assets Cash Short-term investments Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net CABOT CORPORATION Balance Sheet December 31 of current year Liabilities and Equity $ 14,000 Accounts payable $ 16,500 8,000 Accrued wages payable 2,800 29,400 Income taxes payable 4,700 42,150 2,800 151,300 Long-term note payable, secured by mortgage on plant assets Common stock 71,400 88,000 Retained earnings 64,250 $ 247,650 Total liabilities and equity $ 247,650 CABOT CORPORATION Total assets Print References Mc Graw Hill Income Statement For Current Year Ended December 31 Sales Cost of goods sold Gross profit Operating expenses Interest expense Income before taxes Income tax expense Net income Required: $ 456,600 296,950 159,650 99,000 4,400 56,250 22,660 $ 33,590 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 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 < Prev 4 of 8 Next >