Question: will rate good , pls make sure i can see the whole work pls! Problem 13-4A Calculating financial statement ratios LO P3 Selected current year-end
Problem 13-4A Calculating financial statement ratios LO P3 Selected current year-end financial statements of Cabot Corporation follow. (All sales were on credit selected balance sheet amount at December 31 of the prior year were inventory, $56,900: total assets. $219,400; common stock $82,000; and retained earnings, $39,106) CABOT CORPORATION Income Statement For Current Year Ended December 31 Sales $ 449,600 Cost of goods sold 297,550 Gross profit 152,050 Operating expenses 99,500 Interest expense 4.500 Income before taxes 48,050 Income tax expense 19,356 Net Income $ 28,694 Assets Cash Short-term investments CABOT CORPORATION Balance Sheet December 31 Liabilities and Equity $ 20,000 Accounts payable 8,400 Accrued wages payable 15,500 4,400 Assets Cash Short-ters Investments Accounts receivable, net Merchandise inventory CABOT CORPORATION Balance Sheet December 31 Liabilities and Equity $ 20,000 Accounts payable 8.400 Accrued wages payable 31,400 Income taxes payable 34,150 Long-tern note payable, secured by mortgage on plant assets 3,052 Common stock 147,380 Retained earnings 5 246,300 Total liabilities and equity $ 15,500 4,400 4,200 70,400 Prepaid expenses plant assets, net Total assets 82,000 67.800 5 244,300 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 (16) 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. Reg 1 and 2 Rn
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
