Please do not give image format and solve all required CABOT CORPORATIONIncome StatementFor Current Year Ended December 31$ 455,600297,150SalesCost of goods soldGross profitOperating expensesInterest expenseIncome before taxesIncome tax expenseNet incomeAssetsCashShort-term investmentsAccounts receivable, netMerchandise inventoryPrepaid expensesPlant assets, netTotal assets$158,45099,6004,20054,65022,01532,635$CABOT CORPORATIONBalance SheetDecember 31Liabilities and Equity20,000 Accounts payable9,200 Accrued wages payable28,800 Income taxes payable34,150Long-term note payable, secured bymortgage on plant assets3,000Common stock153,300 Retained earnings$ 248,450 Total liabilities and equity$15,5004,8004,50065,40086,00072,250$ 248,450 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) returnon common stockholders' equity. (Do not round intermediate calculations.)Complete this question by entering your answers in the tabs below.Req 1 and 2Compute the current ratio and acid-test ratio.(1)Req 3(2)Choose Numerator:Choose Numerator:Req 4Req 1 and 2 Req 3Choose Numerator:1IReq 4Req 5Current Ratio/Choose Denominator:11Req 6Acid-Test Ratio1 Choose Denominator:71Compute the days' sales uncollected.(3)GReq 5Show Transcribed TextComplete this question by entering your answers in the tabs below.Req 6Req 7X=Required:Compute the following: (1) current ratio, (2) acid-test ratio, (3) days' sales uncollected, (4) inventory turnover, (5) days' sales in i(6) debt-to-equity ratio. (7) times interest earned. (8) profit margin ratio, (9) total asset turnover, (10) return on total assets, andon common stockholders' equity. (Do not round intermediate calculations.)XDays' Sales UncollectedChoose Denominator: x Days< Req 1 and 2Current RatioCurrent ratioAcid-Test Ratio= Acid-Test RatioReq 8Req 7to 1==Req 9to 1CReq 10Req 8= Days Sales UncollectedDays sales uncollecteddaysReq 4 >Req 9Req 11Req 10Req 11

CABOT CORPORATION Income Statement For Current Year Ended December 31 $ 455,600 297,150 Sales Cost of goods sold Gross profit Operating expenses Interest expense Income before taxes Income tax expense Net income Assets Cash Short-term investments Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets $ 158,450 99,600 4,200 54,650 22,015 32,635 $ CABOT CORPORATION Balance Sheet December 31 Liabilities and Equity 20,000 Accounts payable 9,200 Accrued wages payable 28,800 Income taxes payable 34,150 Long-term note payable, secured by mortgage on plant assets 3,000 Common stock 153,300 $ 248,450 Total liabilities and equity Retained earnings $ 15,500 4,800 4,500 65,400 86,000 72,250 $ 248,450

CABOT CORPORATION Income Statement For Current Year Ended December 31 $ 455,600 297,150 Sales Cost of goods sold Gross profit Operating expenses Interest expense Income before taxes Income tax expense Net income Assets Cash Short-term investments Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets $ 158,450 99,600 4,200 54,650 22,015 32,635 $ CABOT CORPORATION Balance Sheet December 31 Liabilities and Equity 20,000 Accounts payable 9,200 Accrued wages payable 28,800 Income taxes payable 34,150 Long-term note payable, secured by mortgage on plant assets 3,000 Common stock 153,300 $ 248,450 Total liabilities and equity Retained earnings $ 15,500 4,800 4,500 65,400 86,000 72,250 $ 248,450

Fundamentals of Financial Management (MindTap Course List)

15th Edition

ISBN:9781337395250

Author:Eugene F. Brigham, Joel F. Houston

Publisher:Eugene F. Brigham, Joel F. Houston

Chapter4: Analysis Of Financial Statements

Section: Chapter Questions

Problem 24P: Income Statement for Year Ended December 31, 2018 (Millions of Dollars) Net sales 795.0 Cost of...

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