subject
Business, 23.07.2021 01:40 20guadalupee73248

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, $199,400; common stock, $82,000; and retained earnings, $45,290.) CABOT CORPORATION Balance Sheet December 31 of current year Assets Liabilities and Equity Cash $ 22,000 Accounts payable $ 18,500 Short-term investments 9,400 Accrued wages payable 3,400 Accounts receivable, net 32,000 Income taxes payable 4,500 Merchandise inventory 38,150 Long-term note payable, secured by mortgage on plant assets 66,400 Prepaid expenses 2,800 Common stock 82,000 Plant assets, net 147,300 Retained earnings 76,850 Total assets $ 251,650 Total liabilities and equity $ 251,650 CABOT CORPORATION Income Statement For Current Year Ended December 31 Sales $ 454,600 Cost of goods sold 297,750 Gross profit 156,850 Operating expenses 99,400 Interest expense 4,600 Income before taxes 52,850 Income tax expense 21,290 Net income $ 31,560 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) return on equity. (Do not round intermediate calculations.)

ansver
Answers: 1

Another question on Business

question
Business, 22.06.2019 19:00
1. what must one do to perform the essential managerial task of controlling in achieving organizational goals? a. motivate, coordinate, and energize individuals and groups to work together to achieve organizational goals b. choose appropriate organizational goals and courses of action to best achieve those goals c. establish task and authority relationships that allow people to work together to achieve organizational goals d. establish accurate measuring and monitoring systems to evaluate how well the organization has achieved its goals
Answers: 1
question
Business, 22.06.2019 22:00
Retail industry fundamentals credential exam,part 1 all answers
Answers: 3
question
Business, 22.06.2019 22:40
The year is 2278, and the starship enterprise is running low on dilithium crystals, which are used to regulate the matter-antimatter reactions that propel the ship across the universe. without the crystals, space-time travel is not possible. if there is only one known source of dilithium crystals, the necessary conditions for a monopoly are met. part 2 (1 point)see hint if the crystals are government owned or government regulated, and the government wants to create the greatest welfare for society, then it should set the price choose one or more: a. so only the rich can afford space-time travel. b. at the profit-maximizing price. c. at the efficient price. d. using the marginal-cost pricing rule. e. so everyone can afford space-time travel. f. at the monopoly price.
Answers: 1
question
Business, 22.06.2019 23:00
The discussion of the standards for selection of peanuts that will be used in m& ms and the placement of the m& m logo on the candies speaks to which building block of a sustainable competitive advantage:
Answers: 1
You know the right answer?
Selected current year-end financial statements of Cabot Corporation follow. (All sales were on credi...
Questions
Questions on the website: 13722363