Need all 11 required, please and thank you ! very important Selected current year-end financial statements of Cabot Corporation follow. (All sales were on credit; selected balance sheet amountsat December 31 of the prior year were inventory, $48,900; total assets, $229,400; common stock, $87,000; and retained earnings,$25,215.)AssetsCashShort-term investmentsAccounts receivable, netMerchandise inventoryPrepaid expensesPlant assets, netTotal assetsCABOT CORPORATIONIncome StatementFor Current Year Ended December 31Sales$ 455,600Cost of goods sold297,050Gross profit158,55099,0004,900Operating expensesInterest expenseIncome before taxesIncome tax expenseNet income$ 8,0008,80031,20032,150 Long-term note payable, secured by mortgage on plant assets3,100 Common stock152,300Retained earnings$ 235,550 Total liabilities and equityCABOT CORPORATIONBalance SheetDecember 31 of current yearLiabilities and Equity54,65022,015$ 32,635Accounts payableAccrued wages payableIncome taxes payable$ 17,5003,4004,40065,40087,00057,850$ 235,550 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 equity. (Do not round intermediate calculations.)Complete this question by entering your answers in the tabs below.Req 1 and 2 Req 3(1)Compute the current ratio and acid-test ratio.(2)Numerator:Req 4Numerator:111Req 5111Req 6Current RatioDenominator:Acid-Test RatioDenominator:< Req 1 and 2Req 7====Req 8Req 9Current RatioCurrent ratioto 1Acid-Test RatioAcid-Test Ratioto 1Req 3 >Req 10Req 11

Calculating a company's financial position or productivity in comparison to that of other businesses…

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, $48,900; total assets, $229,400; common stock, $87,000; and retained earnings, $25,215.) Assets Cash Short-term investments. Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets CABOT CORPORATION Income Statement. Cost of goods sold Gross profit $ 8,000 8,800 For Current Year Ended December 31 Sales. $ 455,600 297,050 Operating expenses. Interest expense Income before taxes Income tax expense Net income CABOT CORPORATION Balance Sheet December 31 of current year Liabilities and Equity 31,200 Income taxes payable 32,150 Long-term note payable, secured by mortgage on plant assets 3,100 Common stock 152,300 Retained earnings $ 235,550 Total liabilities and equity 158,550 99,000 4,900 54,650 22,015 $ 32,635 Accounts payable Accrued wages payable $ 17,500 3,400 4,400 65,400 87,000 57,850 $ 235,550

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, $48,900; total assets, $229,400; common stock, $87,000; and retained earnings, $25,215.) Assets Cash Short-term investments. Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets CABOT CORPORATION Income Statement. Cost of goods sold Gross profit $ 8,000 8,800 For Current Year Ended December 31 Sales. $ 455,600 297,050 Operating expenses. Interest expense Income before taxes Income tax expense Net income CABOT CORPORATION Balance Sheet December 31 of current year Liabilities and Equity 31,200 Income taxes payable 32,150 Long-term note payable, secured by mortgage on plant assets 3,100 Common stock 152,300 Retained earnings $ 235,550 Total liabilities and equity 158,550 99,000 4,900 54,650 22,015 $ 32,635 Accounts payable Accrued wages payable $ 17,500 3,400 4,400 65,400 87,000 57,850 $ 235,550

Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter15: Financial Statement Analysis

Section: Chapter Questions

Problem 19BEA

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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. $55,900: total assets. $199.400: common stock. $86.000: and retained earnings. $30,037.) Assets Cash Short-term investments Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets CABOT CORPORATION Income Statement CABOT CORPORATION Balance Sheet December 31 of current year Liabilities and Equity $ 8,000 Accounts payable 8,800 Accrued wages payable 30,200 Income taxes payable 30,150 Long-term note payable, secured by mortgage on plant assets 2,500 151,300 Common stock Retained earnings $ 230,950 Total liabilities and equity $16,500 3,400 2,800 63,400 86,000 58,850 $ 230,950 For Current Year Ended December 31 Sales Cost of goods sold Gross profit Operating expenses Interest expense Income before taxes Income tax expense Net incone Required: $ 448,600 297,250 151,350…
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, $51,900; total assets, $249,400; common stock, $81,000; and retained earnings, $36,386.) Assets Cash Short-term investments Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets CABOT CORPORATION Income Statement. For Current Year Ended December 31 Sales $ 448,600 297,950 150, 650 98,700 4,200 47,750 19,236 $ 28,514 Cost of goods sold Gross profit Operating expenses Interest expense Income before taxes Income tax expense Net income Req 1 and 2 Req 3 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. Note:…
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, $51,900; total assets, $169,400; common stock, $85,000; and retained earnings, $45,550.) Assets Cash Short-term investments Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets CABOT CORPORATION Income Statement CABOT CORPORATION Balance Sheet December 31 of current year Liabilities and Equity $ 22,000 Accounts payable 8,800 Accrued wages payable 33,400 Income taxes payable 34,150 Long-term note payable, secured by mortgage on plant assets 2,850 152,300 Common stock Retained earnings $ 253,500 Total liabilities and equity 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 $ 450,600 298,050 152,550 98,900 4,500 49,150 19,800 $ 29,350 $ 15,500 4,000 3,700…
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, $55,900; total assets, $189,400; common stock. $87,000, and retained earnings, $29,103.) Assets Cash Short-term investments Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets CABOT CORPORATION Income Statement For Current Year Ended December 311 $455,600 298,450 157,150 99,000 4,400 53,758 21,653 $ 32,097 Sales Cost of goods sold i Gross profit Operating expenses Interest expense Income before taxes Income tax expense. Net income CABOT CORPORATION Balance Sheet December 31 of current year Liabilities and Equity $10,000 Accounts payable 8,600 Accrued wages payable 30,400 Income taxes payable: 40,150 Long-term note payable, secured by mortgage on plant assets 2,550 Common stock 148,300 Retained earnings $ 240,000 Total liabilities and equity $ 17,500 5,000 3,900…
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, $51,900; total assets, $249,400; common stock, $81,000; and retained earnings, $36,386.) Assets Cash Short-term investments Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets CABOT CORPORATION Income Statement For Current Year Ended December 31 Sales $ 448,600 Cost of goods sold 297,950 Gross profit 150,650 98,700 4,200 47,750 19,236 $ 28,514 Operating expenses Interest expense Income before taxes Income tax expense Net income CABOT CORPORATION Balance Sheet December 31 of current year Liabilities and Equity $ 18,000 8,400 30,400 Income taxes payable 34,150 Long-term note payable, secured by mortgage on plant assets Common stock 2,750 150,300 Retained earnings $244,000 Total liabilities and equity Accounts payable Accrued wages payable $ 18,500 4,000 3,200 72,400…
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, $52,900; total assets, $229,400; common stock, $82,000; and retained earnings, $45,833.) Assets Cash Short-term investments Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets CABOT CORPORATION Income Statement For Current Year Ended December 31 Sales Cost of goods sold Gross profit $ 22,000 9,000 33,600 38,150 3,100 149, 300 $255,150 Operating expenses Interest expense Income before taxes Income tax expense Net income $ 455,600 297,650 157,950 99, 200 4,800 53,950 21,733 $32,217 CABOT CORPORATION Balance Sheet December 31 of current year Liabilities and Equity Accounts payable Accrued wages payable Income taxes payable Long-term note payable, secured by mortgage on plant assets Common stock Retained earnings Total liabilities and equity $ 18,500 2,800 3,400…
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, $259,400; common stock, $87,000; and retained earnings, $28,750.) Assets Cash Short-term investments Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets Sales CABOT CORPORATION Balance Sheet December 31 of current year Liabilities and Equity $ 12,000 Accounts payable $ 17,500 8,400 Accrued wages payable 4,800 31,200 Income taxes payable 3,300 36,150 3,050 148,300 Long-term note payable, secured by mortgage on plant assets 68,400 Common stock 87,000 Retained earnings 58,100 $ 239,100 Total liabilities and equity $ 239,100 CABOT CORPORATION Income Statement For Current Year Ended December 31 $ 451,600 Cost of goods sold Gross profit Operating expenses Interest expense Income before taxes Income tax expense Net income 298,250 153,350 99,400…
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, $51,900; total assets, $249,400; common stock, $81,000; and retained earnings, $36,386.) Assets Cash Short-term investments Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets Operating expenses Interest expense Income before taxes Income tax expense Net income CABOT CORPORATION Income Statement For Current Year Ended December 31 Sales $ 448,600 297,950 Cost of goods sold Gross profit (1) Req 1 and 2 Req 3 Req 4 Req 5 (2) $ 18,000 8,400 150,650 98,700 4,200 47,750 19,236 $ 28,514 Complete this question by entering your answers in the tabs below. Compute the current ratio and acid-test ratio. Numerator: 30,400 34,150 2,750 150,300 $ 244,000 Total liabilities and equity Required: Compute the following: (1) current ratio, (2) acid-test ratio, (3) days' sales…
The following data were taken from the balance sheet of Albertini Company at the end of two recent fiscal years: Current Year Previous Year Current assets: Cash Marketable securities Accounts and notes receivable (net) Inventories Prepaid expenses Total current assets Current liabilities: Accounts and notes payable (short-term) Accrued liabilities Total current liabilities. $620,500 718,500 294,000 749,800 386,200 $2,769,000 1. Working capital 2. Current ratio 3. Quick ratio b. The liquidity of Albertini has in current assets relative to current liabilities. $411,800 298,200 $710,000 $496,000 558,000 186,000 529,500 338,500 $2,108,000 $434,000 186,000 $620,000 a. Determine for each year (1) the working capital, (2) the current ratio, and (3) the quick ratio. Round ratios to one decimal place. Current Year Previous Year from the preceding year to the current year. The working capital, current ratio, and quick ratio have all Most of these changes are the result of an
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, $50,900; total assets, $199,400; common stock, $81,000; and retained earnings, $48,724.) CABOT CORPORATION Balance Sheet December 31 of current year Liabilities and Equity Assets Cash Short-term investments Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net $ 16,000 Accounts payable 8,200 Accrued wages payable 30,600 Income taxes payable 40,150 Long-term note payable, secured by mortgage on plant assets 3,050 Common stock 153,300 Retained earnings $ 251, 300 Total liabilities and equity $ 18,500 4,400 3,000 63,400 81,000 81,000 $ 251, 300 Total assets CABOT CORPORATION Income Statement For Current Year Ended December 31 $ 454,600 297,150 157,450 99,100 4,300 54,050 21,774 Sales Cost of goods sold Gross profit Operating expenses Interest expense Income before taxes Income tax…
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, $46,900; total assets, $179,400; common stock, $88,000; and retained earnings, $31,286.) Assets Cash Short-term investments Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets CABOT CORPORATION Income Statement Cost of goods sold Gross profit For Current Year Ended December 31 Sales Operating expenses Interest expense Income before taxes Income tax expense Net income $ 18,000 9,000 33,800 Req 1 and 2 Reg 3 Req 4 Compute the debt-to-equity ratio. Numerator: $ 455,600 298,150 157,450 98,500 4,000 54,950 22,136 $ 32,814 30,150 3,050 154,300 Retained earnings $ 248,300 Total liabilities and equity 1 CABOT CORPORATION Balance Sheet December 31 of current year Liabilities and Equity Accounts payable Accrued wages payable Income taxes payable Complete this question by…
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, $47,900; total assets, $189,400; common stock, $88,000; and retained earnings, $40,532.) Assets Cash Short-term investments Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets CABOT CORPORATION $ 12,000 9,400 CABOT CORPORATION Balance Sheet December 31 of current year Liabilities and Equity Accounts payable Accrued wages payable 30, 400 Income taxes payable 42,150 2,550 148,300 Long-term note payable, secured by mortgage on plant assets Common stock Retained earnings $ 244,800 Total liabilities and equity 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 $ 450,600 297,950 152,650 98,700 4,100 49,850 20,082 $ 29,768 $ 16,500 3,200 4,400…