Question


Selected year-end financial statements of Cabot Corporation follow. (All sales were on credit, selected balance sheet December 31 2016, were inventory, $56.900; total assets, $ amounts at 209.400, common stock, $86.000: and retained earnings, $55.387) CABOT CORPORATION Incone Statement for Year Ended December 31, 2017 $449,60e Cost of goods sold 297,458 152,150 99,180 4,800 Sales Gross profit Operating expenses Interest expense Income before taxes Incone taxes Net incone 48,250 19,437 28,813
CABOT CORPORATION Balance Sheet December 31, 2017 Liabilities and Equity Assets Cash Short-term investments Accounts receivable, net Notes receivable (trade)* Merchandise inventory Prepaid expenses Plant assets, net Total assets s 18,e00 Accounts payable $ 8,200 Accrued wages payable 33,000 Income taxes payable 17,see 3,280 3,780 5,500 38,150 Long-term note payable, secured by 65,400 mortgage on plant assets 2,850 Common stock 86,000 84, 200 $260,00e 154,300 Retained earnings $260,000 Total liabilities and equity These are short-term notes receivable arising from customer (trade) sales. 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 common stockholders equity. (Do not round Intermediate calculations.) Complete this question by entering your answers in the tabs below. Req 1 and 2 Req7 q Req 9 Rq 10 Req 11 Req 3 Req 4 Req 5 Req 6 Compute the return on common stockholders equity. Numerator Choose Denominator Return On Common Stockholders Equity noome common stockholders equity Return on common stockholders equity Average 2017 28.813 01% C Req 10
0 0
Add a comment Improve this question Transcribed image text
Know the answer?
Add Answer to:
Selected year-end financial statements of Cabot Corporation follow. (All sales were on credit, selected balance sheet...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
  • Selected year-end financial statements of Cabot Corporation follow. (All sales were on credit; selected balance sheet...

    Selected year-end financial statements of Cabot Corporation follow. (All sales were on credit; selected balance sheet amounts at December 31, 2016, were inventory, $51,900; total assets, $199,400; common stock, $89,000; and retained earnings, $29,269.) CABOT CORPORATION Income Statement For Year Ended December 31, 2017 Sales $ 453,600 Cost of goods sold 297,250 Gross profit 156, 350 Operating expenses 99,100 Interest expense 4,700 Income before taxes 52,550 Income taxes 21,169 Net income $ 31,381 Assets Cash $ CABOT CORPORATION Balance Sheet...

  • Selected year-end financial statements of Cabot Corporation follow. (All sales were on credit; selected balance sheet...

    Selected year-end financial statements of Cabot Corporation follow. (All sales were on credit; selected balance sheet amounts at December 31, 2016, were inventory, $46,900; total assets, $229,400; common stock, $86,000; and retained earnings, $36,336.) CABOT CORPORATION Income Statement For Year Ended December 31, 2017 Sales $449,600 Cost of goods sold 298,450 Gross profit 151,150 Operating expenses 98,500 Interest expense 4,900 Income before taxes 47,750 Income taxes 19,236 Net income $28,514 CABOT CORPORATION Balance Sheet December 31, 2017 Assets Liabilities and...

  • Selected year end financial statements of Cabot Corporation follow. (All sales were on credit, selected balance...

    Selected year end financial statements of Cabot Corporation follow. (All sales were on credit, selected balance sheet amounts at December 31, 2016, were inventory. $47,900: total assets, $259,400, common stock, $89,000, and retained earnings. $34,451) CABOT CORPORATION Income Statement For Year Ended December 31, 2017 Sales $ 454,600 Cost of goods sold 297,950 Gross profit 156,650 Operating expenses 98,700 Interest expense 4,700 Income before taxes 53,250 Income taxes 21,451 llet income $ 31,799 Assets Cash Short-term investments Accounts receivable, net...

  • Selected year end financial Statements of Cabot Corporation follow. (All sales were on credit, selected balance...

    Selected year end financial Statements of Cabot Corporation follow. (All sales were on credit, selected balance sheet amounts at December 31, 2016 were inventory. S47.900; total assets, $259.400: common stock. $89.000, and retained earnings $34455 CABOT CORPORATION Income Statement To Year Ended December 31, 2017 Sales $ 454,600 cost of goods sold 297,950 Gross profit 156,65e Operating expenses 98,700 Interest expense 4.700 Income before taxes 53,250 Income taxes 21,451 Net income 31,799 5 $ CABOT CORPORATION Balance Sheet December 31,...

  • Help Selected year-end financial statements of Cabot Corporation follow. (All sales were on credit: selected balance...

    Help Selected year-end financial statements of Cabot Corporation follow. (All sales were on credit: selected balance sheet amounts at December 31, 2016, were inventory. $54,900; total assets, $179,400, common stock, $89,000, and retained earnings. $43,032) CABOT CORPORATION Income Statement For Year Ended December 31, 2017 Sales $ 454,600 Cost of goods sold 297.350 Gross profit 157,250 Operating expenses 99,200 Interest expense 4,600 Income before taxes 53,450 Income taxes 21,532 Net income $ 31,918 $ CABOT CORPORATION Balance Sheet December 31,...

  • Selected year-end financial statements of Cabot Corporation follow. (All sales were on credit; selected balance sheet...

    Selected year-end financial statements of Cabot Corporation follow. (All sales were on credit; selected balance sheet amounts at December 31, 2016, were inventory, $50,900, total assets, $209,400, common stock, $83,000; and retained earnings, $40,300.) CABOT CORPORATION Income Statement For Year Ended December 31, 2017 $ 454,608 298,158 156,45e 99,400 Sales Cost of goods sold Gross profit operating expenses Interest expense Income before taxes Income taxes 4,300 52,750 21,250 Net income 31,5ee CABOT CORPORATION Balance Sheet December 31, 2017 ASsets Cash...

  • Selected year-end financial statements of Cabot Corporation follow. (All sales were on credit; selected balance sheet...

    Selected year-end financial statements of Cabot Corporation follow. (All sales were on credit; selected balance sheet amounts at December 31, 2016, were inventory, $52,900; total assets, $199,400; common stock, $84,000; and retained earnings, $43,366.) CABOT CORPORATION Income Statement For Year Ended December 31, 2017 Sales $ 452,600 Cost of goods sold 297,650 Gross profit 154,950 Operating expenses Interest expense 4,100 Income before taxes 51,550 Income taxes 20,766 Net income $ 30,784 99,300 $ Assets Cash Short-term investments Accounts receivable, net...

  • Selected year-end financial statements of Cabot Corporation follow. (All sales were on credit selected balance sheet...

    Selected year-end financial statements of Cabot Corporation follow. (All sales were on credit selected balance sheet amounts at December 31, 2016, were Inventory, $53,900; total assets, $239,400; common stock, $87,000; and retalned earnings, $35104.) CABOT CORPORATION Income Statement For Year Ended December 31, 2017 448, 600 298,150 150,450 99,000 4, 400 47,050 18,954 28 , 096 ales $ Cost of goods sold Gross profit Income before taxes Income taxes Net income CABOT CORPORATION Balance Sheet December 31, 2017 Assets Cash...

  • Selected year-end financlal statements of Cabot Corporation follow. (All sales were on credit; selected balance sheet...

    Selected year-end financlal statements of Cabot Corporation follow. (All sales were on credit; selected balance sheet amounts at December 31, 2016, were inventory, $48,900; total assets, $189,400; common stock, $90,000; and retained earnings, $22,748.) CABOT CORPORATION Income Statement For Year Ended December 31, 2017 Sales Cost of goods sold Gross profit Operating expenses Interest expense Income before taxes Income taxes Net income $448,600 297,250 151,350 98,600 ,100 48,650 19,59B 29, 052 CABOT CORPORATION Balance Sheet December 31, 2017 Liabilities and...

  • Selected current year-end financial statements of Cabot Corporation follow. (All sales were on credit; selected balance...

    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, $54,900; total assets, $259,400; common stock, $81,000; and retained earnings, $34,712.) CABOT CORPORATION Income Statement For Current Year Ended December 31 Sales $ 454,600 Cost of goods sold 297,850 Gross profit 156, 750 Operating expenses 99,100 Interest expense 4,000 Income before taxes 53,650 Income tax expense 21,612 Net income 32,038 $ Assets Cash...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT