Mathematics, 19.12.2021 04:20 labarbie8575
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, $179,400; common stock, $87,000; and retained earnings, $34,795.)
CABOT CORPORATION
Balance Sheet
December 31 of current year
Assets Liabilities and Equity
Cash $ 16,000 Accounts payable $ 17,500
Short-term investments 8,200 Accrued wages payable 4,400
Accounts receivable, net 29,600 Income taxes payable 4,200
Merchandise inventory 38,150 Long-term note payable, secured by mortgage on plant assets 68,400
Prepaid expenses 2,500 Common stock 87,000
Plant assets, net 150,300 Retained earnings 63,250
Total assets $ 244,750 Total liabilities and equity $ 244,750
CABOT CORPORATION
Income Statement
For Current Year Ended December 31
Sales $ 448,600
Cost of goods sold 297,350
Gross profit 151,250
Operating expenses 99,300
Interest expense 4,300
Income before taxes 47,650
Income tax expense 19,195
Net income $ 28,455
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.)
Answers: 3
Mathematics, 21.06.2019 17:00
The table shows population statistics for the ages of best actor and best supporting actor winners at an awards ceremony. the distributions of the ages are approximately bell-shaped. compare the z-scores for the actors in the following situation. best actor best supporting actor muequals42.0 muequals49.0 sigmaequals7.3 sigmaequals15 in a particular year, the best actor was 59 years old and the best supporting actor was 45 years old. determine the z-scores for each. best actor: z equals best supporting actor: z equals (round to two decimal places as needed.) interpret the z-scores. the best actor was (more than 2 standard deviations above more than 1 standard deviation above less than 1 standard deviation above less than 2 standard deviations below) the mean, which (is not, is) unusual. the best supporting actor was (less than 1 standard deviation below more than 1 standard deviation above more than 2 standard deviations below more than 1 standard deviation below) the mean, which (is is not) unusual.
Answers: 1
Mathematics, 21.06.2019 19:20
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Mathematics, 21.06.2019 21:00
Adesigner charges a one time fee of $200 plus $40 an hour for each project. write an expression to represent how much money the designer will make for a project
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Selected current year-end financial statements of Cabot Corporation follow. (All sales were on credi...
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