/\\----- Can anyone help with what goes here???? CABOT CORPORATION Income Statem
ID: 2436563 • Letter: #
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/----- Can anyone help with what goes here????
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 4.100 48, 650 19,598 $ 29, e52 CABOT CORPORATION Balance Sheet December 31, 2017 Liabilities and Equity Assets Cash Short-term investments Accounts receivable, net Notes receivable (trade)* Merchandise invent ory $10,000 Accounts payable $17,500 3,200 3, 300 8,400ACcrued wages payable 29, 200 Income taxes payable 4, 500 32,150 Long-term note payable, secured 63,400 by mortgage on plant asset:S Prepaid expenses Plant assets, net Total assets 2,650 Common stock 153,300 Retained earnings 90, 000 62,800 $ 240,200 $ 240,200 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 intermediete celculetions.) Complete this question by entering your answers in the tabs below Req 1 and 2 Req 3 Req 4 Req 5 Req 6 Req 7 Req 8 Req 10 Req 11 Compute the return on common stockholders' equity Return on Common Stockholders' Equity Choose Numerator: Return On Common StockholderS' Equity Average common stockholders' equityReturn On Common Stockholders' Equity Choose Denominator - Net income 2017: 29,052s 132,774Explanation / Answer
Average common stockholders equity = (beginning equity + ending equity) / 2 =((90000+ 22748) + (90000+62800)) / 2 = 132774
(11) Return on Common Stockholders' Equity Choose Numerator: / Choose Denominator = Return On Common Stockholders' Equity Net income - Preferred dividends / Average common stockholders' equity = Return On Common Stockholders' Equity 2017: $29,052 - / $132,774 = 21.9 %Related Questions
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