537:09 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, $209,400, common stock, $85,000, and retained earnings. $31.458) 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 $ 12,000 Accounts payable 8,200 Accrued wages payable 31,200 Income taxes payable $18,500 3,000 4,200 38,150 Long-term note payable, secured by mortgage on plant assets 2,700 Common stock 68,400 85,000 147,300 Retained earnings 60,450 $ 239,550 Total liabilities and equity $239,550 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: $449,600 297,158 152,450 99,200 4,700 48,550 19,558 $ 28,992 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 (1) return on equity. (Do not round intermediate calculations.) Complete this question by entering your answers in the tabs below. native Quiz i For Current Year Ended December 31 Sales Cost of goods sold Gross profit Operating expenses Interest expense Incone before taxes. Income tax expense Net income Required: $ 449,600 297,150 152,450 99,200 4,700 48,550 19,558 $ 28,992 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) retur on equity. (Do not round intermediate calculations.) 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 9 Req 10 Req 11 Compute the current ratio and acid-test ratio. (1) Numerator: 1 (2) Numerator: Current Ratio Denominator: Current Ratio = Current ratio = to 1 Acid-Test Ratio Denominator: Acid-Test Ratio Acid-Test Ratio to 1 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 Required: $ 449,600 297,150 152,450 99,200 4,700 48,550 19,558 $ 28,992 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.) 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 9 Req 10 Req 11 Compute the days' sales uncollected. (3) Numerator: Days' Sales Uncollected Denominator: x Days = Days Sales Uncollected 1 x Days sales uncollected x days 6:29 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 Required: $ 449,600 297,150 152,450 99,200 4,700 48,550 19,558 $ 28,992 Compute the following: (1) current ratio, (2) acid-test ratio, (3) days' sales uncollected, (4) inventory turnover, (5) days' sales in (6) debt-to-equity ratio, (7) times interest earned, (8) profit margin ratio, (9) total asset turnover, (10) return on total assets, and on equity. (Do not round intermediate calculations.) Complete this question by entering your answers in the tabs below. Req 1 and 2 Req 3 Rece Req 5 Req 6 Req 7 Req 8 Req 9 Req 10 Req 11 Compute the inventory turnover. (4) Numerator: Inventory Turnover. Denominator: = Inventory Turnover Inventory turnover times B :36:20 ive Quiz 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 Required: $ 449,600 297,150 152,450 99,200 4,708 48,550 19,558 $ 28,992 Compute the following: (1) current ratio, (2) acid-test ratio, (3) days' sales uncollected, (4) inventory turnover, (5) days' sales in inventor (6) debt-to-equity ratio, (7) times interest earned, (8) profit margin ratio, (9) total asset turnover, (10) return on total assets, and (11) retum on equity. (Do not round intermediate calculations.) Complete this question by entering your answers in the tabs below. Req 1 and 2 Req 3 Req 4 Req 6 Req 7 Req 8 Req 91 Req 10 Req 111 Compute the days' sales in Inventory. (5) Days' Sales in Inventory Numerator: 1 Denominator: x Days Days' Sales in Inventory Days' sales in inventory days For Current Year Ended December 31 Sales Cost of goods sold Gross profit Operating expenses $ 449,600 297,150 152,450 99,200 Interest expense Income before taxes. 4,700 48,550 19,558 $ 28,992 Income tax expense Net income. Required: Compute the following: (1) current ratio, (2) acid-test ratio, (3) days' sales uncollected, (4) inventory turnover, (5) days' sales in invent (6) debt-to-equity ratio. (7) times interest earned, (8) profit margin ratio, (9) total asset turnover, (10) return on total assets, and (11) rem on equity. (Do not round intermediate calculations.) 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 9 Req 10 Req 11 Compute the debt-to-equity ratio. (6) Numerator: 1 Debt-to-Equity Ratio Denominator: Debt-to-Equity Ratio Debt-to-equity ratio to 1 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 Required: $ 449,600 297,150 152,450 99,200 4,700 48,550 19,558 $ 28,992 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.) 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 9 Req 10 Req 11 Compute the times Interest earned. (7) Times Interest Earned Numerator: Denominator: Times Interest Earned Times interest earned + 1 + times 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 Required: $ 449,600 297,150 152,450 99,200 4,700 48,550 19,558 $ 28,992 Compute the following: (1) current ratio, (2) acid-test ratio, (3) days' sales uncollected, (4) inventory turnover, (5) days' sales in invento (6) debt-to-equity ratio, (7) times interest earned, (8) profit margin ratio, (9) total asset turnover, (10) return on total assets, and (11) retu on equity. (Do not round intermediate calculations.) 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 9 Req 10 Req 11 Compute the profit margin ratio.. (8) Numerator: Profit Margin Ratio Denominator: Profit margin ratio = Profit margin ratio. Sales Cost of goods sold Gross profit Operating expenses Interest expense Income before taxes. Income tax expense Net income Required: $449,600 297,150 152,450 99,200 4,700 48,550 19,558 $ 28,992 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.) 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 9 Req 10 Req 11 Compute the total asset turnover. (9) Numerator: Total Asset Turnover Denominator: Total Asset Turnover Total asset turnover times 37 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 Required: $449,600 297,150 152,450 99,200 4,700 48,550 19,558 $ 28,992 Compute the following: (1) current ratio, (2) acid-test ratio, (3) days' sales uncollected, (4) inventory turnover, (5) days' sales in inve (6) debt-to-equity ratio, (7) times interest earned, (8) profit margin ratio, (9) total asset turnover, (10) return on total assets, and (11) on equity. (Do not round intermediate calculations.) Complete this question by entering your answers in the tabs below. Req 1 and 2 Req 31 Req 4 Req 5 Req 6 Req 7 Req 8 Req 9 Req 10 Req 11 Compute the return on total assets. (10) Numerator: 1 Return on Total Assets Denominator: = = Return on Total Assets Return on total assets % For Current Year Ended December 311 Sales Cost of goods sold Gross profit Operating expenses Interest expense Income before taxes Income tax expense Net income Required: $ 449,600 297,150 152,450 99,200 4,700 48,550 19,558 $ 28,992 Compute the following: (1) current ratio, (2) acid-test ratio, (3) days' sales uncollected, (4) inventory turnover, (5) days' sales in inventor (6) debt-to-equity ratio, (7) times interest earned, (8) profit margin ratio, (9) total asset turnover, (10) return on total assets, and (11) retur on equity. (Do not round intermediate calculations.) Complete this question by entering your answers in the tabs below. Req 1 and 2 Req 3 Req 41 Req 5 Req 6 Req 7 Req 8 Req 9 Req 10 Req 11 Compute the return on equity. (11) Numerator: Return on Equity Denominator Return On Equity Return on equity % =