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(6) Debt-to-Equity Ratio begin{tabular}{|l|l|l|l|c|} multicolumn{1}{|c|}{ Numerator: } & 1 & multicolumn{1}{|c|}{ Denominator: } & = & Debt-to-Equity Ratio hline Current liabilities & 1 &
(6) Debt-to-Equity Ratio \begin{tabular}{|l|l|l|l|c|} \multicolumn{1}{|c|}{ Numerator: } & 1 & \multicolumn{1}{|c|}{ Denominator: } & = & Debt-to-Equity Ratio \\ \hline Current liabilities & 1 & = & Debt-to-equity ratio \\ \hline & 1 & & = & 0 to 1 \\ \hline \end{tabular} 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, $219,400; common stock, $84,000; and retained earnings, $46,580.) 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: Do not round intermediate calculations. Compute the times interest earned. Compute the profit margin ratio. Compute the total asset turnover
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