Below are ABC Corporation's balance sheet and income statement for the current year-end. (All sales were on credit, selected balance sheet amounts at December 31 of the prior year were inventory, $50,900, total assets, $179,400. common stock, $80,000, and retained earnings, $42,570.) Assets Cash Short-term investments Accounts receivable, net Merchandise inventory $ ABC CORPORATION Balance Sheet December 31 Liabilities and Equity $ 8,000 Accounts payable 9,400 Accrued wages payable 29,000 Income taxes payable 42,150 Long-term note payable, secured by mortgage on plant assets 2,850 Common stock 153,300 Retained earnings $ 244,700 Total liabilities and equity 19,500 4,800 3,909 64,400 Prepaid expenses Plant assets, net Total assets 80,000 72,100 $ 244,700 ABC CORPORATION Income Statement For Current Year Ended December 31 Sales $ 449,600 Cost of goods sold 297, 150 Gross profit 152,450 Operating expenses 99,000 Interest expense 4,000 Income before taxes 49,450 Income tax expense 19,92 Net income $ 29,530 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 Reg 3 Reg 4 Reg 5 Reg 6 Req 7 Req 8 Req 9 Req 10 Req 11 Compute the times interest earned. 29,530 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 Req 3 Reg 4 Req 5 Reg 6 Reg 7 Req 8 Reg 9 Req 10 Req 11 Compute the times interest earned. Times Interest Earned Choose Numerator: 1 Choose Denominator: Times Interest Earned / = Times interest eamed + / 0 times 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 Req 3 Req 4 Reg 5 Reg 6 Reg 7 Req8 Reg 9 Reg 10 Reg 11 Compute the profit margin ratio. (8) Profit Margin Ratio Choose Denominator: Choose Numerator: 1 1 Profit margin ratio Profit margin ratio 0 % 7 Not Required: Compute the following: (1) current ratio, (2) acid-test ratio, (3) days' sales uncollected, (4) inventory turnover, (5) days' sales in in (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 common stockholders' equity. (Do not round intermediate calculations.) Complete this question by entering your answers in the tabs below. Req 1 and 2 Req 3 Reg 4 Req 5 Req 6 Reg 7 Reg 8 Reg 9 Reg 10 Reg 11 Compute the total asset turnover. (9) Total Asset Turnover Choose Numerator: Choose Denominator: Total Asset Turnover 1 Total asset turnover 2 0 times 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 Req 3 Reg 4 Req 5 Reg 6 Reg 7 Req 8 Reg 9 Req 10 Reg 11 Compute the return on total assets. (10) Return on Total Assets Choose Numerator: Choose Denominator: Return on Total Assets 7 Return on total assets 0 % 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 Reg 3 Reg 4 Reg 5 Req 6 Reg 7 Reg 8 Req 9 Reg 10 Reg Compute the return on common stockholders' equity. (11) Return on Common Stockholders' Equity Choose Denominator Choose Numerator: = Return On Common Stockholders' Equity Return on common stockholders' equity 1 1 0 %