CABOT CORPORATION Income Statement For Current Year Ended December 31 Sales $ 449,600 Cost of goods sold 297,55e Gross profit 151,750 Operating expenses 98,900 Interest expense 4,200 Income before takes 48,650 Income tax expense 19,598 Net income $ 29,052 Assets Cash Short-term investments Accounts receivable, net Merchandise inventory CABOT CORPORATION Balance Sheet December 31 Liabilities and Equity 18,000 Accounts payable 8,000 Accrued wages payable 29,000 Income taxes payable 40,150 Long-term note payable, secured by mortgage on plant assets 2,900 Common stock 153,300 Retained earnings $ 251.350 Total liabilities and equity $ 17,500 4,000 3,5ee 65,400 Prepaid expenses Plant assets, net Total assets 88,000 72,950 $ 251,350 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.) 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 Req3 Reg 4 Reg 5 Reg 6 Req 7 Reg 8 Roq 9 Reg 10 Req 11 Compute the current ratio and acid-test ratio. (1) Current Ratio Choose Denominator: Choose Numerator: Current Ratio Current ratio 0 to 1 1 (2) Acid-Test Ratio Choose Denominator: Choose Numerator 1 = Acid-Test Ratio Acid-Test Ratio 0 to 1 1 Reg 3 5:37 Required: Compute the following: (1) current ratio, (2) acid-test ratio, (3) days' sales uncollected. (4) Inventory turfover. (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 Req3 Req 4 Reg 5 Reg 6 Reg 7 Req8 Reg 9 Req 10 Reg 11 Compute the days' sales uncollected. (3) Days Sales Uncollected Choose Denominator: X Days Choose Numerator: = Days Sales Uncollected = Days sales uncollected 1 X x o days 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 Req5 Req 6 Req? Reg 8 Reg 9 Req 10 Reg 11 Compute the inventory turnover. 14) Choose Numerator: Cost of goods sold Inventory Turnover Choose Denominator Average inventory E Inventory Turnover Inventory turnover O times 1 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: and 2 Req3 Req4 Reg 5 Req6 Req? Req8 Reg 9 Roq 10 Roq 11 Compute the days' sales in inventory. (5) Days Sales in Inventory Choose Numerator: 1 Choose Denominator Merchandise inventory Cost of goods sold 1 X Days 365 X = Days' Sales in Inventory Days' sales in inventory o days 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. Reg 1 and 2 Reg 3 Reg 4 Reg 5 Reg 6 Req 7 Reg 8 Req9 Reg 10 Req 11 Compute the debt-to-equity ratio. (6) Choose Numerator: Total liabilities Debt-to-Equity Ratio Choose Denominator: equity = Debt-to-Equity Ratio Debt-to-equity ratio 0 to 1 1 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. Raqi and 2 Req3 Reg 4 Reqs Req6 Req7 Red B Reg 9 Reg 10 Reg 11 Compute the times interest eamed. Times Interest Earned 1 Choose Denominator Choose Numerator Times Interest Eamed Timos interont carried O 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 Req3 R0q4 Reqs Reg 6 Reg 7 Req Req9 Reg 10 Reg 11 Compute the profit margin ratio Choose Numerator: Profit Margin Ratio 1 Choose Denominator 1 Prolit margin ratio Profit margin ratio 0 % $ Assets Cash Short-term investments Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets December 31 Liabilities and Equity 5 18,eee Accounts payable 8,eee Accrued wages payable 29, eee Income taxes payable 40,150 Long-term note payable, secured by mortgage on plant assets 2,900 Common stock 153,300 Retained earnings $ 251,350 Total liabilities and equity 17,500 4, eee 3,500 65,400 88,eee 72,950 $ 251,350 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 Req3 Reg 4 Req5 Reg 6 Req 7 Reg 8 Reg 9 Req 10 Reg 11 Compute the total asset turnover. (9) Choose Numerator: Total Asset Turnover Choose Denominator: Total Asset Turnover Total asset turnover O 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 eamed, (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 i and 2 Reg 3 Reg 4 Reg 5 Reg 6 Reg 7 Req 8 Req9 Reg 10 Reg 11 Compute the return on total assets (10) Choose Numerator: Not income S Return on Total Assets | Choose Denominator: Average total assets Refurn on Total Assets Return on total assets 29,052 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) times interest earned. (B) 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. Reg 1 and 2 Reg 3 Req Reas Raq 6 Reg 7 Rega Rog 9 Reg 10 Reg 11 Compute the return on common stockholders' equity. (11) Choose Numerator Return on Common Stockholders' Equity Choose Denominator Return On Common Stockholders' Equity Return on common stockholders' equity 0%