Ch 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, $53,900; total assets, $169,400; common stock, $87,000; and retained earnings, $25,000.) CABOT CORPORATION Balance Sheet December 31 of current year Assets Liabilities and Equity Cash $ 12,000 Accounts payable 5.17.500 Short-term investments 8,200 Accrued wages payable 3,400 Accounts receivable, net 30,200 Income taxes payable 3.700 Merchandise inventory 30,150 Long-term note payable, secured by nortgage on plant assets 67,200 87,000 Prepaid expenses 2,500 Common stock 54, 350 Plant assets, net 150, 300 Retained earnings $ 233,350 Total assets $ 233,350 Total liabilities and equity CABOT CORPORATION Income Statement For Current Year Ended December 31 Sales $ 450,600 Cost of goods sold 297,750 Gross profit 152,85 Operating expenses 99, 200 Interest expense 4,500 Income before taxes 49, 150 Income tax expense 19,800 Net income $ 29,350 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 equity. (Do not round intermediate calculations.) the tabs below C $ 29,350 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) retum on equity. (Do not round intermediate calculations.) Complete this question by entering your answers in the tabs below. Req 1 and 2 Reg 3 Req 4 Reg 5 Reg 6 Reg 7 Reg 8 Reg 9 Req 10 Reg 11 Compute the current ratio and acid-test ratio. (1) Current Ratio Denominator: Numerator: Current Ratio Current ratio to 1 (2) Acid-Test Ratio Denominator: Numerator: Acid-Test Ratio Acid-Test Ratio to 1 Req3 > Real Fotot days as uncollected, inventory tumore detaine b) debt-to-equity ratio) times interest earned. (8) profit margin ratio, 19 totul set tuover return on todo on equity. (Do not round intermediate calculations) Complete this question by entering your answers in the tabs below. Re 1 and 2 Reg 3 Reg Bergs Compute the days' sales uncollected Das United Denominator Numerator: De (Bestand Complete this question by entering your answers in the tabs below. Reg 1 and 2 Reg 3 Reg Reqs Reg 6 Req7 Hea Req9 Res 10 11 Compute the inventory turnover. Inventory Turnover Denominator: Numerator: Inventory Turnov Inventory turnover Samas days' sales uncollected. (4) Inventory turnover, day sales in inventory times interest earned, (8) profit margin ratio, 19) total asset turnover (10) return on total assets and return on equity. (Do not round intermediate calculations.) Ded Complete this question by entering your answers in the tabs below. Reg 1 and 2 Reg 3 Reg 4 Reg 5 Reg 6 Req7 Req8 Req9 Rea 10 Raq 11 Compute the days' sales in Inventory. (5) Numerator: Days Sale in Inventory Denominator Days Days' tes in der Days' sales in inventory days (2) acid-test ratio. (3) days' sales uncollected (4) inventory turnover (5) days sales in memory (6) debt-to-equity ratio. (7) times interest earned, (8) profit margin ratio, (9) total asset turnover (10) return on total assets, and retum on 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 Req 5 Reg 6 Req7 Req Heg Compute the return on total assets. (10) Return on Total Assets Denominator: Numerator: Return on Total Asset Return on total =
