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 Compute the current ratio and acid-test ratio. (1) Current Ratio Numerator: 1 (2) Numerator: 1 1 1 1 Denominator: Acid-Test Ratio Denominator: 11 = = = II = Req 9 Current Ratio Current ratio 0 to 1 Acid-Test Ratio Acid-Test Ratio 0 to 1 Req 10 Req 11 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, $47,900; total assets, $189,400; common stock, $90,000; and retained earnings, $23,286.) CABOT CORPORATION Balance Sheet December 31 of current year Liabilities and Equity Assets Cash Accounts payable $ 18,500 $8,000 8,200 Accrued wages payable 3,000 Short-term investments Accounts receivable, net 30,800 Income taxes payable 4,700 Merchandise inventory 34,150 67,400 Long-term note payable, secured by mortgage on plant assets Common stock Prepaid expenses Plant assets, net 3,100 153,300 90,000 53,950 Retained earnings Total assets $ 237,550 Total liabilities and equity $ 237,550 CABOT CORPORATION Income Statement For Current Year Ended December 31 Sales $ 451,600 Cost of goods sold 297,350 Gross profit 154,250 98,800 Operating expenses 4,100 Interest expense Income before taxes 51,350 20,686 Income tax expense Net income $ 30,664 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.) 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 Reg 11 Compute the return on equity. (11) Return on Equity Numerator: I Return On Equity Return on equity Denominator 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 Compute the return on total assets. (10) Return on Total Assets Denominator: Numerator: 1 Return on Total Assets 1 Return on total assets 1 Req 10 0 % Req 11 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 Compute the total asset turnover. (9) Total Asset Turnover Numerator: Denominator: Total Asset Turnover Total asset turnover 0 times 1 7 Req 10 Req 11 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 Compute the profit margin ratio. (8) Profit Margin Ratio Numerator: Denominator: Profit margin ratio Profit margin ratio 1 1 0% Req 10 Req 11 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 Compute the times interest earned. (7) Times Interest Earned Numerator: 1 Denominator: + 1 + 1 Req 10 Req 11 Times Interest Earned Times interest earned 0 times 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 Compute the debt-to-equity ratio. (6) Debt-to-Equity Ratio Denominator: Numerator: Debt-to-Equity Ratio Debt-to-equity ratio 0 to 1 Req 10 Req 11 Complete this question by entering your answers in the tabs below. Req and 2 Req 3 Req 4 Req 5 Req 6 Reg 7 Req 8 Compute the days' sales in inventory. (5) Days' Sales in Inventory. Numerator: I Denominator: 1 I Reg 9 Reg 10 Days' Sales in Inventory Days' sales in inventory 0 days Req 11 Complete this question by entering your answers in the tabs below. Req and 2 Req 3 Req 4 Req 5 Req 6 Req 7 Req 8 Compute the days' sales uncollected. (3) Days' Sales Uncollected Numerator: 1 Denominator: 7 1 = = Req 10 Req 11 Days Sales Uncollected Days sales uncollected 0 days 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 Compute the inventory turnover. (4) Inventory Turnover Numerator: Denominator: Inventory Turnover Inventory turnover times I 1 1 Req 10 Reg 11