dl u Slide Hoyed were ve v. total de 3: $19,158.) CABOT CORPORATION Income Statement For Current Year Ended December 31 Sales $ 456,600 Cost of goods mold 296,850 Gross profit 159,750 Operating expenses 99,500 Interest expense 4,500 Income before taxes 55,750 Income tax expense 22.458 Net Income $ 33,292 Assets Cash Short-term investments Accounts receivable, net Merchandise inventory Prepaid expenses Plant Assets, net Total assets CABOT CORPORATION Balance Sheet December 31 Liabilities and Equity 8,000 Accounts payable 9,000 Accrued wages payable 33,200 Income taxes payable 34,150 Long-term note payable, secured by mortgage on plant annet 2.800 Common stock 152,300 Retained earnings 239,450 total liabilities and equity 5 18,500 3,200 3,900 72,400 89,000 52,450 $ 239,450 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 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. Book Reg 6 Reg 7 Reg 8 Req9 Reg 10 Reg 11 erences Reg 1 and 2 Reg 3 Req 4 Regs Compute the current ratio and acid-test ratio. Curront Ratio Choose Numerator: Choose Denominator: Current assets Current liabilities Current Ratio Current ratio O to 1 (2) Choose Numerator: Quick assets Acid-Test Ratio Choose Denominator: Current liabilities Acid-Test Ratio - Acid-Test Ratio to 1 Red 1 and 2 Req3 >