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Selected year-end inancial statements of Cabot Corporation follow. (All sales were on credit, selected balance sheet amounts at December 31 2016 were inventory $49.900, total assets, $199,400, common stock $83,000, and retained earnings, $50.462) CABOT CORPORATION Income Statement For Year Ended December 31, 2017 Sales $454,600 Cost of goods sold 297,050 Gross profit 157,550 Operating expenses 99,000 Interest expense 4,900 Income before taxes 53,650 Income taxes 21,612 Net income $ 32,038 $ 16,500 4,000 CABOT CORPORATION Balance Sheet December 31, 2017 Assets Liabilities and Equity Cash $ 18,000 Accounts payable Short-term 8,600 Accrued wages payable investments Accounts receivable, 31,200 Income taxes payable Notes receivable (trade) 7,000 Merchandise 38,150 Long-term note payable, secured by inventory mortgage on plant assets Prepaid expenses 2,750 Common stock Plant assets, net 149,380 Retained earnings Total assets $255,880 Total liabilities and equity net 3,600 65,480 83,000 82,500 $255,000 * These are short-term notes receivable arising from customer (trade) sales 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. here Liabilities and Equity $ 18,600 Accounts payable 8,600 Accrued wages payable $ 16,500 4,000 31,200 Income taxes payable 5,600 Assets Cash Short term investments Accounts receivable, net Notes receivable (trade) * Merchandise inventory Prepaid expenses Plant assets, net Total assets 65,400 7,000 38,150 Long-term note payable, secured by mortgage on plant assets 2,750 Common stock 149,308 Retained earnings $255,000 Total liabilities and equity 83,000 82,500 $255,000 * These are short-term notes receivable arising from customer (trade) sales. 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 Req 3 Reg 4 Reg 5 Reg 6 Reg 7 Reg 8 Reg 9 Reg 10 Reg 11 Compute the days' sales in inventory. (5) Choose Numerator: Days' Sales in Inventory Choose Denominator: Days Days' Sales in Inventory Days' sales in inventory days 2017: Assets Cash Liabilities and Equity $ 18,000 Accounts payable 8|600 Accrued wages payable Short-term investments Accounts reteivable, $ 16,500 4,000 31, 200 Income taxes payable 3,600 65,400 Notes receivable (trade) Merchandise inventory Prepaid expenses Plant assets, net Total assets 7,000 38,150 Long-term note payable, secured by mortgage on plant assets 2,750 Common stock 149,300 Retained earnings $255,000 Total liabilities and equity 83,000 82,500 $255,000 * These are short-term notes receivable arising from customer (trade) sales. 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 Req 6 Reg 7 Reg 8 Req 9 Reg 10 Reg 11 Compute the debt-to-equity ratio. (6) Debt-to-Equity Ratio Choose Denominator: Choose Numerator Debt-to-Equity Ratio Debt-to-equity ratio 201721 Liabilities and Equity $ 18,00 Adcounts payable 8,600 Accrued wages payable $ 16,500 4,000 31,200 Income taxes payable 3,600 Assets Cash Short-term investments Accounts receivable, net Notes receivable (trade) Merchandise inventory Prepaid expenses Plant assets, het Total assets 65,400 7,000 38,150 Long-term note payable, secured by mortgage on plant assets 2,750 Common stock 149, 300 Retained earnings $255,000 Total liabilities and equity 83,000 82,500 $255,000 *These are short-term notes receivable arising from customer (trade) sales. 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.) Coniplete this question by entering your answers in the tabs below. Reg 1 and 2 Req 3 Reg 4 Req 5 Req6 Req 7 Req 8 Req 9 Req 10 Reg 11 Compute the times interest earned. (7) Times Interest Farned Choose Numerator: Choose Denominator: Times Interest Earned = Times interest earried 2017: 1 times Liabilities and Equity $ 18,00 Accounts payable 8,600 Accrued wages payable $ 16,500 4,000 31,200 Income taxes payable 3,600 Assets Cash Short-term investments Accounts receivable, ne Notes receivable (trade) Merchandise inventory Prepaid expenses Plant assets, net Total assets 65,400 7,000 38,150 Long term note payable, secured by mortgage on plant assets 2,750 Common stock 149,300 Retained earnings $255,000 Total liabilities and equity 83,000 82,500 $255,000 These are short-term notes receivable arising from customer (trade) sales. 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 Req 5 Reg 6 Req 7 Reg 8 Reg 9 Reg 10 Reg 11 Compute the profit margin ratio. (8) Choose Numerator Profit. Margin Ratio Choose Denominator: = Profit margin ratio Profit margin ratio 2017: 1 Liabilities and Equity $ 18,000 Accounts payable 8,608 Accrued wages payable $ 16,500 4,000 31,200 Income taxes payable 3,600 Assets Cash Short-term investments Accounts receivable, net Noties receivable (trade) Mendhandise inventory Prepaid expenses Plant assets, net Total assets 65,400 7,000 38,150 Long-term note payable, secured by mortgage on plant assets 2,750 Common stock 149,300 Retained earnings $255,000 Total liabilities and equity 83,000 82,500 $255,000 * These are short term notes receivable arising from customer (trade) sales. 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 Req 5 Reg 6 Req 7 Reg 8 Reg 9 Reg 10 Reg 11 Compute the total asset turnover. Total Asset Turnover Choose Denominator: Choose Numerator: = Total Asset Turnover Total asset turnover times 2017: = Liabilities and Equity $ 18,00 Accounts payable 8 680 Accrued wages payable $ 16,500 4,000 31,200 Income taxes payable 3,600 Assets Cash Short-term investments Accounts receivable, het Notes receivable (trade) Merchandise inventory Prepaid expenses Plant assets net Total assets 65,400 17,600 38,150 Long-term note payable, secured by mortgage on plant assets 2,750 Common stock 149,380 Retained earnings $255,000 Total liabilities and equity 83,000 82,500 $255,000 These are short-term notes recelvable arising from customer (trade) sales. Regulred: 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 Req 7 Req 8 Reg 9 Req 10 Reg 11 Compute the return on total assets. (10) Return on Total Assets Choose Denominator: Choose Numerator: Retum on Total Assets Return on total assets 2017: Liabilities and Equity $ 18,000 Accounts payable 8,600 Accrued wages payable $ 16,500 4,000 31, 200 Income taxes payable 3,600 Assets Cash Short-term investments Accounts receivable, net Notes receivable (trade) Merchandise inventory Prepaid expenses Plant assets, net Total assets 65,400 7.000 38,150 Long-term note payable, secured by mortgage on plant assets 2,750 Common stock 149,380 Retained earnings $255,000 Total liabilities and equity 83,000 82,500 $255,000 These are short-term notes receivable arising from customer (trade) sales. 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.) Coniplete this question by entering your answers in the tabs below. Red 1 and 2 Reg 3 Reg 4 Req 5 Req 6 Req 7 Reg 8 Reg 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 2017 %