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I got the first half but struggling with the second Selected current year-end financial statements of Cabot Corporation follow. (All sales were on credit; selected

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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, $55,900, total assets, $239,400; common stock, $86,000; and retained earnings, $37,640) CABOT CORPORATION Income Statement For Current Year Ended December 31 Sales $ 448,600 Cost of goods sold 298,550 Gross profit 150,050 Operating expenses 99,600 Interest expense 4,800 Income before taxes 45,650 Income tax expense 18,390 Net income $ 27,260 Assets Cash Short-term investments Accounts receivable, net Merchandise inventory CABOT CORPORATION Balance Sheet December 31 Liabilities and Equity $ 8,800 Accounts payable 9,400 Accrued wages payable 31,000 Income taxes payable 42,150 Long-term note payable, secured by mortgage on plant assets 2,650 Common stock 149,390 Retained earnings $ 242,500 Total liabilities and equity $ 16,500 4,600 3,100 67,400 86,000 64,900 $ 242,500 Prepaid expenses Plant assets, net Total assets 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.) Req 1 and 2 Reg 3 Reg 4 Reg 5 Reg 6 Reg 7 Req 8 Req 9 Req 10 Reg 11 Compute the debt-to-equity ratio. (6) Chooue Numerator: Debt-to-Equity Ratio 1 Choose Denominator: 1 1 Debt-to-Equity Ratio Debt-to-equity ratio oto 1 Complete this question by entering your answers in the tabs below. Req 1 and 2 Reg 3 Reg 4 Reqs Reg 6 Reb? Req8 Req 9 Reg 10 Req 11 Compute the times interest earned. Times Interest Eamed Choose Denominator: Choose Numerator: 1 Times Interest Earned 1 Times interest earned 1 O times Complete this question by entering your answers in the tabs below. Req 1 and 2 Reg 3 Req 4 Reg 5 Reg 6 Req 7 Rua 8 Reg 9 Reg 10 Reg 11 Compute the profit margin ratio. (8) Profit Margin Ratio Choose Denominator: Choose Numerator: 1 Profit margin ratio Profit margin ratio 0 % 1 Complete this question by entering your answers in the tabs below. Req 1 and 2 Reg 3 Reg 4 Req 5 Reg 6 Reg 7 Req 8 R299 Req 10 Reg 11 Compute the total asset turnover. (9) Choose Numerator: Total Asset Turnover Choose Denominator: Total Asset Turnover Total asset turnover 1 1 O times Reg 8 Reg 10 > Complete this question by entering your answers in the tabs below. Reg 8 Reg 9 Rea P Reg 11 Reg 1 and 2 Reg 3 Reg 4 Reg 5 Reg 6 Req 7 Compute the return on total assets. (10) Return on Total Assets Choose Numerator: 1 Choose Denominator: Return on Total Assets Return on total assets 0 % Reg Reg 11 > Complete this question by entering your answers in the tabs below. Req 1 and 2 Reg 3 Reg 4 Reg 5 Reg 6 Req7 Reg 8 Reg 9 Reg 10 Req31 Compute the return on common stockholders' equity. (11) Return on Common Stockholders' Equity Choose Denominator Choose Numerator: Return On Common Stockholders' Equity = Return on common stockholders' equity 0 %

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