lected year-end financial statements of Cabot Corporation follow. (All sales were on credit; selected balance sheet amounts ecember 31, 2016, were inventory. $50,900; total assets, $229,400; common stock, $90,000; and retained earnings, $29,549. CABOT CORPORATION Income Statement For Year Ended December 31, 2017 Sales $ 455,600 Cost of goods sold 297,050 Gross profit 158,550 Operating expenses 98,800 Interest expense 3,900 Income before taxes 55,850 Income taxes 22,499 Net income $ 33,351 Assets Cash Short-term investments Nccounts receivable, net Notes receivable (trade) * Merchandise inventory CABOT CORPORATION Balance Sheet December 31, 2017 Liabilities and Equity 18,000 Accounts payable 8,400 Accrued wages payable 30,400 Income taxes payable 4,500 36,150 Long-term note payable, secured by mortgage on plant assets 2,650 Common stock 150,300 Retained earnings $ 250,400 Total liabilities and equity DHE 18,500 3,200 4,400 1,400 7 Prepaid expenses Plant assets, net Total assets 90,000 62,900 $ 250,400 * 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, times interest earned, (8) profit margin ratio. (9) total asset turnover (10) return on total assets, and wretum on common stockholders' equity. (Do not round Intermediate calculations.) Prov2 of 2 !! * 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 Invento (6) debt-to-equity ratio, (7) times interest earned, (8) profit margin ratio, (9) total asset turnover (10) return on total assets, and (11) retu 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 Req 6 Req 7 Req8 Reg 9 Reg 10 Reg 11 Compute the current ratio and acid-test ratio. ODDER . (1) Choose Numerator: I 2017: Current Ratio Choose Denominator: Current Ratio Current ratio I = . (2) Choose Numerator: Acid-Test Ratio Choose Denominator: Acid-Test Ratio Acid-Test Ratio 2017: * 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 Req3 Req 4 Reg 5 Req 6 Req 7 Req8 Req9 Reg 10 Reg 11 Compute the days' sales uncollected. Days' Sales Uncollected 1 Choose Denominator: x Days Choose Numerator = Days Sales Uncollected Days sales uncollected 2017: 0 days MacBook Air These are short-term notes recevable 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. Print Red 1 and 2 Reg 3 Reg4 Req 5 Reg 6 Req 7 Req8 Req9Reg 10Reg 11 Compute the debt-to-equity ratio. eterences Choose Numerator: Debt-to-Equity Ratio Choose Denominator: - Debt-to-Equity Ratio Debt-to-equity ratio O to 1 2017: Regy > MacBook Air Skipped Required: Compute the following: (1) current ratio, (2) acid-test ratio, (3) days' sales uncollected, (4) inventory turnover, (5) days' sales in inu (6) debt-to-equity ratio (7) times interest earned, (8) profit margin ratio, (9) total asset turnover (10) return on total assets, and (11) on common stockholders' equity. (Do not round Intermediate calculations.) eBook Complete this question by entering your answers in the tabs below. Print Req 1 and 2 Req3 Reg4 Req 5 Req6 Req7 Reg 8 Reg 9 Reg 10Req 11 Compute the times interest earned. References (7) Times Interest Earned Choose Denominator: Choose Numerator: = Times Interest Eamed Times interest eamed 2017: O times Rege > MacBook Air * 20 888 These BI SHILLIT Hores 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, ) 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 Req 4 Reg 5 Req 6 7 Req9 Reg 10 Req 11 Compute the profit margin ratio. Choose Numerator: Profit Margin Ratio Choose Denominator: - = Profit margin ratio Profit margin ratio 2017: Reg 7 Rego > MacBook Air 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 Req3 Re4 Reg 5 Reg 6 Rego Req 9 Reg 9 Req 10 Reg 11 Compute the return on total assets. (10) Choose Numerator: Return on Total Assets Choose Denominator: - Return on Total Assets Return on total assets 2017: MacBook Air W e my mom 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 Req 4 Reg 5 Req 6 Req 7 Reg 8 Reg 9 Req 10 Red 11 Compute the return on common stockholders' equity. (11) Return on Common Stockholders' Equity Choose Numerator: 7 Choose Denominator Return On Common Stockholders' Equity - Return on common stockholders' equity 0$ 2017: Reg 10 Prev 2012 ! ! MacBook Air lected year-end financial statements of Cabot Corporation follow. (All sales were on credit; selected balance sheet amounts ecember 31, 2016, were inventory. $50,900; total assets, $229,400; common stock, $90,000; and retained earnings, $29,549. CABOT CORPORATION Income Statement For Year Ended December 31, 2017 Sales $ 455,600 Cost of goods sold 297,050 Gross profit 158,550 Operating expenses 98,800 Interest expense 3,900 Income before taxes 55,850 Income taxes 22,499 Net income $ 33,351 Assets Cash Short-term investments Nccounts receivable, net Notes receivable (trade) * Merchandise inventory CABOT CORPORATION Balance Sheet December 31, 2017 Liabilities and Equity 18,000 Accounts payable 8,400 Accrued wages payable 30,400 Income taxes payable 4,500 36,150 Long-term note payable, secured by mortgage on plant assets 2,650 Common stock 150,300 Retained earnings $ 250,400 Total liabilities and equity DHE 18,500 3,200 4,400 1,400 7 Prepaid expenses Plant assets, net Total assets 90,000 62,900 $ 250,400 * 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, times interest earned, (8) profit margin ratio. (9) total asset turnover (10) return on total assets, and wretum on common stockholders' equity. (Do not round Intermediate calculations.) Prov2 of 2 !! * 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 Invento (6) debt-to-equity ratio, (7) times interest earned, (8) profit margin ratio, (9) total asset turnover (10) return on total assets, and (11) retu 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 Req 6 Req 7 Req8 Reg 9 Reg 10 Reg 11 Compute the current ratio and acid-test ratio. ODDER . (1) Choose Numerator: I 2017: Current Ratio Choose Denominator: Current Ratio Current ratio I = . (2) Choose Numerator: Acid-Test Ratio Choose Denominator: Acid-Test Ratio Acid-Test Ratio 2017: * 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 Req3 Req 4 Reg 5 Req 6 Req 7 Req8 Req9 Reg 10 Reg 11 Compute the days' sales uncollected. Days' Sales Uncollected 1 Choose Denominator: x Days Choose Numerator = Days Sales Uncollected Days sales uncollected 2017: 0 days MacBook Air These are short-term notes recevable 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. Print Red 1 and 2 Reg 3 Reg4 Req 5 Reg 6 Req 7 Req8 Req9Reg 10Reg 11 Compute the debt-to-equity ratio. eterences Choose Numerator: Debt-to-Equity Ratio Choose Denominator: - Debt-to-Equity Ratio Debt-to-equity ratio O to 1 2017: Regy > MacBook Air Skipped Required: Compute the following: (1) current ratio, (2) acid-test ratio, (3) days' sales uncollected, (4) inventory turnover, (5) days' sales in inu (6) debt-to-equity ratio (7) times interest earned, (8) profit margin ratio, (9) total asset turnover (10) return on total assets, and (11) on common stockholders' equity. (Do not round Intermediate calculations.) eBook Complete this question by entering your answers in the tabs below. Print Req 1 and 2 Req3 Reg4 Req 5 Req6 Req7 Reg 8 Reg 9 Reg 10Req 11 Compute the times interest earned. References (7) Times Interest Earned Choose Denominator: Choose Numerator: = Times Interest Eamed Times interest eamed 2017: O times Rege > MacBook Air * 20 888 These BI SHILLIT Hores 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, ) 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 Req 4 Reg 5 Req 6 7 Req9 Reg 10 Req 11 Compute the profit margin ratio. Choose Numerator: Profit Margin Ratio Choose Denominator: - = Profit margin ratio Profit margin ratio 2017: Reg 7 Rego > MacBook Air 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 Req3 Re4 Reg 5 Reg 6 Rego Req 9 Reg 9 Req 10 Reg 11 Compute the return on total assets. (10) Choose Numerator: Return on Total Assets Choose Denominator: - Return on Total Assets Return on total assets 2017: MacBook Air W e my mom 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 Req 4 Reg 5 Req 6 Req 7 Reg 8 Reg 9 Req 10 Red 11 Compute the return on common stockholders' equity. (11) Return on Common Stockholders' Equity Choose Numerator: 7 Choose Denominator Return On Common Stockholders' Equity - Return on common stockholders' equity 0$ 2017: Reg 10 Prev 2012 ! ! MacBook Air