mework Saved Help Save & Exit Sub Check my wo Problem 13-4A Calculating financial statement ratios LO P3 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, $50,900; total assets, $209,400; common stock, $83,000; and retained earnings, $43,558.) CABOT CORPORATION Income Statement For Current Year Ended December 31 $ 453,600 297,950 155,650 99,000 4,500 52,150 21,008 Sales Cost of goods sold Gross profit Operating expenses Interest expense Income before taxes Income tax expense $31,142 Net income CABOT CORPORATION Balance Sheet December 31 Liabilities and Equity Assets $ 16,500 4,000 3,500 70,400 22,000 Accounts payable 9,000 Accrued wages payable 34,000 Incone taxes payable 34,150 Long-term note payable, secured by Cash Short-term investments Accounts receivable, net Merchandise inventory nortgage on plant assets 6 of 6 Next> omework Saved Help Sa Required: Compute the following: (1) current ratio, (2) acid-test ratio, (3) days' sales uncollected, (4) inventory turnover, (5) days' sal (6) debt-to-equity ratio, (7) times interest earned, (8) profit margin ratio, (9) total asset turnover, (10) return on total assets 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 Req 4 Req 5 Req 6 Reg 7 Req 8 Reg 9 Req 10 Req 11 Compute the inventory turnover. Inventory Turnover I Choose Denominator: (4) Choose Numerator: Inventory Turnover - Inventory turnover o times Required: Compute the following: (1) current ratio, (2) acid-test ratio, (3) days' sales uncollected, (4) inventory turnover, (5) da (6) debt-to-equity ratio, (7) times interest earned, (8) profit margin ratio, (9) total asset turnover, (10) return on total . 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 6 Req 3 Req 4 Req 7 Req 5 Req 8 Req 9 Req 10 Reg Compute the days' sales in inventory. (5) Days' Sales in Inventory Choose Numerator: Choose Denominator: Days Days' Sales in Inventory %3D Days' sales in inventory o days %3D Required: Compute the following: (1) current ratio, (2) acid-test ratio, (3) days' sales uncollected, (4) inventory turnover, (5) = (6) debt-to-equity ratio, (7) times interest earned, (8) profit margin ratio, (9) total asset turnover, (10) return on tota 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 Req 5 Req 6 Req 4 Req 7 Req 8 Reg 9 Req 10 Re Compute the debt-to-equity ratio. Debt-to-Equity Ratio (6) Choose Numerator: Choose Denominator: Debt-to-Equity Ratio Debt-to-equity ratio o to 1 Ch Required: Compute the following: (1) current ratio, (2) acid-test ratio, (3) days' sales uncollected, (4) inventory turnover, (5) days' sales in (6) debt-to-equity ratio, (7) times interest earned, (8) profit margin ratio, (9) total asset turnover, (10) return on total assets, and 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 6 Reg 7 Reg 8 Reg 9 Req 3 Reg 4 Req 5 Req 10 Req 11 Compute the times interest earned. Times Interest Earned (7) Choose Denominator: Times Interest Earned Choose Numerator: Times interest earned 0 times Required: Compute the following: (1) current ratio, (2) acid-test ratio, (3) days' sales uncollected, (4) inventory turnover, (5) da (6) debt-to-equity ratio, (7) times interest earned, (8) profit margin ratio, (9) total asset turnover, (10) return on total 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 Req 4 Req 5 Req 6 Req 7 Req 8 Reg 9 Req 10 Rec Compute the profit margin ratio. Profit Margin Ratio (8) Choose Numerator: Choose Denominator: Profit margin ratio Profit margin ratio Reg 9 > Req 7 mework 1 Saved Help Sa Required: Compute the following: (1) current ratio, (2) acid-test ratio, (3) days' sales uncollected, (4) inventory turnover, (5) days' sal- (6) debt-to-equity ratio, (7) times interest earned, (8) profit margin ratio, (9) total asset turnover, (10) return on total assets- on common stockholders' equity. (Do not round intermediate calculations.) Complete this question by entering your answers in the tabs below. Req 5 Reg 6 Req 7 Req 9 Req 10 Req 11 Req 1 and 2 Req 3 Req 4 Req 8 Compute the total asset turnover. Total Asset Turnover (9) Choose Denominator: Total Asset Turnover Choose Numerator: Total asset turnover o times piax..... Required: Compute the following: (1) current ratio, (2) acid-test ratio, (3) days' sales uncollected, (4) inventory turnover, (5) days' sale (6) debt-to-equity ratio, (7) times interest earned, (8) profit margin ratio, (9) total asset turnover, (10) return on total assets, 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 Req 5 Req 6 Reg 7 Req 8 Reg 9 Req 11 Req 10 Compute the return on total assets. Return on Total Assets (10) Choose Numerator: Choose Denominator: Return on Total Assets Return on total assets %3D Reg 9 Req 11 > Check my work quired: mpute the following: (1) current ratio, (2) acid-test ratio, (3) days' sales uncollected, (4) inventory turnover, (5) days' sales in inventory. debt-to-equity ratio, (7) times interest earned, (8) profit margin ratio, (9) total asset turnover, (10) return on total assets, and (11) return common stockholders' equity. (Do not round intermediate calculations.) Complete this question by entering your answers in the tabs below. Req 3 Reg 5 eq 1 and 2 Reg 4 Req 6 Req 7 Req 8 Req 9 Req 10 Req 11 Compute the return on common stockholders' equity. 1) Return on Common Stockholders' Equity Stockholders' Equity Co Choose Denominator Choose Numerator: = Return on common stockholders' equity - [Net income Net income 31,142-s %3D ( Reg 10 Reg 11