MO8 Ch 13 Homework 2 15 point 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, $219,400, common stock. $80,000, and retained earnings, $37656) CABOT CORPORATION Income Statement For Current Year Ended December 31 Sales $ 448,600 cost of goods sold 296,950 Gross profit 151,650 Operating expenses 99,300 Interest expense 4,300 Income before taxes 48,050 Income tax expense 19,156 Net Income $ 28.694 01515 Assets Cash Short-term investments Accounts receivable, not Merchandise inventory CABOT CORPORATION Balance Sheet December 31 Liabilities and Equity 12.000 Accounts payable 3,200 Accrued wages payable 33,600 Income taxes payable 32,150 Long-term note payable, secured by mortgage on plant assets 2,600 Common stock 19,500 3,500 9,800 65,400 80,000 Prepaid expenses Activate Window ME Activate Wind 08 Ch 13 Homework i Saved Help Sov required: 2 Compute the following: (1) current ratio, (2) acld-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. its Req 1 and 2 Reg 3 Reg 4 + Reg 5 Reg 6 Req7 Reg 8 Reg 9 Reg 10 Reg 11 01:56:54 Compute the inventory turnover. Book Inventory Turnover Choose Denominator: Choose Numerator: Inventory Turnover Inventory turnover times ( Req3 Reg 5 > Activ Saved Submit 08 Ch 13 Homework Help Save & Exit requireu. 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.) 2 Complete this question by entering your answers in the tabs below. eg 5 Reg 6 Reg 7 Reqs Reg 9 Re 10 Reg 11 0156 30 Req 1 and 2 Req3 Reg 4 Compute the days' sales in inventory, (5) Choose Numerator Book Days Sales in Inventory Choose Denominator X Days Days Sales in inventory Days sales in inventory days Req6 > Activate Windows Saved Help Save & Exit Homework Submit 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 Req4 Req5 Reg 6 Real Req8 Reg 9 Reg 10 Reg 11 Compute the times interest eamed. (7) Times Interest Earned Choose Denominator: Choose Numerator: Times Interest Earned Times interest med 1 1 times Activate Windows cat setting to activate Windo Suomi 2 Require Compute the following: (I) 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 Reg 4 Reqs Req6 Req 7 Reg 3 Req9 Reg 10 Reg 11 015553 Compute the profit margin ratio (8) Choose Numerator: Profit Margin Ratio Choose Denominator: Profit margin ratio Profit margin ratio Activate 08 Ch 13 Homework Help Save & Exit Submit require 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.) 2 Complete this question by entering your answers in the tabs below. Req 1 and 2 Req3 Reg 4 Reqs Req Req Reg Reg9 Reg 11 Reg 10 he 01552 Compute the return on total assets. (10) Choose Numerator Return on Total Assets Choose Denominator Return on Total Assets Return on total assets 96 ( Req Roq 11 > Activate Windows Saved Help Save & EX Submit Ch 13 Homework quireu ampute 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 found intermediate calculations.) Complete this question by entering your answers in the tabs below. Req? Reg Req9 Reg 10 Reg 11 5510 1 and 2 Reg 3 Reg 4 Reqs Reg 6 Compute the return on common stockholders' equity. 11) Return on Common Stockholders' Equity Choose Denominator Choose Numerator: = Return On Common Stockholders' Equi Return on common stockholders equity