Problem 13-4A (Algo) 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, $47.900; total assets, $229,400; common stock, $86,000; and retained earnings. $22.174.) int Assets Cash Short-term investments Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net $ 18,000 CABOT CORPORATION Balance Sheet December 31 of current year Liabilities and Equity Accounts payable 9,200 Accrued wages payable 28,600 Income taxes payable 30,150 Long-term note payable, secured by mortgage on plant assets 2,800 Common stock 148,300 Retained earnings rences Total assets $ 237,058 Total liabilities and equity CABOT CORPORATION Income Statement $ 18,500 3,600 3,100 71,400 86,000 54,450 $ 237,050 For Current Year Ended December 31 Sales Cost of goods sold Gross profit Operating expenses Interest expense Income before taxes Income tax expense Net income Required: $ 454,600 297,550 157,050 98,700 4,300 54,050 21,774 $ 32,276 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 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 Req 9 Req 10 Req 11 Compute the total asset turnover, (9) Numerator: Total Asset Turnover Denominator: Total Asset Turnover Total asset turnover 0 times