Problem 13-4A Calculating financial statement ratios LO P3 Selected current year-end financial staternents of Cabot Corporation follow. (All sales were on credit; selected balance sheet amounts at December 31 of the prior year were inventory, $53,900; total assets, $259,400; common stock, $84.000; and retained earnings, $32,787) CABOT CORPORATION Income Statement For Current Year Ended December 31 Solen $ 452,600 Cost of goods sold 296.950 Gross profit 155,650 Operating expenses 99,400 Interest expense 4.400 Income before taxes 51,850 Income tax expense 20.887 Net Income $30.963 Assets Cash Short-term investments Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total aasta CABOT CORPORATION Balance Sheet December 31 Liabilities and Equity $ 14,000 Accounts payable 9,200 Accrued wages payable 29,800 Income taxes payable 38,150 Long-term note payable, secured by mortgage on plant assets 2,000 Comon stock 149.300 Retained earning 5 243,250 Total liabilities and equity 5 16,500 3.000 3,600 72,400 84,000 63.750 5 243, 250 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.) 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. Reg 1 and 2 Req3 Reg 4 Reqs Req6 Req Reg 8 Reg 9 Reg 10 Reg 11 Compute the current ratio and acid-test ratio. (1) Current Ratio Choose Numerator: Choose Denominator Current Ratio Current ratio 0 to 1 (2) Acid-Test Ratio Choose Denominator Choose Numerator - Acid-Test Ratio Acid-Test Ratio oto 1 Reg 3 > 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 Reg 4 Reg 5 Reg 6 Req7 Req8 Reg 9 Req 10 Reg 11 Compute the days' sales uncollected. (3) Days: Sales Uncollected Choose Numerator: Choose Denominator: Days Days Sales Uncollected = Days sales uncollected 1 1 o days 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 Reg 4 Reg 5 Reg 6 Reg 7 Reg & Req9 Req 10 Reg 11 Compute the inventory turnover. (4) Choose Numerator: Inventory Turnover Choose Denominator: 1 Inventory Turnover Inventory turnover 4 O times Reg 3 Req5 > 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. (1) 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 Reg 5 Rea eq 6 Req7 Req8 Reg 9 Req 10 Reg 11 Compute the days' sales in inventory. (5) Days Sales In Inventory Choose Denominator: X Choose Numerator Day X - Days' Sales In Inventory Days'sales in inventory 0 days X 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, (B) 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. Red 1 and 2 Reg 3 Reg 4 Reg 5 Req7 Rega Reg 9 Reg 10 Reg 11 Compute the debt-to-equity ratio (6) Debt-to-Equity Ratio Choose Denominator Choose Numerator Debt-to-Equity Ratio Debt-to-equity ratio oto1 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. Reqs Req6 Req Reg 8 Reg 9 Reg 10 Reg 11 Red 1 and 2 Req3 Reg 4 Compute the times interest earned. Times Interest Earned 1 Choose Denominator Choose Numerator Times Interest Earned 1 Times interest named 1 o times 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 Reg 3 Reg 4 Reqs Reg 6 Reg 7 Reg 8 Reg 9 Reg 10 Reg 11 Compute the profit margin ratio. (8) Profit Morgin Ratio Choose Denominator Choose Numerator 1 Profit margin ratio Profit margin ratio 0 % Required: Compute the following: () 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 Reg 3 Reg 4 Reg 5 Reg 6 Reg? Reg 8 Reg 9 Reg 10 Reg 11 Compute the total asset turnover. (9) Choose Numerator: Total Asset Turnover 1 Choose Denominator: 1 Total Asset Turnover Total asset turnover o times 1 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 5 Reg 6 Req7 Reg 8 Reg 9 Red 10 Reg 11 Req 1 and 2 Reg 3 Reg 4 Compute the return on total assets. (10) Choose Numerator Return on Total Assets Choose Denominator 1 Return on Total Assets - Return on total assets 0 ( Req! Req 11 > 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, 7times 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. Hea? Hea Red Reg 10 Reg 11 Hea and 2 Reg Reg4 Reas Heg 6 Compute the return on common stockholders' equity (11) Choose Numerator Return on Commen ockholders'ulty Choose Denominator Return On Common Stockholders' Equity Rumon con holders equity