Problem 13-4A Calculating financial statement ratlos 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, $51,900; total assets. $209.400; common stock. $89.000: and retained earnings. $26.887.) CABOT CORPORATION Income Statement For Current Year Ended December 31 $ 453,689 Cost of goods sold 298,350 Gross profit 155,25e Operating expenses 99,480 Interest expense 4. eag Income before taxes 51,850 Income tax expense 20,887 Net income 30,963 Sales $ Assets Cash Short-term investments Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets CABOT CORPORATION Balance Sheet December 31 Liabilities and Equity $ 14,000 Accounts payable 9,680 Accrued wages payable 29,280 Income taxes payable 30,150 Long-term note payable, secured by sortgage on plant assets 2,688 Common stock 149,380 Retained earnings $ 234,850 Total liabilities and equity 18,500 3,600 3,500 62,480 89,90 57,85e $ 234,850 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 Reg 5 Reg 6 Reg 7 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 1 (2) Acid-Test Ratio Choose Denominator Choose Numerator: 1 Acid-Test Ratio Acid-Test Ratio 0 to 1 1 Res 1 m 2 Req3 > 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 Reg 5 Reg 6 Req7 Reg 8 Reg 9 Reg 10 Reg 11 Compute the days' sales uncollected. (3) Days' Sales Uncollected Choose Denominator x Days Choose umerator: = Days Sales Uncollected = Days sales uncollected 1 x 0 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. Reg 1 and 2 Reg 3 Reg 4 Reg 5 Reg 6 Reg 7 Reg 8 Reg 9 Reg 10 Reg 11 Compute the inventory turnover. Choose Numerator Inventory Turnover Choose Denominator: 1 Inventory Turnover Inventory turnover 1 = 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 Intermedlete calculations.) Complete this question by entering your answers in the tabs below. Req 1 and 2 Reg 3 Reg 4 Reg 5 Reg 6 Reg 7 Reg 8 Reg 9 Reg 10 Reg 11 Compute the days' sales in inventory. (5) Days' Sales in Inventory Choose Numerator Choose Denominator 1 X Days Days Sales in Inventory Days' sales in inventory 1 X 1 x = 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. Reg 1 and 2 Reg 3 Reg 4 Reg 5 Reg 6 Reg 7 Reg 8 Reg 9 Reg 10 Reg 11 Compute the debt-to-equity ratio. (6) Choose Numerator: Debt-to-Equity Ratio Choose Denominator 1 / = Debt-to-Equity Ratio Debt-to-equity ratio 0 to 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 Intermedlate calculations.) Complete this question by entering your answers in the tabs below. Req 1 and 2 Reg 3 Reg 4 Reg 5 Reg 6 Req7 Reg 8 Rea 9 Reg 10 Reg 11 Compute the times interest earned. (7) Times Interest Earned 1 Choose Denominator: Choose Numerator: = Times Interest Earned = Times interest earned 1 0 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. Req 1 and 2 Reg 3 Req4 Reg 5 Reg 6 Req7 Reg 8 Reg 9 Reg 10 Reg 11 Compute the profit margin ratio. (8) Profit Margin Ratio Choose Denominator Choose Numerator: 1 = Profit margin ratio Profit margin ratio 0 % 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 Intermedlete calculations.) Complete this question by entering your answers in the tabs below. Req 1 and 2 Reg 3 Reg 4 Reg 5 Reg 6 Reg 7 Reg 8 Reg 9 Reg 10 Reg 11 Compute the total asset turnover. (9) Choose Numerator Total Asset Turnover Choose Denominator 1 1 = Total Asset Turnover Total asset turnover 0 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 1 and 2 Reg 3 Reg 4 Reg 5 Reg 6 Reg 7 Reg 8 Reg 9 Reg 10 Reg 11 Compute the return on total assets. (10) Return on Total Assets Choose Denominator Choose Numerator Return on Total Assets Return on total assets 0 % 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 Intermedlate 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 7 Rea 8 Reg 9 Reg 10 Reg 11 Compute the return on common stockholders' equity. (11) Return on Common Stockholders' Equity Choose Denominator Choose Numerator = Return On Common Stockholders' Equity = Return on common stockholders' equity