Problem 13.4A Calculation of financial statement ratios LO P3 Selected year end financial statements of Cabot Corporation follow. All sales were on credit, selected balance sheet amounts of December 31, 2016, were inventory, $55.900, total ossets, $229,400, common stock. $88,000, and retained earnings $36,318) CAROT CORPORATION Income Statement For Year Ended December 31, 2017 Sales 5452,600 cost of goods sold 397,250 Gross profit 155,350 operating expenses 98,500 Interest expense Income before taxes 52,ose Income taxes 20x960 Net income 31,082 $ CABOT CORPORATION Balance Sheet December 31, 2017 Liabilities and Equity 22,000 Accounts payable 9.ece Accrued wages payable 29,800 Income taxes payable 32,150 Long-tern note payable, secured by mortgage on plant assets 2.650 common stock 14.30 Retained earnings $249,900 Total liabilities and equity Assets Cash Short-term investments Accounts receivable, net Notes receivable (trade) Merchandise inventory Prepaid expenses Plant assets, net Total assets 15,500 3,400 4,200 6,000 71,400 88, ee 62,400 $ 249,900 These are short-term notes receivable arising from customer (trade) sales. 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 Rega Reg 5 Reg 6 Reg 7 Reqs Reg 9 Reg 10 Reg 11 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. Reg 1 and 2 Reg 3 Reg 4 Reg 5 Reg 6 Reg 7 Reg 8 Req9 Reg 10 Reg 11 Compute the current ratio and acid-test ratio. Choose Numerator: Current Ratio Choose Denominator: Current Ratio Current ratio 1 2017: 1 to 1 (2) Choose Numerator: Acid-Test Ratio Choose Denominator: Acid-Test Ratio 2017: Acid-Test Ratio to 1 Red Req3 > M 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. Reg 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 uncollected. 13) Days' Sales Uncollected Choose Denominator: Days Choose Numerator X Days Sales Uncollected X Days sales uncollected 2017: X days Req 1 and 2 Req 4 > Required: Compute the following (1) current ratio, (2) acid-test ratio, (3) days' sales uncollected, (4) inventory turnover, (5) days' sales (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. LE Reg 1 and 2 Reg 3 Rel Reg 5 Req6 Req 7 Rege Reg 9 Req 10 Reg 11 Compute the inventory turnover. Choose Numerator: Inventory Turnover Choose Denominator: 1 1 Inventory Turnover Inventory turnover 2017: times (6) debt-to-equity ratio on common stockholders' equity. (Do not round intermediate calculations.) Complete this question by entering your answers in the tabs below. Red 1 and 2 Req Reg 4 RE Reg 6 Reg? Reg 8 Reg 9 Reg 10 Reg 11 Compute the days' sales in inventory 15) Days' Sales in Inventory Choose Denominator X Days Choose Nurnerator: x Days' Sales in Inventory Dayst sales in inventory days 2017: 2 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, in times interest eamed, (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. Real and 2 Reg4 Rogs T Reg 7 Req Rag Reg 10 Reti Compute the debt-to-equity ratio. Choose Numerator Debt to Equity Ratio Choose Denominator 2017: Debt-to-Equity Ratio Debt-to-equity ratio 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 16) debt-to-equity ratio. (7) times interest earned, (8) profit margin ratio, (9) total asset tumover (10) return on total assets, and (II) return on common stockholders' equity. (Do not round intermediate calculations.) Complete this question by entering your answers in the tabs below. Ia Reg 4 Reg B Reg 10 Reg 11 Re 1 and 2 Reg 5 Reg 6 Reg 9 Reg3 Compute the times interest earned. Times Interest Earned Choose Numerator: 1 Choose Denominator: Times Interest Earned Times interest earned 2017: 1 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, times interest eamed. (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! and 2 R4 Reqs Reg 6 Reg Reg 10 Req B Reg9 R11 Compute the profit margin ratio. (8) Profit Marin Ratio Choose Denominator Choone Numerator: Profit margin ratio Profit margin ratio 2017: 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 eamed (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 Req Reg 5 Reg 5 Reg 7 Reg 8 Reg 9 Reg 10 Reg 11 Compute the total asset tumover. (9) Total Asset Turnover Choose Denominator Choose Numerator: 1 Total Asset Turnover Total assel turnover times 2017: 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 eamed, (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. SAU Red 1 and 2 Red Reg 4 Reg 3 Reg 6 Reg 7 Rego Reg9 Reg I 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 2017: