Problem 13-4A Calculation of financial statement ratios LO P3 Selected year-end financial statements of Cabot Co December 31, 2016, were inventory $48,900 total assets, $169,400, common stock $83000, and retained earnings, $30,091) rporation follow. (All sales were on credit, selected balance sheet amounts at CABOT CORPORATZON Income Statement for Year Ended December 31, 2017 Sales Cost of goods sold Gross profit Operat ing expenses Interest expense Income before taxes Incone taxes Net income 451,600 298.050 153,550 99,200 4,680 49,750 28,941 5 29,7e CABOT CORPORATION Balance Sheet Decenber 31, 2017 Assets Cash Short-ter" investments Accounts receivable, net Notes receivable (trade)* Merchandise inventory Liabilities and Equity 12, Accounts ayable s 19,580 3,400 3,180 9,200 Accrued wages payable 30,400 Income taxes payable 4,580 30,158 Long-term note payable, secured by 71,400 mortgage on plant assets Prepaid expenses Plant assets, net Total assets 2,650 Common stock 151,380 Retained 83,000 59,800 5 240,200 Total 15abilitles and equity s 240, 286e 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 uncolected, (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 (1) 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 qReg4 Req 5Reg 6R7 Req 8 Rea Req10 Req 11 Compute the days' sales uncollected. Days Days Sales U Nu Days sales uncollected 2017 0 days K Req 1 and 2 Req 4 > Complete this question by entering your answers in the tabs below. RdE Req 1 and 2 Req 3 Req 5 Req 6 Req 7 Req 8 Rego Req 10 Req 11 Compute the inventory turnover. Inventory Choose Numerator: Choose Denominator: Inventory Turnover Inventory turnover 2017 0 times K Req 3 Req 5 > on comimon stocknolders equity. tbo not round nediate cancunati Complete this question by entering your answers in the tabs below. ces Reg 1 and 2 Reg 3 Req 4ReqReq 6 Req 7 Req 8gRe 10 Rea 11 Compute the days' sales in inventory Choose Numerator Choose Denominator: Days sales in inventory 2017 0 days Req 4 Req 6 )