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 at December 31, 2016, were inventory, $54,900; total assets, $189,400; common stock, $80,000; and retained earnings, $44,714.) CABOT CORPORATION Income Statement For Year Ended December 31, 217 Sales Cost of goods sold Gross profit Operating expenses Interest expense Income before taxes Income taxes Net income $ 450, 600 296, 95 153, 6560 99, 000 4, 100 50, 550 20, 364 $ 30, 186 CABOT CORPORATION Balance Sheet December 31, 2017 Assets Cash Short-term investments Accounts receivable, net Notes receivable (trade) Merchandise inventory Liabilities and Equity 22,00 Accounts payable 33,29 Income taxes payable 30,150 Long-term note payable, secured by $ 18,500 4,000 3, 700 9,200 Accrued wages payable 3, 000 70, 400 mortgage on plant assets Prepaid expenses Plant assets, net Total assets 2, 650 Common stock 151,300 Retained earnings 80, 000 74,900 $ 251, 5 $ 251, 500 Total liabilities and equity 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 Req 3 Req4 Req 5 Req 6 Req 7Req 8 Req 9 Req 10 Req 11 Compute the current ratio and acid-test ratio Choose Numerator: Choose Denominator:Current Ratio Current ratio 0 to 1 2017: Choose Numerator: Choose Denominator:Acid-Test Ratio Acid-Test Ratio = o to 1 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 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 Req 3Req 4 Req 5 Req 6Re7 Req 8 Req 9 Req 10 Req 11 Compute the days' sales uncollected Days' Sales Uncollected Choose Numerator:Choose Denominator: xDaysDays Sales Uncollected Days sales uncollected O days 2017 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 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 Req 3 Req 4 Req 5 Req 6 Req 7 Req 8 Req 9 Req 10 Reg 11 Compute the inventory turnover. Choose Numerator: 1 Choose Denominator: -Inventory Turnover Inventory turnover O 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, (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 Req 3 Req 4 Req 5 Req 6Req 7 Req 8 Req 9 Req 10 Req 11 Compute the days' sales in inventory. Days' Sales in Inventory Choose Numerator: Choose Denominator:Days Days' Sales in Inventory Days' sales in inventory 2017: 0 days Req 4 Req 6 > 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 Req 3 Req 4 Req 5Req 6RReq 8 Req 9 Req 10 Req 11 Compute the times interest earned Times Interest Earned Choose Numerator: Choose Denominator: Times Interest Earned Times interest earned 2017 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 5 Req 1 and 2 Req 3 Req 4 Req 6 Req 9 Req 10 Req 11 Compute the profit margin ratio. Profit Margin Ratio Choose Numerator:Choose Denominator:Profit margin ratio Profit margin ratio 0 % 2017