selected current year and financial statements of Cabot corporation follow. (All sales were on credit; selected balance sheet amounts at December 31 of the prior year were inventory, $55,900; total assets, $209,400; common stock, $87,000; and retained earnings, $38,959.)

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, $55.900: total assets, $209,400; common stock, $87,000, and retained earnings, $38,959) CABOT CORPORATION Income Statement For Current Year Ended December 31 Sales $.449,600 207,050 Cost of goods sold Gross profit 152,550 Operating expenses 99, 200 Interest expense 4,300 Income before taxes. 49,050 Income tax expense 19,759 Net income $ 29,291 CABOT CORPORATION Balance Sheet December 31 Assets Cash $ 18,000 Accounts payable $ 16,500 Short-term investments 3,400 3,400 Accounts receivable, net Merchandise inventory. 67,400 87,000 Prepaid expenses Liabilities and Equity 9,500 Accrued wages payable 32,400 Income taxes payable 30,150 Long-term note payable, secured by mortgage on plant assets. 2,500 Common stock Prost 702 Next CABOT CORPORATION Balance Sheet December 31 $ 16,500 Assets Cash Short-term investments i Accounts receivable, net Liabilities and Equity $ 18,000 Accounts payable 9,600 Accrued wages payable 32,400 Income taxes payable 30,150 3,400 3,400 Merchandise inventory Long-term note payable, secured by 67,400 mortgage on plant assets Prepaid expenses 2,500 Common stock 87,000 68,250 153, 300 Retained earnings Plant assets, net Total assets $ 245,950 Total liabilities and equity $245,950 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 Compute the current ratio and acid-test ratio. (3) Current Ratio Choose Numerator: 1 Choose Denominator: Current Ratio Current ratio 1 7 Acid-Test Ratio Choose Numerator: T Choose Denominator: Acid-Test Ratio Acid-Test Ratio 1 (2) W = # Req 3 > Req 9 to 1 to 1 Req 10 Req 11 Complete this question by entering your answers in the tabs below. Req 1 and 2 Red 3 Req 4 Req 5 Req 6 Req 7 Req 8 Req 9 Compute the days' sales uncollected. (3) Days' Sales Uncollected Choose Numerator: 1 X Days Sales Uncollected Days sales uncollected days Choose Denominator: Days Req 10 Req 11 on common stocknolders 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 Compute the inventory turnover. (4) Inventory Turnover Choose Numerator: Choose Denominator: Inventory Turnover Inventory turnover times Req 9 Req 10 Req 11 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 Regls Req 6 Req 7 Req 8 Compute the days' sales in inventory. (5) Days' Sales in Inventory Choose Numerator: 1 1 T Choose Denominator: Req 11 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 S Req 6 Req 7 Req 8 Req9 Compute the debt-to-equity ratio. (6) Debt-to-Equity Ratio Choose Numerator: Choose Denominator: Debt-to-Equity Ratio Debt-to-equity ratio to 1 Req 10 Req 11 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 Compute the times interest earned. ( Times Interest Earned Choose Denominator: Choose Numerator: 1 Reg 10 Roq 11 Times Interest Earned Times interest eamed times 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 B Compute the profit margin ratio. (8) Profit Margin Ratio Choose Denominator: Choose Numerator: Profit margin ratio Profit margin ratio Req 9 % Req 10 Req 11 Complete this question by entering your answers in the tabs below. Req 1 and 2 Req 3 Req 4 Req Req 6 Req 7 Req 8 Req 9 Compute the total asset turnover. (9) Total Asset Turnover Choose Numerator: Choose Denominator: Total Asset Turnover = Total asset turnover times 1 Req 10 Reg 11 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 Compute the return on total assets. (10) Return on Total Assets Choose Numerator: 1 Return on Total Assets Return on total assets 1 1 Choose Denominator: Req10 % Req 11 ork Saved On Common SOLIDES quay to OLTOun mereude canc Complete this question by entering your answers in the tabs below. Req 1 and 2 Req 3 Req 4 Req 5 Req6 Req 7 Req 8 Req9 Compute the return on common stockholders' equity. Return on Comman Stockholders' Equity (11) Choose Numerator: Choose Denominator 1