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 $56.900: total assets, $219.400: common stock. $86.000; and retained earnings $46,288.) Assets Cash Short-term investments Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets CABOT CORPORATION Balance Sheet December 31 of current year Liabilities and Equity $ 18,000 Accounts payable 9,000 Accrued wages payable 31,400 Income taxes payable 36,150 Long term note payable, secured by more on plant assets 3,150 Connon stock 152, 300 Retained earnings $ 250,000 Total liabilities and equity $ 16,500 4,200 4,500 61,400 35,000 75,400 $ 250,000 CARIOT CORPORATION Income Statement For Current Year Ended December 31 Sales $ 449,600 Cost of goods sold 298,050 Gross profit 151,550 Operating expenses 98,900 Interest expense 3.900 Income before taxes 48,75e Income tax expense 19,638 Het income $ 29,112 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 (to) return on total assets, and (In return on equity (Do not round intermediate calculations.) required: Compute the following: (1) current ratio, (2) acid test ratio, () 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 (II) return on equity. (Do not round Intermediate calculations.) Complete this question by entering your answers in the tabs below. Req 1 and 2 Reg 3 Reg4 Reg 5 Req6 Reg 2 Reg 8 Req9 Red 10 Reg 11 CE Compute the current ratio and acid-test ratio 11) Current Ratio Denominator: Numerator 1 2 Current Ratio Current ratio to 1 12) Acid-Test Ratio Denominator Numerator: - Acid-Test Ratio Acid-Test Ratio to 1 Regina 2 Req3 > times interest earned. (8) profit mar on equity. (Do not round Intermediate calculations.) ver. (5) days sales in inventory (9) total asset turnover (10) return on total assets, and (11) return Complete this question by entering your answers in the tabs below. Reg 1 and 2 Req3 Reg 4 Reg 5 Req6 Reg 7 Reg 8 Req9 Reg 10 Reg 11 Compute the days' sales uncollected Numerator Days Sales Uncollected Denominator: Days Days Sales Uncollected Days sales uncollected days na intermediate calculations. Complete this question by entering your answers in the tabs below. Regs Reg 6 Reg 7 Reg 8 Reg 9 Reg 10 Reg 11 Req 1 and 2 Reg 3 Reg 4 Compute the inventory turnover. Inventory Turnover Denominator: Numerator: 1 Inventory Turnover Inventory turnover times 1 intermediate calculations. Complete this question by entering your answers in the tabs below. Req 1 and 2 Reg 3 Reg4 Reqs Reg 6 Reg 7 Req8 Reg. Reg 10 Reg 11 Compute the days' sales in Inventory. (5) Days' Sales In Inventory Denominator Numocador Daya Days' Sales in Inventory Days sales in inventory days 1 Required: Compute the following: (1) current ratio, (2) acid-testery sales uncollected. (4) inventory turnover (5) days sales in Inventory (6) debt-to-equity ratio, () times interest earned, (8) margin ratio (9) total asset turnover. (10) return on total assets, and (11) return on equity. (Do not round intermediate 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 Req8 Reg 9 Reg 10 Reg 11 Compute the debt-to-equity ratio (8) Debt-to-Equity Ratio Denominator: Numerator Debt-to-Equity Ratio Debt-to equity ratio to 1 1 vero unover (5) days sales in inventory (6) debt-to-equity ratio. (7) times interest earned. (8) pro margin ratio. (9) total asset turnover (10) return on total assets, and (10) return on equity. (Do not round intermediate calculations.) Complete this question by entering your answers in the tabs below. Req 1 and 2 Reg 3 Reg 4 Reg 5 Req6 Req7 Req Reg 9 Reg 10 Reg 11 Compute the times interest earned. Times Interest Eamed Denominator Numerator: Times Interest Earned Times interest earned times Required: Compute the following: (1) current ratio, (2) acid test rationes uncollected, (4) inventory turnover (5) days' sales In Inventory (6) debt-to-equity ratio. (l) times interest earned. (8) progin ratio, (9) total asset turnover (10) return on total assets, and (11) return on equity. (Do not round intermediate calculations.) Complete this question by entering your answers in the tabs below. Reg 1 and 2 Req3 Reg 4 Rogs Req 6 Reg 7 Reg 8 Reg 9 Reg 10 Reg 11 Compute the profit margin ratio. (8) Profit Margin Ratio Denominator: Numerator Profit margin ratio Profit margin ratio / 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 earned. (8) profit margin ratio (9) total asset turnover (10) return on total assets, and (11) return on equity. (Do not round intermediate calculations.) Complete this question by entering your answers in the tabs below. Reg 1 and 2 Reg 3 Reg4 Reg 5 Reg 6 Reg 7 Req 8 Reg 9 Reg 10 Reg 11 Compute the total asset turnover. 091 Total Asset Turnover Denominator: Numerator 2 = Total Asset Turnover Total asset turnover times 1 Required: Compute the following: (1) current ratio, (2) acid teatio. (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 equity. (Do not round intermediate calculations.) Complete this question by entering your answers in the tabs below. 300 int Reg 1 and 2 Reg 3 Reg 4 Reg 5 Reg 6 Reg 7 Reqs + Reg 9 Reg 10 Reg 11 eices Compute the return on total assets. 110) Return on Total Assets Denominator Numerator 1 Return on Total Assets Return on total assets % Required: Compute the following: (t) 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 earned. (8) profit margin ratio. (9) total asset turnover (16) return on total assets, and (11) return on 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 Req6 Reg 7 Req8 Req9 Reg 10 Reg 11 Compute the return on equity. Return on Equity Denominator Numerator: Return On Equity Return on equity 1