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, $47,900; total assets, $249,400; common stock. $89,000; and retained earnings. $41,002.) CAROT CORPORATION Income Statement Por Current Year Ended December 31 Sales $.451,600 Cost of goods sold 298,050 Gross profit 153,550 Operating expenses 99,500 Interest expense 3.900 Income before taxes 50,150 Income tax expense 20,202 Net income $ 29,948 CANOT CORPORATION Balance sheet December 31 Liabilities and Equity $ 16,000 Accounts payable 9,000 Acerued vagen payable 31,800 Tocome taxes payable 38,150 Long-term note payable, secured by mortgage on plant asset 2.900 Common stock 152,300 Retained earnings $ 250,150 Total abilities and equity Assets Cash Short-term investments Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets 16,500 3,000 4.300 66,400 89,000 70,950 $ 250,150 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. Complete this question by entering your answers in the tabs below. Reg 3 Reg 4 Req 1 and 2 Reg 5 Reg 6 Reg Req 8 Reg 9 Reg 10 Reg 11 Compute the current ratio and acid-test ratio. 11) Current Ratio Choose Numerator Choose Denominator Current Ratio Current ratio to 1 (2) Acid-Test Ratio Choose Denominator: Choose Numerator: Acid-Test Ratio Acid-Test Ratio to 1 Complete this question by entering your answers in the tabs below. Req7 Req8 Reqs Req 6 Reg 9 Reg 11 Req 10 Req 1 and 2 Reg 3 Reg 4 Compute the days' sales uncollected (3) Days Sales Uncollected Choose Denominator: Days Choose Numerator: Days Sales Uncollected Days sales uncollected 1 days Complete this question by entering your answers in the tabs below. Req 1 and 2 Req3 Reg 4 Reg 5 Reg 6 Req 7 Req8 Req 9 Req 10 Req 11 Compute the inventory turnover. Inventory Turnover Choose Numerator: Choose Denominator Inventory Turnover Inventory turnover times ( Req3 Req5 > Complete this question by entering your answers in the tabs below. Reg 3 Reg 1 and 2 Reg 4 Reals Reg 6 Reg 7 Req8 Reg 9 Reg 10 Reg 11 Compute the days' sales in inventory Days' Sales In Inventory Choose Denominator Choose Numerator: Days Days' Sales In Inventory - Days' sales in inventory daya X ( Req4 Req 6 > Complete this question by entering your answers in the tabs below. Reg 1 and 2 Req3 Req 4 Reg 5 Req6 Reg 7 Req 8 Req9 Reg 10 Req 11 Compute the debt-to-equity ratio. (6) Debt-to-Equity Ratio Choose Denominator Choose Numerator 1 Dobt-to-Equity Ratio Debt-to-equity ratio 101 Complete this question by entering your answers in the tabs below. Req 1 and 2 Req3 Reg 4 Reqs Reg 6 Req 7 Reg 8 Reg 9 Req 10 Reg 11 Compute the times interest earned. (7) Times Interest Earned Choose Denominator Choose Numerator Times Interest Earned Times interest oamed times Complete this question by entering your answers in the tabs below. Req3 Req 1 and 2 Reg 4 Reg 5 Reg 6 Req 7 Reg Reg 9 Reg 10 Reg 11 Compute the profit margin ratio. (8) Profit Margin Ratio Choose Denominator: Choose Numerator - Profit margin ratio -Profit margin ratio % on common stockholders' 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 10 Req 11 Rbq9 Reg 9 Compute the total asset turnover. Total Asset Turnover Choose Denominator: Choose Numerator Total Asset Turnover Total asset tumover times on immoll Complete this question by entering your answers in the tabs below. Reg 3 Req 1 and 2 Reg 4 Reg 5 Reg 6 Req 7 Reg 8 Reg 9 Rear 10 Req 11 Compute the return on total assets. (10) Return on Total Assets Choose Denominator: Choose Numerator Return on Total Assets Return on total assets eq 1 and 2 Reg 3 Req 4 Reg 5 Reg 6 Req7 Reg 8 Req9 Reg 10 Rea 1 Reg 11 compute the return on common stockholders' equity. Return on Common Stockholders' Equity Choose Denominator Choose Numerator Return On Common Stockholders' Equl - Return on common stockholders' equity Roq 10
