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, $51,900; total assets, $179,400; common stock, $83,000; and retained earnings.. $48,782.) Assets Cash Short-term investments Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets CABOT CORPORATION CABOT CORPORATION Balance Sheet December 31 of current year Liabilities and Equity $ 16,000 Accounts payable $ 16,500 8,200 Accrued wages payable 3,400 31,600 Income taxes payable 3,700 40, 150 2,450 Long-term note payable, secured by mortgage on plant assets Common stock 63,400 83,000 152,300 Retained earnings 80,700 $250,700 Total liabilities and equity $ 250,700 Income Statement For Current Year Ended December 31 Sales Cost of goods sold $ 453,600 297,050 Gross profit Operating expenses Interest expense Income before taxes Income tax expense Net income Required: 156,550 99,100 4,000 53,450 21,532 $ 31,918 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 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 Req 11 Compute the current ratio and acid-test ratio. (1) Numerator: (2) Numerator: Current Ratio Denominator: = Current Ratio Current ratio = to 1 Acid-Test Ratio Denominator: 1 Req Tand 21 Req 3 > Acid-Test Ratio Acid-Test Ratio to 1 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 Req 11 Compute the days' sales uncollected. (3) Days' Sales Uncollected Numerator: Denominator: Days Days Sales Uncollected Days sales uncollected days 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 Req 11 Compute the inventory turnover. (4) Inventory Turnover. Numerator: Denominator: Inventory Turnover Inventory turnover times < Req 3 Req 5 > Complete this question by entering your answers in the tabs below. Req 1 and 21 Req 3 Req 4 Req 5 Req 6 Req 7 Req 8 Req 9 Req 10 Req 11 Compute the days' sales in inventory. (5) Numerator: 1 Days' Sales in Inventory Denominator: Req 4 Days Days' Sales in Inventory Req 6 > Days' sales in inventory days 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 Req 111 Compute the debt-to-equity ratio. (6) Numerator: / Debt-to-Equity Ratio Denominator: Debt-to-Equity Ratio Debt-to-equity ratio to 1 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 Req 11 Compute the times interest earned. (7) Times Interest Earned Numerator: Denominator: = Times Interest Earned = Times interest earned + = times Req 6 Req 8 > 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 Req 11. Compute the profit margin ratio. (8) Numerator: 1 Profit Margin Ratio Denominator: Profit margin ratio = Profit margin ratio % Req 7 Req 9 > 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 Req 11 Compute the total asset turnover. (9) Total Asset Turnover Numerator: 1 Denominator: 1 1 = Total Asset Turnover Total asset turnover < Req 8 Req 10 > 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 8 Req 9 Req 10 Req 11 Compute the return on total assets. (10) Numerator: Return on Total Assets Denominator: Return on Total Assets Return on total assets % 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 Req 11 Compute the return on equity. (11) Numerator: Return on Equity Denominator Return On Equity Return on equity %