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, $199,400; common stock, $81,000; and retained earnings, $52,360.) CABOT CORPORATION Income Statement For Current Year Ended December 31 Sales Cost of goods sold Gross profit Operating expenses. Interest expense Income before taxes Income tax expense Net income. $447,600 298,050 149,550 99,100 4,500 45,950 18,510 $ 27,440 Assets Cash Short-term investments Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets CABOT CORPORATION Balance Sheet December 31 Liabilities and Equity $ 16,000 Accounts payable $18,500 9,200 Accrued wages payable 3,200 30,800 Income taxes payable 4,400 40,150 Long-tern note payable, secured by 65,400 mortgage on plant assets 81,000 Retained earnings 79,800 $252,300 2,850 Common stock 153,300 $ 252,300 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 inven (6) debt-to-equity ratio, (7) times interest earned, (8) profit margin ratio, (9) total asset turnover, (10) return on total assets, and (11) re- 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 101 Req 11 Compute the profit margin ratio. (8) Choose Numerator: Current assets Profit Margin Ratio Choose Denominator: Current liabilities Profit margin ratio Profit margin ratio < Req 7 Req 9 > 0 % 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 q9 Req 10 Req 11 Compute the total asset turnover. (9) Choose Numerator: Current assets Total Asset Turnover 1 Choose Denominator: Current liabilities Total Asset Turnover Total asset turnover 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 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) Choose Numerator: Current assets Return on Total Assets Choose Denominator: Current liabilities Return on Total Assets Return on total assets = 0% 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 Riq 11 Compute the return on common stockholders' equity. (11) Choose Numerator: Return on Common Stockholders' Equity Choose Denominator Current assets: Current liabilities Average total assets B Return On Common Stockholders' Equity Return on common stockholders' equity < Req 10 11>