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, $53,900; total assets, $169,400; common stock, $82,000; and retained earnings, $27,592.) Assets Cash Short-term investments Accounts receivable, net $ 16,000 CABOT CORPORATION Balance Sheet December 31 of current year Liabilities and Equity Accounts payable 9,200 Accrued wages payable 30,000 Income taxes payable: 30,150 Long-term note payable, secured by mortgage on plant assets Merchandise inventory Prepaid expenses. Plant assets, net 2,800 147,300 Common stock Retained earnings Total assets $ 235,450 Total liabilities and equity CABOT CORPORATION $ 15,500 4,200. 3,900 70,400 82,000 59,450 $ 235,450 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 Required: $ 454,600 296,950 157,650 99,500 4,800 53,350 21,492 $ 31,858 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.) 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 $ 454,600 296,950 157,650 99,500 4,800 53,350 21,492 $ 31,858 Saved Required: Compute the following: (1) current ratio, (2) acid-test ratio, (3) days' sales uncollected, (4) inventory turn (6) debt-to-equity ratio, (7) times interest earned, (8) profit margin ratio, (9) total asset turnover, (10) retu 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 1 Compute the current ratio and acid-test ratio. (1) Numerator: (2) Numerator: / Current Ratio Denominator: Acid-Test Ratio Denominator: = Current Ratio Current ratio to 1 Acid-Test Ratio Acid-Test Ratio to 1 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 $ 454,600 296,950 157,650 99,500 4,800 53,350 21,492 $ 31,858 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 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 days' sales uncollected. (3) Days' Sales Uncollected Numerator: Denominator: Days Days Sales Uncollected Days sales uncollected days 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 $ 454,600 296,950 157,650 99,500 4,800 53,350 21,492 $ 31,858 Required: Compute the following: (1) current ratio, (2) acid-test ratio, (3) days' sales uncollected, (4) inventory turnover, (5) days' sale (6) debt-to-equity ratio, (7) times interest earned, (8) profit margin ratio, (9) total asset turnover, (10) return on total assets, 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 41 Req 5 Req 6 Req 7 Req 81 Req 9 Req 10 Req 11. Compute the inventory turnover. (4) Numerator: Inventory Turnover Denominator: Inventory Turnover Inventory turnover times 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 Required: $ 454,600 296,950 157,650 99,500 4,800 53,350 21,492 $ 31,858 Compute the following: (1) current ratio, (2) acid-test ratio, (3) days' sales uncollected, (4) inventory turnover, (5) days' sa (6) debt-to-equity ratio, (7) times interest earned, (8) profit margin ratio, (9) total asset turnover, (10) return on total asset 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 days' sales in inventory. (5) Numerator: Days' Sales in Inventory Denominator: Days x Days' Sales in Inventory Days' sales in inventory days < Req 4 Req 6 > 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 Required: $ 454,600 296,950 157,650 99,500 4,800 53,350 21,492 $ 31,858 Compute the following: (1) current ratio, (2) acid-test ratio, (3) days' sales uncollected, (4) inventory turnover (6) debt-to-equity ratio, (7) times interest earned, (8) profit margin ratio, (9) total asset turnover, (10) return on 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 Compute the debt-to-equity ratio. (6) Numerator: Debt-to-Equity Ratio Denominator: Debt-to-Equity Ratio = Debt-to-equity ratio to 1 CABUT 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 Required: $ 454,600 296,950 157,650 99,500 4,800 53,350 21,492 $ 31,858 Compute the following: (1) current ratio, (2) acid-test ratio, (3) days' sales uncollected, (4) inventory turnover, (5) days' sales in (6) debt-to-equity ratio, (7) times interest earned, (8) profit margin ratio, (9) total asset turnover, (10) return on total assets, and 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 times interest earned. (7) Times Interest Earned Numerator: Denominator: Times Interest Earned Times interest earned times 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 $ 454,600 296,950 157,650 99,500 4,800 53,350 21,492 $ 31,858 Required: Compute the following: (1) current ratio, (2) acid-test ratio, (3) days' sales uncollected, (4) inventory turnover, (5) days' sales in (6) debt-to-equity ratio, (7) times interest earned, (8) profit margin ratio, (9) total asset turnover, (10) return on total assets, an on equity. (Do not round intermediate calculations.) 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 profit margin ratio. (8) Numerator: Profit Margin Ratio Denominator: Profit margin ratio Profit margin ratio % < Req 7 Req 9 > 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 Required: $ 454,600 296,950 157,650 99,500 4,800 53,350 21,492 $ 31,858 Compute the following: (1) current ratio, (2) acid-test ratio, (3) days' sales uncollected, (4) inventory turnover, (5) days' sales (6) debt-to-equity ratio, (7) times interest earned, (8) profit margin ratio, (9) total asset turnover, (10) return on total assets, a 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: Jeg 9 Req 10. Req 11 Compute the total asset turnover. (9) Numerator: Total Asset Turnover Denominator: Total Asset Turnover Total asset turnover times / 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) Required: $ 454,600 296,950 157,650 99,500 4,800 53,350 21,492 $ 31,858 Compute the following: (1) current ratio, (2) acid-test ratio, (3) days' sales uncollected, (4) inventory turnover, (5) days' sale (6) debt-to-equity ratio, (7) times interest earned, (8) profit margin ratio, (9) total asset turnover, (10) return on total assets, 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 R 10 Req 11 Compute the return on total assets. (10) Numerator: Return on Total Assets Denominator: Return on Total Assets Return on total assets % 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 Required: $ 454,600 296,950 157,650 99,500 4,800 53,350 21,492 $ 31,858 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 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 equity. (11) Numerator: Return on Equity Denominator