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, $50,900; total assets, $239,400; common stock, $89,000; and retained earnings, $27,605.) CABOT CORPORATION Balance Sheet December 31 of current year Liabilities and Equity Assets. Cash Short-term investments Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets CABOT CORPORATION Income Statement $ 18,000 8,400 29,800 32,150 Long-term note payable, secured by mortgage on plant assets Accounts payable. Accrued wages payable Income taxes payable. 2,850 Common stock 149,300 Retained earnings $240,500 Total liabilities and equity For Current Year Ended December 311 Sales Cost of goods sold $ 448,600 297,850 $ 18,500 3,000 3,600 70,400 89,000 56,000 $ 240,500 Gross profit operating expenses Interest expense Income before taxes Income tax expense Net income Required: 150,750 98,700 4,500 47,550 19,155 $ 28,395 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. 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: Current assets Current Ratio Denominator: Current liabilities = Current Ratio Current ratio: 0 to 1 (2) Acid-Test Ratio Numerator: 1 Denominator: Acid-Test Ratio / Acid-Test Ratio 0 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) Numerator: Days' Sales Uncollected Denominator: x Days = Days Sales Uncollected Days sales uncollected O 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) Numerator: 1 1 Inventory Turnover Denominator: # Inventory Turnover Inventory turnover 0 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 111 Compute the days' sales in inventory. (5) Numerator: Days' Sales in Inventory Denominator: x Days Days' Sales in Inventory x x = Days' sales in inventory 0 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 debt-to-equity ratio. (6) Numerator: / Debt-to-Equity Ratio, Denominator: Debt-to-Equity Ratio Debt-to-equity ratio. 0 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 0 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 profit margin ratio. (8) Numerator: Profit Margin Ratio Denominator: Profit margin ratio = Profit margin ratio 0% < 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: Denominator: Total Asset Turnover Total asset turnover 0 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 Reg 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 < Req 10 Req 11 > Return On Equity Return on equity