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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

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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, $219,400, common stock, $85,000; and retained earnings, $27,243) CABOT CORPORATION Balance Sheet December 31 of current year Assets Liabilities and Equity Cash $ 12,000 Accounts payable $ 18,500 Short-term investments 8,000 Accrued wages payable 3,800 Accounts receivable, net 31,800 Income taxes payable 4,800 Merchandise inventory 30,150 Long-term note payable, secured by mortgage on plant assets 63,400 Prepaid expenses 2,650 Common stock 85,000 Plant assets, net 150,300 Retained earnings 59,400 Total assets $ 234,900 Total liabilities and equity $ 234,900 CABOT CORPORATION Income Statement For Current Year Ended December 31 Sales $ 454,600 Cost of goods sold 297,550 Gross profit 157,050 Operating expenses 98,800 Interest expense 4.400 Income before taxes 53,850 Income tax expense 21,693 Net income $32,157 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. Reg 1 and 2 Req3 Reg 4 Reg 5 Reg 6 Reg Reg 8 Reg 9 Reg 10 Reg 11 Compute the total asset turnover COCORATION Form 5454,00 Cited 297.850 157,050 Cow 18.800 4.400 combe SO 21.093 132.17 Required Come the following current ratiossais uncollected. inventory tumovec Gescuit cuts, Dineres med profit margination to asset tomore, return only. Do not und Intermediate clation) Complete the question by entering your wars in the tabs below Come the current Do A. D estate

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