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 $47.900, total assets, $209,400, common stock. $84,000, and retained earnings, $40,821) $ 15,500 2,800 3,100 66,400 84,000 22.500 $ 244,300 CABOT CORPORATION Balance Sheet December 31 of current year Assets Liabilities and Equity Cash $ 18,000 Accounts payable Short-term investments 9,400 Accrued wages payable Accounts receivable, net 33,880 Income taxes payable Merchandise inventory 32,150 Long-tern note payable, secured by mortgage on plant pissets Prepaid expenses 2,650 Common stock Plant assets, net 148,300 Retained earnings Total assets $ 244,368 Total liabilities and equity CABOT CORPORATION Income Statement For Current Year Ended December 31 Sales $ 453,680 Cost of goods sold 297,950 Gross profit 155,650 Operating expenses 98,700 Interest expense 3,900 Income before taxes 53,050 Income tax expense 21,371 Net income $ 31,679 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 Required: Compute the following: (1) current ratio, (2) acid-test ratio. (3) days' sales uncollected, (4) inventory turnover. (5) days' sal (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. Reg 1 and 2 age 3 Reg 4 Reg 5 Reg 6 Reg 7 Req8 Reg 9 Req 10 Reg 11 Compute the current ratio and acid-test ratio. (1) Numerator; Curre Ratio Denominator: Current Ratio Current ratio to 1 (2) Acid-Test Ratio Denominator: Numerator: Acid-Test Ratio Acid-Test Ratio to 1 Hagama Reg 3 > Required: Compute the following: (1) current ratio, (2) acid-test ratio, (3) days sales uncollected, (4) inventory turnover (5) days' sales in in (6) debt-to-equity ratio, (7) times interest earned, (8) profit margin ratio, (9) total asset turnover (10) return on total assets, and (11 on equity. (Do not round intermediate calculations.) Complete this question by entering your answers in the tabs below. Req 1 and 2 Reg 3 Reg 4 Reg 5 Reg 6 Reg 7 Req8 Reg 9 Reg 10 Reg 11 Compute the days' sales uncollected (3) 3) Numerator: Days' Sales Uncollected 1 Denominator: Days 1 Days Sales Uncollected Days salos uncollected days Complete this question by entering your answers in the tabs below. Req 1 and 2 Reg 3 Reg 4 Reg 5 Reg 6 Req 7 Req 8 Reg 9 Reg 10 Reg Compute the inventory turnover. (4) Numerator: Inventory Turnover Denominator: HI Inventory Turnover Inventory turnover times Complete this question by entering your answers in the tabs below. Req 1 and 2 Reg 3 Reg 4 Reg 5 Reg 6 Reg 7 Req8 Req 9 Reg 10 Reg 11 Compute the days' sales in inventory. (5) Days' Sales In Inventory Denominator: Numerator: Days X - Days' Sales in Inventory Days' sales in inventory days 1 x Reg4 Req6 > Complete this question by entering your answers in the tabs below. Req 1 and 2 Reg 3 Req 4 Reg 5 Reg 6 Req7 Req8 Reg 9 Reg 10 Reg 11 Compute the debt-to-equity ratio. (6) Numerator: Debt-to-Equity Ratio Denominator: . Debt-to-Equity Ratio Debt-to-equity ratio to 1 ( Req5 Req7 > Required: Compute the following: (1) current ratio, (2) acid-test ratio, (3) days' sales uncollected, (4) inventory turnover. (5) days' sales in in (6) debt-to-equity ratio, (7) times interest earned. (8) profit margin ratio, (9) total asset turnover, (10) return on total assets, and (1 on equity. (Do not round intermediate calculations.) Complete this question by entering your answers in the tabs below. Reg 1 and 2 Reg 3 Reg 4 Reg 5 Reg 6 Req7 Reg 8 Reg 9 Reg 10 Reg 11 Compute the times interest earned. (7) Times Interest Earned Denominator: Numerator: Times Interest Earned Times interest earned times 1 (6) debt-to-equity ratio, (7) times interest earned. (8) profit margin ratio (9) total asset turnover (10) return on to on equity. (Do not round intermediate calculations.) Complete this question by entering your answers in the tabs below. Req 1 and 2 Reg 3 Reg 4 Reg 5 Reg 6 Req 7 Req 8 Reg 9 Reg 10 Compute the profit margin ratio. (8) Profit Margin Ratio Denominator: Numerator: 11 Profit margin ratio Profit margin ratio % Complete this question by entering your answers in the tabs below. Req 1 and 2 Reg 3 Req 4 Reg 5 Reg 6 Req 7 Reg 8 Reg 9 Req 10 Compute the total asset turnover. (9) Total Asset Turnover Denominator: Numerator: 11 Total Asset Turnover Total asset turnover times 11 Complete this question by entering your answers in the tabs below. *** Req 1 and 2 Reg 3 Reg 4 Reqs Reg 6 Reg 7 Reg 8 Reg 9 Reg 10 Reg 11 Compute the return on total assets. (10) Return on Total Assets Denominator: Numerator: Return on Total Assets Return on total assets % ( Req9 Reg 11 > Req 1 and 2 Reg 3 Reg 4 Reg 5 Reg 6 Reg 7 Req8 Reg 9 Reg 10 Reg 11 Compute the return on equity. (11) Numerator: Return on Equity Denominator ### Return On Equity Return on equity