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, 553,900 total assets. $219,400, common stock $86,000, and retained earnings $38,472) CABOT CORPORATION Income Statement Toe Current Year Ended December 31 Sales $ 455,600 Cost of goods sold 298,450 Gross profit 157,150 Operating expenses 98,900 Interest expense 3.700 Income before taxes 53,550 Income tax expense 21,572 Net Income $ 31,978 Assets Cash Short-term Investments Accounts receivable, net Merchandise inventory CADOT CORPORATION Balance Sheet December 31 Liabilities and Equity $ 8,000 Monts payable 9,400 Meered wages payable 32.200 Income taxes payable 40,150 Long-term note payable, secured by mortgage on plant assets 2,000 Commen stock 153,300 Retained earning $ 245,850 Total liabilities and equity 4.000 4.500 $3,400 Prepaid expenses Plant assets, bet Total asset 36,000 70.450 245,50 Required: Compute the following (1) current ratio, (2) acid-test ratio, (3) days' sales uncollected. (4) inventory turnovec (5) days' sales in inventory (6) debt-to-equity ratio, 7) times interest earned, (8) profit margin ratio. (9) total asset turnover, no return on total assets, and return on common stockholders' equity (Do not round intermediate calculations.) Complete this question by entering your answers in the tabs below. Reo 1 and 2 Hea Read Reqs Reg Reg Compute the current ratio and acid-test ratio. Currean Chase Denonton Cheetan 1 4 Choose Che Dee AT Required: Compute the following: (1) current ratio, (2) acid-test ratio. (3) days' sales uncollected (4) Inventory turnover. (5) days' sales in inve (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 common stockholders' equity. (Do not round intermediate calculations.) Complete this question by entering your answers in the tabs below. Req 1 and 2 Reg 3 Req 4 Reqs Reg 6 Req 7 Reg 8 Reg 9 Req 10 Req 11 Compute the days' sales uncollected. (3) Days Sales Uncollected Choose Denominator x Days Choose Numerator 1 Days Sales Uncollected 1 X Days sales uncollected 1 X days 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 (1) 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 Reg 3 Reg 4 Reg 5 Reg 6 Req 7 Req8 Req9 Req 10 Req11 Compute the inventory turnover. Inventory Turnover Choose Denominator Chooso Numerator: Inventory Turnover Inventory turnover times 1 Complete this question by entering your answers in the tabs below. Reg 1 and 2 Reg 3 Reg 4 Reqs Req 6 Reg 7 Req8 Reg 9 Req 10 Reg 11 Compute the debt-to-equity ratio. (6) Debt-to-Eguilty Ratio Choose Denominator: Choose Numerator: Debt-to-Equity Ratio - Debt-to-equity ratio to 1 1 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 Req9 Reg 10 Req 11 Compute the times interest earned. (7) Times Interest Earned Choose Numerator: 1 Choose Denominator: Times Interest Earned Times Interest earned 1 times Req Req8 > 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, and on common stockholders' equity (Do not round intermediate calculations.) Complete this question by entering your answers in the tabs below. Reg 6 Req 7 Req8 Reg 9 Reg 10 Reg 5 Reg 11 Req 1 and 2 Reg 3 Reg 4 Compute the profit margin ratio. (8) Profit Margin Ratio Choose Denominator: Choose Numeratori Profit margin ratio Profit margin ratio / Required: Compute the following: (1) current ratio, (2) acid-test ratio, (3) days' sales uncollected (4) inventory turnover, (5) days' sales in inv (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 common stockholders' equity. (Do not round intermediate calculations.) Complete this question by entering your answers in the tabs below. Req 1 and 2 Reg 3 Req 4 Reg 5 Req6 Reg 7 Req8 Reg 9 Reg 10 Reg 11 Compute the return on total assets. (10) Return on Total Assets Choose Denominator: Choose Numerator: Rotum on Total Assets Return on total assets 1 1 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. Reg 1 and 2 Reg 3 Reg 4 Reg 5 Reg 6 Reg 7 Reg 8 Req9 Reg 10 Req 11 Compute the return on common stockholders' equity. Return on Common Stockholders' Equity Choose Denominator Choose Numerator Return On Common Stockholders' Equity - Return on common stockholders' equity
