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. $51,900; total assets, $209,400, common stock. $81,000; and retained earnings, $50,217) 13 CABOT CORPORATION Income Statement For Current Year Ended December 31 Sales $ 456,600 Cost of goods sold 298,150 Gross profit 158, 45e Operating expenses 99,000 Interest expense 4,300 Incone before taxes 55,150 Income tax expense 22,217 Net income $ 32,933 Assets Cash Short-term investments Accounts receivable, net Merchandise inventory CABOT CORPORATION Balance Sheet December 31 Liabilities and Equity $ 20,000 Accounts payable 8,200 Accrued wages payable 32,00 Income taxes payable 40,150 Long-ters note payable, secured by mortgage on plant assets 3,100 Common stock 153,300 Retained earnings $256,750 Total liabilities and equity $19.500 4,000 4,700 64,400 Prepaid expenses Plant assets, net Total assets 81,000 83,150 $ 256,750 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 (tt) 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 Req3 Reg 4 Reqs Reg 6 Reg 2 Req8 Req 9 Req 10 Req 11 Compute the current ratio and acid-test ratio. Current Ratio 1 Choose Denominator: Choose Numerator . Current Ratio Current ratio to 1 1 (2) Choose Numerator: Acid-Test Ratio 1 Choose Denominator: 1 Acid-Test Ratio Acid-Test Ratio 1 to 1 Reg 3 > Complete this question by entering your answers in the tabs below. Req 1 and 2 Req 3 Reg 4 Reg 5 Req6 Reg 7 Reg 8 Req9 Reg 10 Reg 11 Compute the days' sales uncollected. (3) Days' Sales Uncollected Choose Numerator: Choose Denominator: Days X Days Sales Uncollected x Days sales uncollected 1 X days (Reg 1 and 2 Hegd > Complete this question by entering your answers in the tabs below. Req 1 and 2 Req3 Reg 4 Reqs Reg 6 Req 7 Reg 8 Req9 Red 10 Reg 11 Compute the inventory turnover. Inventory Turnover 1 Choose Denominator Choose Numeratori Inventory Turnover = Inventory turnover times Rega Regs > Complete this question by entering your answers in the tabs below. Req 1 and 2 Reg 3 Reg 4 Reg 5 Req 6 Reg 7 Req8 Reg 9 Reg 10 Reg 11 Compute the days' sales in Inventory (5) Days Sales In Inventory Choose Denominator X Choose Numerator: 1 Days Days' Sales in Inventory - Days' sales in inventory days X Complete this question by entering your answers in the tabs below. Reg 1 and 2 Reg 3 Req 4 Reg 5 Reg 6 Reg 2 Req8 Reg 9 Reg 10 Reg 11 Compute the debt-to-equity ratio. (6) Debt-to-Equity Ratio Choose Denominator Choose Numerator Debt-to-Equity Ratio Debt-to equity ratio to 1 1 Rea> 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 Req 10 Reg 11 Compute the times interest earned. (7) Times Interest Earned Choose Numerator: 1 Choose Denominator: Times Interest Earned Times interesteamed times 1 ( Reg. Rege> Complete this question by entering your answers in the tabs below. Req 1 and 2 Reg 3 Req 4 Req5 Reg 6 Reg 7 Req8 Req9 Req 10 Req 11 Compute the profit margin ratio. (8) Profit Margin Ratio Choose Denominator: Choose Numerator: Profit margin ratio Profit margin ratio 1 Complete this question by entering your answers in the tabs below. Req 1 and 2 Reg 3 Reg 4 Reg 5 Req 6 Req 7 Req8 Reg 9 Req 10 Reg 11 Compute the total asset turnover, (9) Total Asset Turnover Choose Denominator: Choose Numerator: Total Asset Turnover Total asset turnover mes Reg 10 > 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 Red 8 Reg 9 Req 10 Reg 11 Compute the return on total assets. (10) Choose Numerator: Return on Total Assets Choose Denominator: 1 Return on Total Assets Return on total assets % Complete this question by entering your answers in the tabs below. Req 1 and 2 Reg 3 Reg 4 Reg 5 Reg 6 Reg 2 Req8 Reg 9 Reg 10 Reg 11 Compute the return on common stockholders' equity Return on Common Stockholders' Equity Choose Denominator Choose Numerator: - Return On Common Stockholders' Equity Rotum on common stockholders' equity