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. $55.900; total assets. $199.400: common stock. $84,000; and retained earnings. $41,169.) CABOT CORPORATION Income Statement For Current Year Ended December 31 Sales $ 449,600 Cost of goods sold 297,650 Gross profit 151,950 Operating expenses 99,000 Interest expense 4,000 Income before taxes 48,950 Income tax expense 19,719 Net income $ 29,231 $ Assets Cash Short-term investments Accounts receivable, not Merchandise inventory CABOT CORPORATION Balance Sheet December 31 Liabilities and Equity $ 16,000 Accounts payable 9,000 Accrued wages payable 28,600 Income taxes payable 34,150 Long-tern note payable, secured by mortgage on plant assets 2,950 Comnon stock 151,300 Retained earnings $ 242,800 Total liabilities and equity 15,500 3,200 3,500 65, 480 Prepaid expenses Plant assets, net Total assets 84,000 70,400 $ 242,000 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. Req 1 and 2 Reg 3 Reg 4 Req5 Reg 6 Reg 7 Reg 8 Reg 9 Reg 10 Reg 11 Compute the current ratio and acid-test ratio. (1) Current Ratio Choose Denominator: Choose Numerator: 1 Current Ratio Current ratio to 1 1 (2) Acid-Test Ratio Choose Denominator: Choose Numerator: 1 1 - Acid-Test Ratio = Acid-Test Ratio to 1 (Reg 1 and Req3 > eBook Complete this question by entering your answers in the tabs below. Print eferences Req 1 and 2 Reg 3 Req 4 Reg 5 Reqo Reg 7 Reg 8 Reg 9 Reg 10 Reg 11 Compute the days' sales uncollected. (3) Choose Numerator: 1 Days' Sales Uncollected Choose Denominator Days 1 Days Sales Uncollected - Days sales uncollected days X Complete this question by entering your answers in the tabs below. mt nces Reg 1 and 2 Reg 3 Reg 4 Req 5 Req 6 Req 7 Reg 8 Req 9 Reg 10 Reg 11 Compute the inventory turnover. (4) Inventory Turnover Choose Denominator: Choose Numerator: 1 Inventory Turnover Inventory turnover 1 times BOOK Complete this question by entering your answers in the tabs below. rences Req 1 and 2 Reg 3 Reg 4 Reg 5 Reg 6 Reg 7 Reg 8 Reg 9 Reg 10 Reg 11 Compute the days' sales in inventory (5) Days' Sales In Inventory Choose Denominator: Choose Numerator: 1 X Days 1 X Days' Sales In Inventory Days' sales in inventory days X ook Complete this question by entering your answers in the tabs below. ences Req 1 and 2 Req3 Reg 4 Reg 5 Reg 6 Reg 7 Reg 8 Req 9 Reg 10 Reg 11 Compute the debt-to-equity ratio. (6) Debt-to-Equity Ratio Choose Denominator: Choose Numerator: 1 1 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 Req3 Reg 4 Req 5 Req 6 Reg 7 Req 8 Reg 9 Req 10 Compute the profit margin ratio. (8) Choose Numerator: Profit Margin Ratio Choose Denominator: 1 Profit margin ratio Profit margin ratio / k Complete this question by entering your answers in the tabs below. ces Req3 Req 1 and 2 Reg 5 Req 4 Req 6 Req7 Reg 8 Reg 9 Reg 10 Reg 11 Compute the return on total assets. (10) Return on Total Assets Choose Denominator: Choose Numerator: 1 Return on Total Assets Return on total assets 4 % 1 Complete this question by entering your answers in the tabs below. Req 1 and 2 Req3 Reg 4 Reg 5 Reg 6 Reg 7 Reg Reg9 Reg 10 Reg 11 Compute the return on common stockholders' equity. (11) Return on Common Stockholders' Equity Choose Denominator Choose Numerator: - Return On Common Stockholders' Equity Return on common stockholders' equity