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, $54.900, total assets. $169,400, common stock, $84.000; and retained earnings. $46.955.) CABOT CORPORATION Income Statement For Current Year Ended December 31 Sales $ 449,600 Cost of goods sold 297,950 Gross profit 151,650 Operating expenses 99,200 Interest expense 4,900 Income before taxes 47,550 Income tax expense 19, 155 Net income $ 28,395 Assets Cash Short-term investments Accounts receivable, net Merchandise inventory $ CABOT CORPORATION Balance Sheet December 31 Liabilities and Equity $ 14,000 Accounts payable 3,800 Accrued wages payable 32,800 Income taxes payable 38,150 Long-term note payable, secured by mortgage on plant assets 3,000 Common stock 152,300 Retained earnings $ 249,050 Total liabilities and equity 18,500 4,000 3,800 63,400 Prepaid expenses Plant assets, net Total assets 84,000 75, 350 $ 249,050 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 Reg 5 Reg 6 Reg 7 Req 8 Req 9 Reg 10 Reg 11 Compute the current ratio and acid-test ratio. The formula for the current ratio is: Current Assets + Curent Liabilities The formula for the acid-test ratio is: (Cash + Short-Term Investments + Current Receivables) + Current Liabilities or: Quick Assets + Current Liablities Show less Choose Numerator: Current Ratio Choose Denominator: Current Ratio Current ratio to 1 1 (2) Choose Namorator: Acid Test Ratio 1 Chooso Denominator Acid Test Ratio Acid-Test Ratio 101 Req3 > Compute the days' sales uncollected. The formula for days' sales uncollected is: (Accounts Receivable, net - Net Sales) x 365 (3) Days Sales Uncollected Choose Denominator: Days Choose Numerator: 1 Days Sales Uncollected Days sales uncollected X X days Complete this question by entering your answers in the tabs below. Reg 1 and 2 Req3 Reg 4 Reg 5 Req 6 Reg 7 Reg 8 Reg 9 Reg 10 Reg 11 Compute the inventory turnover. The formula for inventory turnover is: Cost of Goods Sold + Average Inventory Inventory Turnover Choose Numerator Choose Denominator: Inventory Tumover Inventory turnover 7 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 Reg 8 Reg 9 Req 10 Reg 11 Compute the days' sales in inventory. The formula for days' sales in Inventory is: (Ending Inventory + Cost of Goods Sold) x 365 (5) Days Sales in Inventory Choose Numerator; 1 Choose Denominator: x Days Days' Sales In Inventory = Days' sales in inventory 1 1 days 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 Reg 8 Reg 9 Reg 10 Reg 11 Compute the times interest earned. The formula for times interest earned is: Income before interest expense & taxes + Interest Expense Times Interest Esmed Choose Numerator: Choose Denominator: Times Interest Earned Times interest earned times 1 Complete this question by entering your answers in the tabs below. Reg 1 and 2 Reg 3 Reg 4 Reg 5 Reg 6 Req 7 Reg 8 Reg 9 Reg 10 Reg 11 Compute the total asset turnover. The formula for total asset turnover is: Net Sales + Average Total Assets (9) Total Asset Turnover Choose Numerator: Choose Denominator Total Asset Turnover Total asset turnover times Complete this question by entering your answers in the tabs below. Reg 1 and 2 Reg 3 Reg 4 Reg 5 Reg 6 Reg7 Reg 8 Reg 9 Reg 10 Reg 11 (10) Compute the return on total assets. The formula for return on total assets is: Net Income + Average Total Assets Return on Total Assats Choose Numerator Choose Denominator Return on Total Assets Return on total assets Complete this question by entering your answers in the tabs below. 2 1 and 2 Reg 3 Reg 4 Reg 5 Reg 6 Reg 7 Req8 Reg 9 Reg 10 Reg 11 Compute the return on common stockholders' equity The formula is: (Net Income - Preferred Dividends) + Average Common Stockholders' Equity 11) Retur.onCommen Stockholders Equity Choose Numerator Choose Denominator Retum On Common Stockholders Equity Return on common stockholders equity