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, $239,400, common stock. $87000; and retained earnings, $33,960.) Annota Cash Short-term investments Accounts receivable, net Merchandise inventory Prepaid expenses Dlant anneta, bet Total assets CABOT CONTRATTON Balance sheet December 31 of eurent year Liabilities and Equity 16,000 Accounts payable 8,000 Acerued vages payable 34.000 Income taxes payable 40,150 Long-term note payable, secured by more on plant 2.800 Cormon stock 153,300 Ratained earnidos $ 254,250 Total liabilities and wity # 19.500 4.400 3.400 72,400 87.000 62.550 $254.250 CABOT CORPORATION Incon Statement For Current Yr Ended December 31 Sales $ 456,600 Cost of goods sold 296,950 Gross profit 159,650 Operating expenses 98,800 Interest expense 4.500 Income before taxe 56,250 Income tax expense 22,660 Not Income $ 33,590 Required: Compute the following: (1) current ratio, (2) acid-test ratio, (3) days' saies 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 () return on equity. (Do not round Intermediate calculations.) 6 0 14 cd-test ratio (3days' 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 equity (Do not round Intermediate calculations.) Complete this question by entering your answers in the tabs below. ats Reg 4 Reg 6 Req 7 Reg 8 02:16:40 Reg 9 Reg 10 Reg 11 Req 1 and 2 Reg 3 Reg 5 Compute the current ratio and acid-test ratio. (1) Current Ratio Denominator: Numerator: Current Ratio Current ratio to 1 (2) Acid-Test Ratio Denominator: Numerator: Acid-Test Ratio Acid-Test Ratio to 1 Req3 > Complete this question by entering your answers in the tabs below. Req 1 and 2 Req3 Reg 4 Req 5 Reg 6 Reg 7 Req8 Reg 9 Reg 10 Red 11 Compute the days' sales uncollected. (3) Numerator: Days' Sales Uncollected Denominator: Days Days Sales Uncollectnd Days sales uncollected days AU $ 33,590 5 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 ossets, and (1) return on equity. (Do not round Intermediate calculations.) Complete this question by entering your answers in the tabs below. 2:16:20 Req 1 and 2 Reg 3 Reg 4 Reg 5 Reg 6 Reg 2 Req8 Req9 Req 10 Reg 11 Compute the inventory turnover. (4) Inventory Turnover Denominator: Numerator: 1 Inventory Turnover Inventory tumover times uy turnover (daya sales in inventory ratio, (1) times interest earned, (8) profit margin ratio. (9) total asset turnover (10) return on total assets, and (11) return on equity. (Do not round Intermediate calculations.) 25 points Complete this question by entering your answers in the tabs below. 8 02:16:11 Req 1 and 2 Reg 3 Reg 4 Rens Reg 6 Reg 7 Rega R9 Req 10 Rec 13 Compute the days' sales in Inventory. (5) Deys Sales In Inventory Denominator: Numerator: Days Days Salon in Inventory Days' sales in inventory days Aucune $ 33,590 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 (16) return on total assets, and (11) return on equity. (Do not round Intermediate calculations.) Complete this question by entering your answers in the tabs below. 02 Req 1 and 2 Reg 3 Reg 4 Reg 5 Reg 6 Reg 7 Req8 Reg 9 Reg 10 Reg 11 Compute the debt-to-equity ratio. (6) Debt-to-Equity Ratio Denominator Numerator: Debt-to-Equity Ratio Debt-to-equity ratio to 1 Hivertory turnover, (5) days sales in inventory requity ratio, ) times interest earned. (8) profit margin ratio, (9) total asset turnover (10) return on total assets, and (19) return nequity. (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 Req 7 Req8 Reg 9 Reg 10 Reg 11 Compute the times interest earned. Times Interest Earned Numerator Denominator: Times Interest Earned Times Interest eamed times Inventory turnover, (5) days' sales in inventory umes interest earned, (8) profit margin ratio, (9) total asset turnover (10) return on total assets, and (17) return on equity. (Do not round Intermediate calculations.) Complete this question by entering your answers in the tabs below. Reg 1 and 2 Reg 3 Req 4 Reg 5 Reg 6 Taeg 8 Reg 7 Reg 9 Reg 10 Reg 11 Compute the profit margin ratio. (8) Profit Margin Ratio Denominator: Numerator: Profit margin ratio Profit margin ratio % Obys sales In Inventory (8) profit margin ratio. (9) total asset turnover (10) return on total assets, and (19 return on equity. (Do not round intermediate calculations.) Complete this question by entering your answers in the tabs below. Req 1 and 2 Req3 Reg 4 Req 5 Reg 6 Reg 7 Req8 Reg 9 Reg 10 Reg 11 Compute the total asset turnover. (9) Total Asset Turnover Denominator Numerator: Total Asset Turnover Total asset turnover times muy turnover. (5) days sales in Inventory, W times interest earned. (8) profit margin ratio, (9) total asset turnover (10) return on total assets, and (1) retum 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 Req6 Req 7 Req8 Req9 Req 10 Reg 11 Compute the return on total assets. (10) Return on Total Assets Denominator: Numerator: Return on Total Assets Return on total assets 0.13 days' sales uncollected. (4) Inventory turnover. (5) days' sales in inventory. 1o) 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 equity. (Do not round Intermediate calculations.) Complete this question by entering your answers in the tabs below. Reg 1 and 2 Reg 3 Req 4 Reg 5 Reg 6 Req 7 Req8 Reg 9 Reg 10 Roll: Compute the return on equity. (11) Return on Equity Denominator Numerator Return On Equity Retum on equity *