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 $49.900,total assets, 5799.400, common stock, $90,000, and retained earnings $33,040) CABOT CORPORATION Institut For Current Ended Dec Sales cost of goods sole Os profit Operating expenses Interest expense Income before Income tax ex Hit Income 3.450,000 296,05 150X250 99.500 56.450 22 33,730 Assets Cash Short tertents Accounts receivable et Herchandise inventory Pred penses Blant assets, net Tots CAT COWORATION Balance Sheet December Llabilities and Equity 320,000 Accounts payable 200 Acer wages payable 20,400 Income Tapable 12.150 Lang tera note payable, secured by nortage on plant assets 2,600 Comon stock 150 Betained earning 5244,650 Total liabilities and equity 3 18.00 2.000 3.000 63,00 3.000 66250 144,650 Required: Compute the following: current ratio2 acid-test ratio. (3) days sales uncollected (4) Inventory tumover, 15) daye sales in inventory (5) debt-to-equity ratio (7) times interest earned. (B) profit margin ratio, 9j total asset tumover (10) 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. Complete this question by Reg 9 Req 7 Req 1 and 2 Req 4 Req3 Req 5 Reg 8 Reg 6 Compute the current ratio and acid-test ratio, (1) Choose Numerator: Current assets Current Ratio 1 Choose Denominator: 1 11 Current Ratio Current ratio 0 to 1 11 (2) Choose Numerator: Acid-Test Ratio 1 Choose Denominator: 1 Acid-Test Ratio Acid-Test Ratio 0 to 1 1 11 K Regland 2 Req3 > Req 1 and 2 Reg 3 Reg 4 Req Req 5 Reg 6 Reg 7 Req 8 Compute the days' sales uncollected. (3) Days' Sales Uncollected 1 Choose Denominator: Days Choose Numerator: Days Sales Uncollected Days sales uncollected X 11 0 days Compute the inventory turnover. Choose Numerator: Inventory Turnover I Choose Denominator: I 11 Inventory Turnover Inventory turnover 0 times 7 (5) Choose Numerator: Days' Sales in Inventory | Choose Denominator: x Days X 1111 Days' Sales in Inven Days' sales in invento 0 days Complete this question by entering your answers in the tabs below. Req 1 and 2 Req3 Reg 4 Reg 5 Reqlo Req 7 Req 8 Req9 Red Compute the debt-to-equity ratio. (6) Choose Numerator: Debt-to-Equity Ratio 1 Choose Denominator: 1 Debt-to-Equity Ratio Debt-to-equity ratio 0 to 1 1 1 and 2 Reg 3 Req4 Reqs Reg 6 Req 8 Req 9 Reg 10 Reg 11 Req[7 Req 7 mpute the times interest earned. Times Interest Esmed 1 Choose Denominator: Choose Numerator: Times Interest Earned Times interest eamed 0 times Reg 1 and 2 Req3 Reg 4 Reg 5 Reg 6 Req 7 Reg 8 Req 9 Reg 10 Compute the profit margin ratio. Choose Numerator: Profit Margin Ratio Choose Denominator: Profit margin ratio = Profit margin ratio 0 % Compute the total asset turnover. (9) Total Asset Turnover Choose Denominator: Choose Numerator: Total Asset Turnover Total asset turnover 0 times (10) Return on Total Assets Choose Numerator: Choose Denominator: Return on Total Assets Return on total assets 11-11 1 0 Compute the retum on common stockholders' equity (111 Choose Numero Batuon Common Stockholders guy Choose Denominator Return On Common Stockholders' Equity Return on common stockholders' equity 0 %
