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, $48,900 total assets, $229,400 common stock, $86,000 and retained earnings, $30,295 ) CABOT CORPORATION Balance Sheet December 31 of current year Assets Liabilities and Equity Cash $ 14,000 Accounts payable $ 19,500 Short term investments 8,200 Accrued wages payable 4,800 Accounts receivable, net 29,400 Income taxes payable 4,700 Merchandise inventory 36,150 Long term note payable, secured by mortgage on plant assets 68,400 Prepaid expenses 3,100 Common stock 86,000 Plant assets, net 151,300 Retained earnings 58,750 Total assets $ 242,150 Total liabilities and equity $ 242,150 CABOT CORPORATION Income Statement For Current Year Ended December 31 Sales $ 448,600 Cost of goods sold 297,350 Gross profit 151,250 Operating expenses 99,400 Interest expense 4,200 Income before taxes 47,650 Income tax expense 19,195 Net income $ 28,455 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 equity (Do not round intermediate calculations ) 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, $48,900 total assets, $229,400 common stock, $86,000 and retained earnings, $30,295 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 equity (Do not round intermediate calculations ) Complete this question by entering your answers in the tabs below Compute the current ratio and acid test ratio

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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

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, $48,900; total assets, $229,400; common stock, $86,000; and retained earnings, $30,295.)

CABOT CORPORATION
Balance Sheet
December 31 of current year
Assets		Liabilities and Equity
Cash	$ 14,000	Accounts payable	$ 19,500
Short-term investments	8,200	Accrued wages payable	4,800
Accounts receivable, net	29,400	Income taxes payable	4,700
Merchandise inventory	36,150	Long-term note payable, secured by mortgage on plant assets	68,400
Prepaid expenses	3,100	Common stock	86,000
Plant assets, net	151,300	Retained earnings	58,750
Total assets	$ 242,150	Total liabilities and equity	$ 242,150

CABOT CORPORATION
Income Statement
For Current Year Ended December 31
Sales	$ 448,600
Cost of goods sold	297,350
Gross profit	151,250
Operating expenses	99,400
Interest expense	4,200
Income before taxes	47,650
Income tax expense	19,195
Net income	$ 28,455

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 equity. (Do not round intermediate calculations.)

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, $48,900; total assets, $229,400; common stock, $86,000; and retained earnings, $30,295. 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 equity. (Do not round intermediate calculations.) Complete this question by entering your answers in the tabs below. Compute the current ratio and acid-test ratio