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. $47.900; total assets, $179,400: common stock, $85,000; and retained earnings. $43,701) CABOT CORPORATION Income statement For Current Year Ended December 31 Sales $ 455,600 Cost of goods sold 297,950 Gross profit 157, 650 Operating expenses 99,600 Interest expense 4.800 Income before taxes 53,250 Income tax expense 21,451 Net income $ 31,799 Assets Cash Short-term investments Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets CABOT CORPORATION Balance Sheet December 31 Liabilities and Equity $ 16,000 accounts payable 8,200 Accrued wages payable 32,200 Income taxes payable 42,150 Long-term note payable, secured by mortgage on plant assets 3,050 Common stock 148,300 Retained earnings $ 249,900 Total liabilities and equity $ 16,500 4,600 2,900 65,400 85,000 75,500 $ 249,900 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.) 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 Req8 Req9 Reg 10 Reg 11 Req 1 and 2 Req3 Reg 4 Reqs Reg 6 Compute the current ratio and acid-test ratio. Current Ratio Choose Numerator: 1 Choose Denominator: Current Ratio Current ratio to 1 (2) Acid-Test Ratio Choose Denominator Choose Numerator: 1 Acid-Test Ratio Acid-Test Ratio to 1 Complete this question by entering your answers in the tabs below. Req 1 and 2 Reg 3 Reg 4 Reg 5 Req6 Req7 Reg 8 Reg 9 Req 10 Reg 11 Compute the days' sales uncollected. (3) Days Sales Uncollested Choose Numerator: 1 Choose Denominator: Days x - Days Sales Uncollected = Days sales uncollected days / Complete this question by entering your answers in the tabs below. Reg 4 Reg 5 Reg 6 Reg 7 Req8 Reg 9 Reg 10 Req 11 Req 1 and 2 Req3 Compute the inventory turnover. Inventory Turnover Choose Denominator Choose Numerator: Inventory Turnover - Inventory turnover times 1 Complete this question by entering your answers in the tabs below. Req 1 and 2 Req3 Reg 4 Reqs Reg 6 Req7 Reg 8 Reg 9 Req 10 Reg 11 Compute the days' sales in inventory. (5) Days' Sales In Inventory Choose Numerator: | Choose Denominator: Days X 1 1 - Days' Sales In Inventory + Days' sales in inventory days X Complete this question by entering your answers in the tabs below. Reg 5 Reg 6 Req 7 Reg 8 Req9 Reg 10 Reg 11 Reg 1 and 2 Reg 3 Reg 4 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 to 1 1 Complete this question by entering your answers in the tabs below. Req 1 and 2 Reg 3 Reg4 Reqs Req6 Reg 7 Req8 Req9 Reg 10 Reg 11 Compute the times interest earned. (7) Times Interest Eamed 1 Choose Denominator: Choose Numerator: Times Interest Earned Times interest eamed 1 1 times Complete this question by entering your answers in the tabs below. Reg 1 and 2 Reg 3 Req 4 Req5 Reg 6 Req 7 Req 8 Reg 9 Req 10 Reg 11 Compute the profit margin ratio. Choose Numerator Profit Margin Ratio Choose Denominator: - Profit margin ratio # Profit margin ratio 1 Complete this question by entering your answers in the tabs below. Req 1 and 2 Reg 3 Req 4 Reg 5 Reg 6 Reg 7 Req8 Reg 9 Req 10 Reg 11 Compute the total asset turnover. (9) Total Asset Turnover 1 Choose Denominator: Choose Numerator: Total Asset Turnover Total asset turnover times 1 Complete this question by entering your answers in the tabs below. Req 1 and 2 Reg 3 Reg 4 Reqs Req6 Req? Req8 Reg 9 Req 10 Reg 11 Compute the return on total assets. (10) Return on Total Assets Choose Denominatori Choose Numerator: Return on Total Assets Return on total assets Complete this question by entering your answers in the tabs below. Reg Reg 6 Reg 7 Reg Reg 10 Reg 11 Reg 1 and 2 Heq3 Reqs Compute the return on common stockholders equity Return on Common Stockholders' Equity Choose Denominator Choose Numerator - Return On Common Stockholders' Equity - Return on common stockholders' quity