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, $189,400, common stock, $90,000; and retained earnings, $33,748.) CABOT CORPORATION Income Statement For Current Year Ended December 31 Sales $ 448,600 Cost of goods sold 297,250 Gross profit 151,350 Operating expenses 98,600 Interest expense 4,100 Income before taxes 48,650 Income tax expense 19,598 Net income $ 29,052 Assets Cash Short-term investments Accounts receivable, net Merchandise inventory $ CABOT CORPORATION Balance Sheet December 31 Liabilities and Equity $ 10,000 Accounts payable 8,400 Accrued wages payable 33,700 Income taxes payable 32,150 Long-term note payable, secured by mortgage on plant assets 2,650 Common stock 153,300 Retained earnings $240.200 Total tahtrition and nauftu 17,500 3,200 3,300 Prepaid expenses plant assets, net Total seats 90,000 $240.200 $ 17,500 Assets Cash Short-ters Investments Accounts receivable, net Merchandise inventory CABOT CORPORATION Balance Sheet December 31 Liabilities and Equity $10,000 Accounts payable 8,400 Accrued wages payable 33,700 Incone taxes payable 32,150 Long-term note payable, secured by mortgage on plant assets 2,650 Common stock 153,300 Retained earnings $ 240,200 Total liabilities and equity 3,300 63,400 Prepaid expenses Plant assets, net Total assets 90,000 62,800 $ 240,200 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. Red 1 and 2 Reg 3 Reg 4 Regs Rego Reg 7 Reqs Reg 9 Reg 10 Reg 11 Save & Exit Submit Check my work " wi (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. Reg 1 and 2 Req3 Reg 4 Reg 5 Reg 6 Reg 7 Req8 Reg 9 Reg 10 Reg 11 Compute the current ratio and acid-test ratio, Current Ratio Choose Numerator Choose Denominator 1 Current Ratio Current Ratio to 1 1 121 Acid.Test Ratio Choose Denominator: Choose Numerator: Acid-Test Ratio Acid-Test Ratio to 1 Req3 > (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.) www Complete this question by entering your answers in the tabs below. Reg 1 and 2 Req Req 4 Reg 5 Reg 6 Req 7 Req8 Reg 9 Reg 10 Reg 11 Compute the days' sales uncollected. (3) Days' Sales Uncollected 1 Choose Denominator: Days ces Choose Numerator: - Days Sales Uncollected 1 Days Sales Uncollected days Ob equity ratio, () 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.) Check my work Complete this question by entering your answers in the tabs below. Req 1 and 2 Reg 3 RO Reg 5 Reg 6 Reg 7 Reg 8 Reg 9 Reg 10 Reg 11 Compute the inventory turnover. Choose Numerator Inventory Turnover 1 Choose Denominator - Inventory Turnover - Inventory Turnover mes 4 Check my work (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 Req 7 Reg 8 Reg 9 Reg 10 Reg 11 Compute the days' sales in inventory. (5) Choose Numerator: Days' Sales in Inventory 1 Choose Denominator: X Days 1 1 - Days' Sales in Inventory Days Sales in Inventory days CHEEN W wyuyo.) IRRITOLULU, MIUTYU, IULIULI, UL. WILL, IRIL on common stockholders' equity. (Do not round intermediate calculations.) Complete this question by entering your answers in the tabs below. Req 1 and 2 Req3 Reg 4 Reg 5 | eq 6 6 Req7 Reg 8 Reg 9 Reg 10 Reg 11 Compute the debt-to-equity ratio. (6) Choose Numerator: Debt-to-Equity Ratio 1 Choose Denominator: Debt-to-Equity Ratio Debt-to-Equity Ratio 0 to 1 1 Che wysy uuu, ROHRLILILLOILU, MIVIRTYTIUM, WUJLL LITULI, VILE VII VII USLL, LIIMILLIE on common stockholders' equity. (Do not round intermediate calculations.) Complete this question by entering your answers in the tabs below. Req 1 and 2 Req3 Reg 4 Reg 5 Reg 6 Reg 7 Req8 Reg 9 Reg 10 Reg 11 Compute the times interest earned. Times Interest Earned Choose Numerator: 1 Choose Denominator: Times Interest Earned 1 Times interest eamed 0 times e-yuity uuu, HILJULLILLLULILU, UMUHILTRULY UV, LI ULE LULIIVILI, ILLUIT VIILULUI UJJLLS, ITU 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 Req 5 Reg 6 Reg 7 Rends Req 9 Req 10 Req 11 Compute the profit margin ratio. (8) Choose Numerator: Profit Margin Ratio Choose Denominator: 1 1 Profit margin ratio Profit margin ratio 0 & Req7 Req 9 > Complete this question by entering your answers in the tabs below. Req 1 and 2 Reg 3 Req4 Reg 5 Reg 6 Req 7 Req 8 Req Reg 11 Req 10 Req9 Compute the total asset turnover. (9) Choose Numerator: Total Asset Turnover | Choose Denominator: Total Asset Turnover Total Asset Turnover 0 times Check w yunyou, I WILLILLLURUMUR HRY, WE UJITULLI VIWILI W., "LUI on common stockholders' equity. (Do not round intermediate calculations.) Complete this question by entering your answers in the tabs below. Req 1 and 2 Req3 Reg 4 Reg 5 Req6 Req 7 Reg 8 Reg 9 Reqr10 Reg 11 Compute the return on total assets. Req 10 (10) Choose Numerator: Retum on Total Assets 1 Choose Denominator: Return on Total Assets Return on Total Assets 0 % 1 Req9 Req 11 > Check my wc yunyouw, HILI LILU, MULT, WI ULEIULUI VIILULUI ULLS, UM ILLU! en common stockholders' equity. (Do not round intermediate calculations.) Complete this question by entering your answers in the tabs below. Req 1 and 2 Req3 Req4 Reqs Reg 6 Reg 7 Req8 Req 9 Reg 10 Reg 11 Compute the return on common stockholders' equity. Req 11 (11) Return on Common Stockholders' Equity Choose Numerator: Choose Denominator - Return On Common Stockholders' Equity Return On Common Stockholders' Equity 1 0 % =