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, $56,900; total assets, $219,400, common stock, $86,000; and retained earnings, $42,154.) CABOT CORPORATION Income Statement For Current Year Ended December 31 Sales $ 455,600 Cost of goods sold 297,450 Gross profit 158, 150 Operating expenses 99,400 Interest expense 4,500 Income before taxes 54,250 Income tax expense 21,854 Net income $ 32,396 $ Assets Cash Short-term investments Accounts receivable, net Merchandise inventory CABOT CORPORATION Balance Sheet December 31 Liabilities and Equity $ 18,000 Accounts payable 9,400 Accrued wages payable 32,200 Income taxes payable 40,150 Long-term note payable, secured by mortgage on plant assets 2,800 Common stock 151,300 Retained earnings $ 253,850 Total liabilities and equity 16,500 3,000 3,400 70,400 Prepaid expenses Plant assets, net Total assets 86,000 74,550 $ 253,850 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 1 and 2 Req3 Req 4 Reg 5 Reg 6 Req 7 Reg 8 Reg 9 Req 10 Reg 11 Compute the current ratio and acid-test ratio. (1) Current Ratio 1 Choose Denominator: Choose Numerator: Current Ratio Current ratio = to 1 (2) Acid-Test Ratio Choose Denominator: Choose Numerator: = Acid-Test Ratio Acid-Test Ratio to 1 Complete this question by entering your answers in the tabs below. Req 1 and 2 Req3 Reg 4 Reg 5 Reg 6 Req 7 Req 8 Req9 Req 10 Req 11 Compute the days' sales uncollected. (3) Days' Sales Uncollected | Choose Denominator: x Days Choose Numerator: Days Sales Uncollected Days sales uncollected X days Complete this question by entering your answers in the tabs below. Reg 1 and 2 Reg 3 Reg 4 Reg 5 Reg 6 Req 7 Reg 8 Reg 9 Reg 10 Reg 11 Compute the inventory turnover. (4) Inventory Turnover Choose Denominator: Choose Numerator: Inventory Turnover Inventory turnover times = 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. Reg 1 and 2 Reg 3 Reg 4 Reg 5 Reg 6 Reg 7 Req 8 Reg 9 Reg 10 Req 11 Compute the days' sales in inventory. (5) Days' Sales in Inventory Choose Denominator: Choose Numerator: Days Days' Sales in Inventory Days' sales in inventory days / = Complete this question by entering your answers in the tabs below. Req 1 and 2 Req3 Req 4 Req 5 Req 6 Req 7 Req 8 Req9 Req 10 Reg 11 Compute the debt-to-equity ratio. (6) Debt-to-Equity Ratio I Choose Denominator: Choose Numerator: Debt-to-Equity Ratio Debt-to-equity ratio to 1 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 1 and 2 Reg 3 Reg 4 Reg 5 Req 6 Req 7 Reg 8 Reg 9 Req 10 Req 11 Compute the times interest earned. (7) Times Interest Earned Choose Numerator: Choose Denominator: Times Interest Earned = Times interest earned times Complete this question by entering your answers in the tabs below. Req 1 and 2 Req3 Req 4 Req 5 Req6 Req 7 Req 8 Req 9 Req 10 Req 11 Compute the profit margin ratio. (8) Profit Margin Ratio Choose Denominator: Choose Numerator: = Profit margin ratio Profit margin ratio % Complete this question by entering your answers in the tabs below. Req 1 and 2 Req3 Reg 4 Req 5 Req 6 Req 7 Req 8 Req9 Req 10 Req 11 Compute the total asset turnover. (9) Total Asset Turnover I Choose Denominator: Choose Numerator: II Total Asset Turnover Total asset turnover times / 11 Complete this question by entering your answers in the tabs below. Req 1 and 2 Req3 Req 4 Reg 5 Req 6 Req 7 Req 8 Reg 9 Req 10 Req 11 Compute the return on total assets. (10) Return on Total Assets Choose Denominator: Choose Numerator: Return on Total Assets Return on total assets 11 % Complete this question by entering your answers in the tabs below. Req 1 and 2 Req3 Reg 4 Reg 5 Reg 6 Req 7 Req 8 Reg 9 Req 10 Reg 11 Compute the return on common stockholders' equity. (11) Return on Common Stockholders' Equity. Choose Denominator Choose Numerator: Return On Common Stockholders' Equity = Return on common stockholders' equity %