Selected current year-end financial statements of Cabot Corporation follow. (All sales were on credit selected balance sheet amounts et December 31 of the prior year were inventory. $50,900: total assets, $189.400: common stock. $83.000; and retained earnings. $25.806.) CABOT CORPORATION Income Statement For Current Year Ended December 31 Sales $ 449,60 Cost of goods sold 298, 15e Gross profit 151,450 Operating expenses 98,98 Interest expense 4, see Income before taxes 48,85e Income tax expense 19,356 Net income 28,694 $ 16,52e Assets Cash Short-term investments Accounts receivable, net Merchandise inventory CABOT CORPORATION Balance Sheet December 31 Liabilities and Equity $ 1e,ese Accounts payable 3,620 Accrued wages payable 30,220 Income taxes payable 32,150 Long term note payable, secured by mortgage on plant assets 2,95 Common stock 148,320 Retained earnings $ 232,228 total liabilities and equity 4,280 69,480 Prepaid expenses plant assets, net Total assets 83,ese 54,500 232, 280 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 Reg4 Reg 5 Req6 Req 7 Red & Reg 9 Req 10 Rey 11 Compute the current ratio and acid-test ratio. Current Ratio Choose Denominator: 1 Current liabilities Choose Numerator: Current assets S Current Ratio Current ratio 83.900 Op 1 (2) Acid-Test Ratio Choose Denominator: Choose Numerator: Acid-Test Ratio Acid-Test Ratio oto 1 Req 1 and Reqs > Required: Compute the following: (1) current ratio, (2) acid-test ratio. (3) days' soles uncollected. (4) inventory turnover. (5) days' sales in inventory. (6) debt-to-equity ratio. (7) times interest esmed. (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 Reg 4 Reg 5 Reg 6 Req 7 Rega Reg 9 Req 10 Req 11 Compute the days' sales uncollected. Daye' Sales Uncollected | Choose Denominator: Day Choose Numerator: = Daye Sales Uncollected Days sales uncollected o days Required: Compute the following: (1) current ratio, (2) acid-test ratio, (3) days' soles uncollected. (4) inventory turnover (5) days' sales in inventory. (6) debt-to-equity ratio. (7) times interest earned. (3) 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 Req3 Reg 4 Reqs Reg 6 Req 7 Reg a Req9 Req 10 Req 11 Compute the inventory turnover. (4) 1 Choose Numerator: Cast of goods sold S Inventory Turnover Choose Denominator: Average inventory Inventory Turnover Inventory turnover Otimes 298,150 / Reqs Reqs > 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 Reg 4 Reg 5 Reg 6 Reg 7 Rega Reg 9 Req 10 Req 11 Compute the days sales in inventory. (5) Choose Numerator: Merchandise inventory $ 1 1 Daye' Sales In Inventory Choose Denominator: Cast of goods sold $ 298,150 Day 365 365 Daye' Sales In Inventory Days' sales in inventory 39.4 days 32,150 x Required: Compute the following: (1) current ratio. (2) acid-test ratio. (3) deys' sales uncollected. (4) inventory turnover (5) days' sales in inventory. (6) debt-to-equity ratio. 7) times interest earned. (3) 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 Red & Reg 9 Req 10 Req 11 Compute the debt-to-equity ratio. (6) Choose Numerator: Total liabilities Debt-to-Equity Ratio Choose Denominator: Total equity Debt-to-Equity Ratio Debt-to-equity ratio Oto 1 1 ( Reqs Req7 > Required: Compute the following: (1) current ratio. (2) acid-test ratio. (3) days' soles uncollected. (4) inventory turnover (5) days' sales in inventory. (6) debt-to-equity ratio. 7 times interest esmed. (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 Req4 Reqs Reg 6 Req7 Rega Reg 9 Req 10 Req 11 Compute the times interest earned. Times Interest Earned Choose Numerator: Choose Denominator: Times Interest Earned 1 Times interest earned O times Required: Compute the following: (1) current ratio, (2) acid-test ratio, (3) days' soles uncollected. (4) inventory turnover (5) days' sales in inventory. (6) debt-to-equity ratio. (7) times interest esmed(3) profit margin retio. (9) total asset turnover. (10) return on total ossets, 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 Req4 Reg 5 Req6 Req 7 Req8 Reg 9 Req 10 Req 11 Compute the profit margin ratio. (8) Profit Margin Ratio Choose Denominator: Choose Numerator: 1 Profit margin ratio Profit margin ratio 0 % Req7 Reqs > Required: Compute the following: (1) current ratio, (2) acid-test ratio, (3) days' soles uncollected. (4) inventory turnover (5) days' sales in inventory. (6) debt-to-equity ratio) times interest esmed. (3) 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 Req4 Reg 5 Reg 6 Req 7 Rega Reg 9 Req 10 Req 11 Compute the total asset turnover. Total Aseet Turnover Choose Denominator: Choose Numerator: Total Aseet Turnover Total asset turnover 1 O times ( Req8 Req 10 > Required: Compute the following: (1) current ratio. (2) acid-test ratio. (3) deys' sales uncollected. (4) inventory turnover (5) days' sales in inventory. (6) debt-to-equity ratio. 7) times interest earned. (3) 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 Reg 4 Reg 5 Reg 6 Req 7 Reqs Reg 9 Req 10 Req 11 Compute the return on total assets. (10) Return on Total Assets Choose Denominator: Choose Numerator: 1 Return on Total Assets Return on total assets 01% 11 Selected current year-end financial statements of Cobot Corporation follow. (All sales were on credit selected balance sheet amounts st December 31 of the prior year were inventory, $50,900;total assets, $189.400; common stock. $83.000; and retained earnings. $25.806.) 10 points CABOT CORPORATION Income Statement For Current Year Ended December 31 Sales $ 449,680 Cost of goods sold 298,150 Gross profit 151,450 Operating expenses 98,90 Interest expense 4, see Incone before taxes 48, ese 20 Income tax expense 19,356 Net income $ 28,694 ebook Print References $ 16, see 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 $ 1e,eee Accounts payable 3,620 Accrued wages payable 30,280 Income taxes payable 32,158 Long-term note payable, secured by mortgage on plant assets 2,950 Cormon stock 148, 380 Retained earnings $ 232,200 Total liabilities and equity 4,200 69,480 83,020 54, 520 $ 232,200 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. Req 1 and 2 Req3 Reg 4 Reg 5 Reg 6 Req 7 Req& Req 9 Reg 10 Req11 Compute the return on common stockholders' equity Return on Common Stockholders' Equity 1 Choose Denominator Choose Numerator: = Return On Common Stockholders' Equity - Return on common stockholders' equity ol