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, $189,400, common stock, $81,000, and retained earnings. $46,583) CABOT CORPORATION Income Statement For Current Year Ended December 31 Sales $ 455,600 Cost of goods sold 298, 450 Gross profit 157, 150 Operating expenses 98, 600 Interest expense 4,600 Income before taxes 53,950 Income tax expense 21,733 Net income $ 32,217 Assets Cash Short-term investments Accounts receivable, net Merchandise inventory CABOT CORPORATION Balance Sheet December 31 Liabilities and Equity $ 20,000 Accounts payable 8,800 Accrued wages payable 29, 100 Income taxes payable 38,150 Long-term note payable, secured by mortgage on plant assets 2,550 Common stock 150, 300 Retained earnings $ 249,200 Total liabilities and equity $ 18,500 3,000 4,500 63,100 Prepaid expenses Plant assets, net Total assets 81,000 78,800 $ 249,200 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. Req3 Req 1 and 2 Reg 4 Reg 5 Req6 Req 7 Reg 8 Reg 9 Req 11 Req 10 Compute the return on common stockholders' equity, References Plant assets, net Total assets 150, 300 Retained earnings $ 249,200 Total liabilities and equity 18, SUU $ 249, 200 Required: Compute the following: (1) current ratio, (2) acid-test ratio. (3) days' sales uncollected, (4) Inventory turnover, (5) days' sales in invent (6) debt-to-equity ratio (7) times interest earned, (8) profit margin ratio (9) total asset turnover (10) return on total assets, and (11) ret 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 Req4 Reg 5 Reg 6 Reg 7 Req8 Reg 9 Req 10 Reg 11 Compute the current ratio and acid-test ratio. 11) Current Ratio Choose Numerator: 1 Choose Denominator: Current Ratio Current ratio = Oto 1 12 Acid Test Ratio Choose Denominator: Choose Numerator: Acid-Test Ratio Acid-Test Ratio 0 to 1 Rand Req3 > es Prepaid expenses Plant assets, net Total assets mortgage on plant assets 2.550 Common stock 150.300 Retained earnings $ 249, 200 Total liabilities and equity 81,000 78,800 $ 249,200 Required: Compute the following: (1) current ratio, (2) acid-test ratio. (3) days' sales uncollected, (4) inventory turnover, (5) days' sale (6) debt-to-equity ratio. (7) times interest earned, (8) profit margin ratio. (9) total asset turnover (10) return on total assets, 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 Req 5 Req 6 Reg 7 Req8 Reg 9 Reg 10 Reg 11 Compute the days' sales uncollected. 13) Choose Numerator: Days Sales Uncollected Choose Denominator: x Days Days Sales Uncollected Days sales uncollected 0 days Short-term investments Accounts receivable, net Merchandise inventory 18.500 3,000 1,500 63,400 JUIL 8,000 Accrued wages payable 29, 400 Income taxes payable 38,150 Long-term note payable, secured by mortgage on plant assets 2,550 Common stock 150, 300 Retained earnings $ 249,200 Total liabilities and equity References Prepaid expenses Plant assets, net Total asets 81,000 78,800 $ 249,200 Required: Compute the following: (1) current ratio, (2) acid-test ratio, (3) days' sales uncollected. (4) inventory turnover. (5) days' sales in in (6) debt-to-equity ratio. (7) times interest earned, (8) profit margin ratio, (9) total asset turnover (10) return on total assets, and (11 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 Req 5 Reg 6 Reg 7 Req8 Reg 9 Req 10 Req 11 Compute the inventory turnover. (4) Inventory Turnover Choose Denominator: Choose Numerator: Inventory Turnover Inventory turnover 1 O times Accounts receivable, net Merchandise inventory 4,500 63,400 29, 400 Income taxes payable 38,150 Long-term note payable, secured by mortgage on plant assets 2,550 Comenon stock 150, 300 Retained earnings $ 249,200 Total liabilities and equity References Prepaid expenses Plant assets, net Total assets 81,000 78,800 $ 249,200 Required: Compute the following: (1) current ratio, (2) acid-test ratio. (3) days' sales uncollected, (4) inventory turnover. (5) days' sales in inve (6) debt-to-equity ratio, 7) times interest earned, (8) profit margin ratio (9) total asset turnover (10) return on total assets, and (11) 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 5 Req 6 Reg 4 Req 7 Reg 8 Reg 10 Req 9 Reg 11 Compute the days' sales in inventory. 15) Days! Sales In Inventory Choose Denominator: Choose Numerator: Days Days' Sales in Inventory - Days' sales in inventory 0 days x Prey 1 of 3 Mc Graw Nes Vaule, Merchandise inventory UUU 4,500 63, 100 Prepaid expenses Plant assets, net Total assets 29, 400 Income taxes payable 38,150 Long-term note payable, secured by mortgage on plant assets 2,550 Common stock 150, 300 Retained earnings $ 249,200 Total liabilities and equity 81,000 78,800 $ 249, 200 Required: Compute the following: (1) current ratio, (2) acid-test ratio, (3) days' sales uncollected, (4) inventory turnover (5) days' sales (6) debt-to-equity ratio, 7) times interest earned, (8) profit margin ratio, (9) total asset turnover (10) return on total assets, a 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 Req 5 Reg 6 Req 7 Req8 Reg 9 Req 10 Reg 11 Compute the debt-to-equity ratio. (5) Debt to Equity Ratio Choose Denominator: Choose Numerator: Debt-to Equity Ratio = Debt-to-equity ratio 0 to 1 Cash Short-term investments Accounts receivable, net Merchandise inventory ULTILIU Dm Puity $ 20,000 Accounts payable 8,800 Accrued wages payable 29, 400 Income taxes payable 38,150 Long-term note payable, secured by mortgage on plant assets 2,550 Common stock 150, 300 Retained earnings $ 219, 200 Total liabilities and equity $ 18,500 3,000 4.500 63,400 Prepaid expenses Plant assets, net Total assets 81,000 78, 800 $ 249, 200 Required: Compute the following: (1) current ratio, (2) acid-test ratio, (3) days' sales uncollected, (4) inventory turnover. (5) days' sales in in (6) debt-to-equity ratio, (7) times interest earned, (8) profit margin ratio, (9) total asset turnover (10) return on total assets, and 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 Req 10 Reg 11 Compute the times interest earned. Times Interest Earned Choose Numerator Choose Denominator: Times Interest Earned Times interest eamed 0 times Accounts receivable, net Merchandise inventory 3,000 4,500 63,400 Acred Wages payable 29, 400 Income taxes payable 38,150 Long-term note payable, secured by mortgage on plant assets 2,550 Common stock 150, 300 Retained earnings $ 249, 200 Total liabilities and equity ces Prepaid expenses Plant asseta, net Total assets 81,000 78,800 $ 249, 200 Required: Compute the following: (1) current ratio, (2) acid-test ratio. (3) days' sales uncollected, (4) inventory turnover, (5) days' sales in inve (6) debt-to-equity ratio, (7) times interest earned. (8) profit margin ratio (9) total asset turnover (10) return on total assets, and (11) 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 Req 5 Reg 6 Reg 7 Req8 Req9 Req 10 Req 11 Compute the profit margin ratio. (8) Profit Margin Ratio 1 Choose Denominator: Choose Numerator: Profit margin ratio Profit margin ratio 0 % 63,400 Prepaid expenses Plant assets, net Total assets payoute, secured by mortgage on plant assets 2,550 Common stock 150, 300 Retained earnings $ 249, 200 Total liabilities and equity 81,000 78, 800 $ 249,200 Required: Compute the following: (1) current ratio, (2) acid-test ratio, (3) days' sales uncollected, (4) inventory turnover, (5) days' sales in inve (6) debt-to-equity ratio, (7) times interest earned, (8) profit margin ratio, (9) total asset turnover, (10) return on total assets, and (11) 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 Reg 7 Reg 8 Req9 Reg 10 Req 11 Compute the total asset turnover. 19) Choose Numerator Total Asset Tumover Choose Denominator: Total Asset Turnover = Total asset turnover O times Assets Cash Short-term investments Accounts receivable, net Merchandise inventory JUL December 31 Liabilities and Equity $ 20,000 Accounts payable 8,800 Accrued wages payable 29,400 Income taxes payable 38,150 Long-term note payable, secured by mortgage on plant assets 2,550 Common stock 150, 300 Retained earnings $ 249,200 Total liabilities and equity $ 18,500 3,000 4,500 63,400 nces Prepaid expenses Plant assets, net Total assets 81,000 78,800 $ 219,200 Required: Compute the following: (1) current ratio, (2) acid-test ratio, (3) days' sales uncollected, (4) inventory turnover. (5) days' sales in invent (6) debt-to-equity ratio, (7) times interest earned, (8) profit margin ratio (9) total asset turnover (10) return on total assets, and (11) re 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 Req 8 Reg 9 Reg 10 Reg 11 Compute the return on total assets. (10) Return on Total Assets Choose Denominator: Choose Numerator: Return on Total Assets Return on total assets 0 % Assets Cash Short-term investments Accounts receivable, net Merchandise inventory $ 18,500 CABOT CORPORATION Balance Sheet December 31 Liabilities and Equity $ 20,000 Accounts payable 8,800 Accrued wages payable 29,400 Income taxes payable 38,150 Long-term note payable, secured by mortgage on plant assets 2,550 Common stock 150,300 Retained earnings $ 249,200 Total liabilities and equity 3,000 4,500 63,400 Prepaid expenses Plant assets, net Total assets 81,000 78,000 $ 249, 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 Reg 7 Req8 Reg 9 Reg 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 0 % /