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, $53,900; total assets, $189,400, common stock. $86,000, and retained earnings, $30,961) Assets Cash Short-term investments Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets CABOT CORPORATION Balance Sheet December 31 of current year Liabilities and Equity $ 14,000 Accounts payable 8,680 Accrued wages payable 29,200 Income taxes payable 38,150 Long-term note payable, secured by mortgage on plant assets 2,950 Common stock 148,300 Retained earnings $ 241,200 Total liabilities and equity $ 17,500 4,800 2,800 67,480 86,000 62,700 $ 241,200 CABOT CORPORATION Income Statement For Current Year Ended December 31 Sal $ 454,600 Cost of goods sold 298,550 Gross profit 156,050 Operating expenses 98,500 Interest expense Income before taxes 53,150 Income tax expense 21,411 Net Income $ 31,739 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 equity. (Do not round intermediate calculations.) Net income $ 31,739 Required: Compute the following: (1) current ratio, (2) acid-test ratio. (3) days' sales uncollected. (1) 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) retum on equity. (Do not round intermediate calculations.) Complete this question by entering your answers in the tabs below. Reg 1 and 2 Reg 3 Req4 Reqs Reg 6 Req7 Rega Reg 9 Req 10 Rg 11 Compute the current ratio and add-test ratio. (1) Current Ratio Denominator: Numerator: Current Ratio Current ratio to 1 Acid Test Ratio Denominator: Numerator: Acid Test Ratio Acid-Test Ratio 101 Reg 3 > Net Income $ 31,739 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 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 Req 8 Req 9 Req 10 Reg 11 Compute the days' sales uncollected. Days Sales Uncollected Denominator: Days Numerator: Days Sales Uncollected Days sales uncollected days 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 equity. (Do not round intermediate calculations.) Complete this question by entering your answers in the tabs below. Req 1 and 2 Req3 Reg 4 Req5 Reg 6 Req 7 Reg 8 Reg 9 Reg 10 Reg 11 Compute the inventory turnover. (4) Inventory. Turnover Denominator: Numerator: Inventory Tumover 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 (1) return on 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 Rega Reg 9 Reg 10 Reg 11 Compute the days' sales in inventory. (5) Days Sales in Inventory Denominator: Numerator Days Days' Sales in Inventory Days sales in inventory days 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 (17) return on equity (Do not round intermediate calculations.) Complete this question by entering your answers in the tabs below. Reg 1 and 2 Reg 3 Req 4 Reg 5 Reg 6 Reg 7 Reg 8 Req9 Reg 10 Reg 11 Compute the debt-to-equity ratio. (6) Debt-to-Eavity Ratio Denominator: 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 (1) return on equity. (Do not round intermediate calculations.) Complete this question by entering your answers in the tabs below. Reg 1 and 2 Reg 3 Req 4 Reg 5 Reg 6 Req7 Req8 Reg 9 Reg 10 Req 11 Compute the times Interest earned. Times Interest Eamed Numerator: Denominator: Times Interest Eamed Times interest earned times Swed Net income $ 31,739 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 equity. (Do not round intermediate calculations.) 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 Reg 8 Req 9 Reg 10 Reg 11 Compute the profit margin ratio. (8) Profit Margin Ratio Denominator: Numerator: Profit margin ratio Profit margin ratio % 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) times interest earned. (8) profit margin ratio, (9) total asset turnover (10) return on total assets, and (11) return on 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 Req Req8 Reg 9 Req 10 Reg 11 Compute the total asset turnover (9) Total Asset Turnover Denominator: Numerator: Total Asset Tumover Total asset 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 equity. (Do not round intermediate calculations.) Complete this question by entering your answers in the tabs below. Reg 1 and 2 Reg 3 Req 4 Reg 5 Req 6 Req 7 Reg 8 Reg 9 Reg 10 Reg 11 Compute the return on total assets. (10) Retum on Total Assets Denominator: Numerator: Return on Total Assets Return on total assets = % Complete this question by entering your answers in the tabs below. Req 1 and 2 Req3 Reg4 Reg 5 Reg 6 Reg 7 Rega Reg 9 Reg 10 Reg 11 Compute the return on equity. Return on City Numerator: Denominator Return On Common Stockholders' Equity Return on common stockholders equity