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, $52,900; total assets, $219,400, common stock, $90,000; and retained earnings, $31,151) CABOT CORPORATION Income Statement For Current Year Ended December 31 Sales $ 451,600 Cost of goods sold 298,050 Gross profit 153,550 Operating expenses 99,000 Interest expense 4,900 Income before taxes 49,650 Income tax expense 20,001 Net income $ 29,649 CABOT CORPORATION Balance Sheet December 31 Liabilities and Equity $ 22,000 Accounts payable 9,200 Accrued wages payable 33,000 Income taxes payable 32,150 Long-tern note payable, secured by mortgage on plant assets 2,750 Connon stock 148,300 Retained earnings 5 247.400 Total liabilities and equity Assets Cash Short-term investments Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets $ 18,500 4,200 4,500 69,480 90.000 60,800 $ 247,400 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 Reg 8 Reg 9 ? Reg 10 Reg 11 Compute the current ratio and acid-test ratio. (1) Current Ratio Choose Denominator: Choose Numerator Current Ratio Current ratio 1 lo 1 121 Acid-Test Ratio Choose Denominator: Choose Numerator 1 Acid-Test Ratio Acid-Tost Ratio 101 } Reg 3 > Required: Compute the following: (1) current ratio, (2) acid-test ratio. (3) days' sales uncollected. (4) inventory turnover, (5) days' sales in invento (6) debt-to-equity ratio. (7) times interest earned (8) profit margin ratio (9) total asset turnover. (10) return on total assets, and (11) retu on common stockholders' equity. (Do not round intermediate calculations.) Complete this question by entering your answers in the tabs below. Req7 Reg 8 Reg 9 Reg 11 Req 10 Req 1 and 2 Red 3 Reg4 Reqs Reg 6 Compute the days' sales uncollected (3) Days' Sales Uncollected Choose Numerator / Choose Denominator Days 1 x - Days Sales Uncollected Days sales uncollected days X 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 8 Reg 10 Reg 11 Req 1 and 2 Reg 9 Reg 3 Reg 5 Reg 7 Reg 4 Reg 6 Compute the inventory turnover. (4) Inventory Turnover Choose Denominator: Choose Numerator: 1 Inventory Turnover Inventory turnover times Reg 3 Red 5 > 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 4 Rebes Reg 3 Reg 6 Reg 7 Reg 11 Reg 8 Reg 9 Reg 10 Compute the days' sales in Inventory. 15) Days Sales In Inventory Choose Denominator Choose Numerator: Days = Days Sales in Inventory = Days' sales in inventory days 1 x Required: Compute the following: (1) current ratio, (2) acid-test ratio, (3) days' sales uncollected, (4) inventory turnover (5) days' sales in Inventor (6) debt-to-equity ratio, (7) times interest earned. (8) profit margin ratio (9) total asset turnover (10) return on total assets, and (11) retur 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 Recto Req Req8 Reg 9 Req 10 Reg 11 Compute the debt-to-equity ratio. (6) Choose Numerator: Dobtcto-Equity Ratio Choose Denominator: Debt-to-Equity Ratio Debt-to-equity ratio 1 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. Reg 11 Reg 10 Reg 3 Reg 9 Reg 4 Reg 1 and 2 Reqs Reg 7 Reg 6 Req8 Compute the times interest earned. Times Interest Eamed (7) 1 Choose Numerator: Choose Denominator: Times Interest Earned 1 Times interest earned 1 times equired: Compute the following: (1) current ratio, (2) acid-test ratio, (3) days' sales uncollected, (4) inventory turnover. (5) days' sales in inventory, 5) debt-to-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.) Complete this question by entering your answers in the tabs below. Reg 11 Reg 10 Reds Reg Reg 7 Req 6 Reg 3 Reg 5 Reg 4 Reg 1 and 2 Compute the profit margin ratio. (8) Profit Margin Ratio 1 Choose Denominator: Choose Numerator: Profit margin ratio Profit margin ratio 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. Reg 10 Reg 11 Reg 9 Reg 5 Reg 6 Reg 8 Rea 7 Reg 1 and 2 Reg 3 Reg 4 Compute the total asset turnover. (0) Total Asset Turnover Choose Denominator: 1 Choose Numerator: Total Asset Turnover Total asset turnover times 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. Reg 9 Reg 11 Req 1 and 2 Reg 8 Reg 10 Req 6 Reg 3 Reg 4 Req5 Reg 7 Compute the return on total assets. (10) Return on Total Assets Choose Numerator: 1 Choose Denominator 1 Return on Total Assets Return on total assets = 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, Reg 7 Reg 8 Reg 9 Reg 11 Reg 10 Req 1 and 2 Req3 Reg 4 Reqs Reg 6 Compute the return on common stockholders' equity (11) Return on Common Stockholders' Equity Choose Denominator Choose Numeratori Return On Common Stockholders' Equ - Return on common stockholders' equity