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, $49,900; total assets, $189,400, common stock, $83,000, and retained earnings, $38,532) CABOT CORPORATION Income Statement For Current Year Ended December 31 Sales $ 450, 600 Cost of goods sold 297,250 Gross profit 153,350 Operating expenses 98,900 Interest expense 4,600 Income before taxes 49,850 Income tax expense 20,082 Net income $ 29,768 $ Assets Cash Short-term investments Accounts receivable, net Merchandise inventory CABOT CORPORATION Balance Sheet December 31 Liabilities and Equity $ 18,000 Accounts payable 9,000 Accrued wages payable 29,600 Income taxes payable 38,150 Long-term note payable, secured by mortgage on plant assets 2,950 Common stock 148,300 Retained earnings $ 246,000 Total liabilities and equity 16,500 4,800 3,000 70,400 Prepaid expenses Plant assets, net Total assets 83,000 68,300 $ 246,000 Reruired 3 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. oints Req 1 and 2 Req 3 Reg 4 Reg 5 Req 6 Req 7 Req 8 Reg 9 Req 10 Req 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 1 Choose Denominator: Choose Numerator: Acid-Test Ratio Acid-Test Ratio to 1 1 Req3 > AC h 17 Quiz 3 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. 50 olnts Reg 1 and 2 Reg 3 Req 4 Reg 5 Req 6 Reg 7 Req 8 Req 11 Reg 9 Req 10 Compute the days' sales uncollected. (3) Days' Sales Uncollected Choose Denominator: Days Choose Numerator: 1 Days Sales Uncollected = Days sales uncollected 1 days ho 3 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. ts Req 1 and 2 Req3 Req 4 Req 5 Reg 6 Req 7 Req 8 Req 11 Req 9 Reg 10 Compute the inventory turnover. Inventory Turnover Choose Denominator: Choose Numerator: 1 = Inventory Turnover Inventory 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.) 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 Reg 4 Req 1 and 2 Req 6 Req 7 Req 8 Req 9 Reg 10 Req 11 Rea sa Compute the days' sales in inventory. (5) Days' Sales in Inventory Choose Denominator: Choose Numerator: Days / X Days' Sales in Inventory Days' sales in inventory days 1 3 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. ts Req 1 and 2 Req3 Reg 4 Reg 5 Rdq6 Req 7 Req 8 Reg 9 Reg 10 Reg 11 Compute the debt-to-equity ratio. (6) Debt-to-Equity Ratio 1 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. Req3 Req 1 and 2 Reg 4 Req 6 Req5 meg 7 Reg 11 Req8 Reg 10 Req 9 Compute the times interest earned. Times Interest Earned Choose Numerator: 1 Choose Denominator: Times Interest Earned 1 = Times interest earned + times 3 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. 5 Reds Req3 Reg 4 Reg 5 Req 1 and 2 Reg 6 Req 7 Reg 9 Req 10 Req 11 Compute the profit margin ratio. (8) Profit Margin Ratio Choose Denominator: Choose Numerator: Profit margin ratio Profit margin ratio % 3 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. ats Req3 Req 1 and 2 Reg 4 Req 5 Reg 6 Req 7 Flag 9 Reg 8 Reg 10 Reg 11 Compute the total asset turnover. (9) Total Asset Turnover Choose Denominator: Choose Numerator: 7 = Total Asset Turnover 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 (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. Rell 10 Reg 3 Req 9 Req 11 Req5 Req 7 Req 1 and 2 Reg 4 Req 8 Req 6 Compute the return on total assets. (10) Return on Total Assets Choose Denominator: Choose Numerator: Return on Total Assets Return on total assets / 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 Req 3 Reg 4 Req 5 Reg 6 Req 7 Reg 8 Req 9 Req 10 R 11 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 = 1 = % AC h 17 Quiz 3 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. 50 olnts Reg 1 and 2 Reg 3 Req 4 Reg 5 Req 6 Reg 7 Req 8 Req 11 Reg 9 Req 10 Compute the days' sales uncollected. (3) Days' Sales Uncollected Choose Denominator: Days Choose Numerator: 1 Days Sales Uncollected = Days sales uncollected 1 days ho 3 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. ts Req 1 and 2 Req3 Req 4 Req 5 Reg 6 Req 7 Req 8 Req 11 Req 9 Reg 10 Compute the inventory turnover. Inventory Turnover Choose Denominator: Choose Numerator: 1 = Inventory Turnover Inventory 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.) 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 Reg 4 Req 1 and 2 Req 6 Req 7 Req 8 Req 9 Reg 10 Req 11 Rea sa Compute the days' sales in inventory. (5) Days' Sales in Inventory Choose Denominator: Choose Numerator: Days / X Days' Sales in Inventory Days' sales in inventory days 1 3 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. ts Req 1 and 2 Req3 Reg 4 Reg 5 Rdq6 Req 7 Req 8 Reg 9 Reg 10 Reg 11 Compute the debt-to-equity ratio. (6) Debt-to-Equity Ratio 1 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. Req3 Req 1 and 2 Reg 4 Req 6 Req5 meg 7 Reg 11 Req8 Reg 10 Req 9 Compute the times interest earned. Times Interest Earned Choose Numerator: 1 Choose Denominator: Times Interest Earned 1 = Times interest earned + times 3 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. 5 Reds Req3 Reg 4 Reg 5 Req 1 and 2 Reg 6 Req 7 Reg 9 Req 10 Req 11 Compute the profit margin ratio. (8) Profit Margin Ratio Choose Denominator: Choose Numerator: Profit margin ratio Profit margin ratio % 3 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. ats Req3 Req 1 and 2 Reg 4 Req 5 Reg 6 Req 7 Flag 9 Reg 8 Reg 10 Reg 11 Compute the total asset turnover. (9) Total Asset Turnover Choose Denominator: Choose Numerator: 7 = Total Asset Turnover 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 (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. Rell 10 Reg 3 Req 9 Req 11 Req5 Req 7 Req 1 and 2 Reg 4 Req 8 Req 6 Compute the return on total assets. (10) Return on Total Assets Choose Denominator: Choose Numerator: Return on Total Assets Return on total assets / 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 Req 3 Reg 4 Req 5 Reg 6 Req 7 Reg 8 Req 9 Req 10 R 11 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 = 1 = %