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, $48,900; total assets, $189,400; common stock, $90,000; and retained earnings, $33,748.) Sales CABOT CORPORATION Income Statement For Current Year Ended December 31 $ 448,600 Cost of goods sold 297,250 Gross profit 151, 350 Operating expenses Interest expense 4,100 Income before taxes 48,650 Income tax expense Net income $ 29,052 98,600 19,598 Assets Cash Short-term investments Accounts receivable, net Merchandise inventory CABOT CORPORATION Balance Sheet December 31 Liabilities and Equity $ 10,000 Accounts payable 8,400 Accrued wages payable 33,700 Income taxes payable 32,150 Long-term note payable, secured by mortgage on plant assets 2,650 Common stock 153,300 Retained earnings $ 240,200 Total liabilities and equity 17,500 3,200 3,300 63,400 Prepaid expenses Plant assets, net Total assets 90,000 62,800 $ 240,200 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 Reg 3 Reg 4 Req 5 Req6 Reg 7 Req 8 Req 9 Reg 10 Reg 11 Compute the current ratio and acid-test ratio. (1) Current Ratio Choose Denominator: Choose Numerator: Current Ratio Current Ratio 0 to 1 = (2) Acid-Test Ratio Choose Denominator: Choose Numerator: 1 Acid-Test Ratio Acid-Test Ratio 0 to 1 Regard Rec Reg 5 ANG Res Na Reg9 Complete this question by entering your answers in the tabs below. Ree 10 Compute the return on total wers Raqi and Rm2 ReG Raga Rwa Raqi 110) Return an Tata JChoose Darminster Chose Numai Return on Total Assets Retum on Tots els OS Compute the dus nietor 151 Daresalinity Churrerer: The Desc * Days - Days Baksin rentary Dua Belain very diya Colete this question to estering your arewers in the tabs below. Rand A Req Complete this question by entering your answers in the tabs below. Comsute the return on carton Backholders' equity H 2 R3 Hoy 4 My ? Hous Hoy! He 11 Choose Water: Choes De - Ce Can Boekhoe'text - Run On Down 04 Compute the debt-to cquity rato Choose Numerator: Debaty. Bate Choon Denominator: - Debt-to-Equity Road - Dw-ques 0001 Complete this question by entering your answers in the tabe below. 02 km LI Compte themes interest come 0 Times 1 Choo Desator: Checea Mare - There Trwa turned O Complete the question by entering your answers in the tabs below. FATLASRee3 394 RS Red Res RA Re 10 Rq11 Compute the profit margin ratis Pront Nangna 1 Chan Benar Choose Numerar - Praltmargin - Protmarginal US
