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, $209,400, common stock, $84,000, and retained earnings, $40,187) Assets Cash Short-term investments Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets CABOT CORPORATION Income Statement CABOT CORPORATION Balance Sheet December 31 of current year Liabilities and Equity Accounts payable $ 22,000 8,800 Accrued wages payable 30,800 Income taxes payable 38,150 Long-term note payable, secured by mortgage on plant assets 2,750 Common stock 148,300 Retained earnings $ 250,800 Total liabilities and equity For Current Year Ended December 31 $ 18,500 4,200 4,708 78,400 84,000 69,000 $ 250,800 Sales $450,600 Cost of goods sold 298,250 Gross profit 152,350 Operating expenses 99,100 Interest expense 5,000 Income before taxes 48,250 19,437 $28,813 Income tax expense Net incone 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 Complete this question by entering your answers in the tabs below. eBook Req 1 and 2 Req 3 Req 4 Req 5 Req 6 Req 7 Req 8 Req 9 Req 10 Req 11 Print eferences Compute the current ratio and acid-test ratio. (1) Numerator: Current Ratio Denominator: (2) Acid-Test Ratio Numerator: T Denominator: 1 Current Ratio Current ratio to 1 Acid-Test Ratio = Acid-Test Ratio to 1 Req 1 and 2 Req 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 Note: Do not round intermediate calculations. on equity. Complete this question by entering your answers in the tabs below. Req 1 and 2 Req 3 Req 4 Req 5 Req 6 Req 7 Req 8 Reg 9 Req 10 Req 11 Compute the days' sales uncollected. (3) Numerator: Days' Sales Uncollected Denominator: Days Days Sales Uncollected Days sales uncollected days (6) debt-to-equity ratio, (7) times interest earned, (8) profit margi on equity. Note: Do not round intermediate calculations. Complete this question by entering your answers in the tabs below. Req 1 and 2 Req 3 Req 4 Req 5 Req 6 Req 7 Req 8 Req 9 Req 10 Req 11 Compute the inventory turnover. (4) Numerator: Inventory Turnover Denominator: Inventory Turnover Inventory turnover times Income tax expense Net income Required: 19,437 $28,813 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. Note: Do not round intermediate calculations. Complete this question by entering your answers in the tabs below. Req 1 and 2 Req 3 Req 4 Req 5 Req 6 Req 7 Req 8 Req9 Req 10 Req 11 Compute the days' sales in inventory. (5) Numerator Days' Sales in Inventory Denominator Days Days' Sales in Iriventory Days' sales in inventory days F Check my work es 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) retu on equity. Note: Do not round intermediate calculations. Complete this question by entering your answers in the tabs below. Req 1 and 2 Req 3 Req 4 Req 5 Req 6 Req 7 Req 8. Req 9 Req 10 Req 11 Compute the debt-to-equity ratio. (6) Numerator: 1 Debt-to-Equity Ratio Denominator: Debt-to-Equity Ratio = Debt-to-equity ratio to 1 < Req 5 Req 7 > Require 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. Note: Do not round intermediate calculations. Complete this question by entering your answers in the tabs below. ces Req 1 and 2 Req 3 Req 4 Req 5 Req 6 Req 7 Req 8 Req 9 Req 10 Req 111 Compute the times interest earned. (7) Times Interest Earned Numerator: Denominator: Times Interest Earned " Times interest earned times Complete this question by entering your answers in the tabs below. Req 1 and 2 Req 3 Req 4 Req 5 Req 6 Req 7 Req 81 Req 9 Req 10 Req 11 Compute the profit margin ratio. (8) Numerator: Profit Margin Ration Denominator: Profit margin ratio Profit margin ratio % < Req 7 Req 9 > Complete this question by entering your answers in the tabs below. Req 1 and 2 Req 3 Req 4 Req 5 Req 6 Req 7 Req 81 Req 9 Req 10 Req 11 Compute the total asset turnover. (9) Numerator: 1 1 Total Asset Turnover Denominator: Total Asset Turnover = Total asset turnover times Complete this question by entering your answers in the tabs below. Req 1 and 2 Req 3 Req 41 Req 5 Req 6 Req 7 Req 8 Req 9 Req 10 Req 11 Compute the return on total assets. (10) Return on Total Assets Numerator: Denominator: Return on Total Assets Return on total assets: % on equity. Note: Do not round intermediate calculations. Complete this question by entering your answers in the tabs below. Req 1 and 2 Req 3 Req 4 Req 5 Req 6 Req 7 Req 8 Req 9 Req 10 Req 11 Compute the return on equity. (11) Numerator: Return on Equity Denominator Return On Equity Return on equity %