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Selected year-end financial statements of Cabot Corporation follow. (All sales were on credit; selected balance sheet amounts at December 31, 2016, were inventory, $54,900; total assets, $209,400; common stock, $81,000; and retained earnings, $39,007.) CABOT CORPORATION Income Statement For Year Ended December 31, 2017 Sales $ 452,600 Cost of goods sold 297,650 Gross profit 154,950 Operating expenses 99,300 Interest expense 4,000 Income before taxes 51,650 Income taxes 20,807 Net income $ 30,843 Assets Cash Short-term investments Accounts receivable, net Notes receivable (trade) * Merchandise inventory CABOT CORPORATION Balance Sheet December 31, 2017 Liabilities and Equity $ 20,000 Accounts payable 9,200 Accrued wages payable 30,000 Income taxes payable 6,500 30,150 Long-term note payable, secured by mortgage on plant assets 2,800 Common stock 149,300 Retained earnings $ 247,950 Total liabilities and equity $ 17,500 4,600 3,600 71,400 Prepaid expenses Plant assets, net 81,000 69,850 $ 247,950 Total assets These are short-term notes receivable arising from customer (trade) sales. 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) returi 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 Req 4 Req 5 Reg 6 Req 7 Req 8 Reg 9 Reg 10 Reg 11 Compute the current ratio and acid-test ratio. Complete this question by entering your answers in the tabs below. Req 1 and 2 Req3 Req 4 Req 5 Req 6 Req 7 Req 8 Reg 9 Req 10 Req 11 Compute the current ratio and acid-test ratio. (1) Choose Numerator: Current Ratio 1 Choose Denominator: 1 Current Ratio Current ratio 0 to 1 2017: 1 = (2) Choose Numerator: Acid-Test Ratio 1 Choose Denominator: 1 Acid-Test Ratio Acid-Test Ratio 0 to 1 2017: 11 Complete this question by entering your answers in the tabs below. Req 1 and 2 Reg 3 Req 4 Reg 5 Req 6 Req 7 Req 8 Req 9 Reg 10 Req 11 Compute the days' sales uncollected. (3) Days' Sales Uncollected | Choose Denominator: x Days Choose Numerator: Days Sales Uncollected Days sales uncollected 2017: 0 days Complete this question by entering your answers in the tabs below. Req 1 and 2 Req3 Req 4 Req 5 Req 6 Req 7 Req 8 Req9 Req 10 Req 11 Compute the inventory turnover. (4) Choose Numerator: Inventory Turnover 1 Choose Denominator: 1 = Inventory Turnover Inventory turnover 0 times 2017: = Complete this question by entering your answers in the tabs below. Req 1 and 2 Req3 Reg 4 Req 5 Reg 6 Req 7 Req 8 Req9 Reg 10 Reg 11 Compute the days' sales in inventory. (5) Choose Numerator: Days' Sales in Inventory 1 Choose Denominator: Days 1 Days' Sales in Inventory Days' sales in inventory 2017: 0 days Complete this question by entering your answers in the tabs below. Req 1 and 2 Req3 Req 4 Req 5 Reg 6 Req 7 Req 8 Req9 Req 10 Req 11 Compute the debt-to-equity ratio. (6) Choose Numerator: Debt-to-Equity Ratio 1 Choose Denominator: 1 = II Debt-to-Equity Ratio Debt-to-equity ratio 0 to 1 2017: Complete this question by entering your answers in the tabs below. Req 1 and 2 Req3 Reg 4 Reg 5 Req 6 Reg 7 Reg 8 Req 9 Reg 10 Reg 11 Compute the times interest earned. (7) Times Interest Earned Choose Numerator: Choose Denominator: Times Interest Earned + 1 Times interest earned 2017: + 1 0 times Complete this question by entering your answers in the tabs below. Req 1 and 2 Req3 Req 4 Req 5 Req 6 Req 7 Req 8 Req 9 Req 10 Reg 11 Compute the profit margin ratio. (8) Choose Numerator: Profit Margin Ratio 1 Choose Denominator: 1 Profit margin ratio Profit margin ratio 0 % 2017: = Complete this question by entering your answers in the tabs below. Req 1 and 2 Req 3 Reg 4 Reg 5 Reg 6 Req 7 Req 8 Req9 Req 10 Req 11 Compute the total asset turnover. (9) Choose Numerator: Total Asset Turnover 1 Choose Denominator: 1 1 = Total Asset Turnover Total asset turnover 0 times 2017: Complete this question by entering your answers in the tabs below. Req 1 and 2 Req3 Req 4 Reg 5 Req 6 Req 7 Reg 8 Req 9 Reg 10 Req 11 Compute the return on total assets. (10) Choose Numerator: Return on Total Assets 1 Choose Denominator: 1 = Return on Total Assets Return on total assets 0 % 2017: 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 Reg 8 Reg 9 Req 10 Reg 11 Compute the return on common stockholders' equity. (11) Choose Numerator: 1 Return on Common Stockholders' Equity Choose Denominator Return On Common Stockholders' Equity = Return on common stockholders' equity 0 % 2017: =