Selected year-end financial statements of Cabot Corporation follow. (All sales were on credit, selected balance sheet amounts at December 31, 2016, were inventory, $46,900; total assets, $249,400, common stock, $87,000; and retained earnings, $48,418) CABOT CORPORATION Income Statement For Year Ended December 31, 2017 Sales $ 450,600 Cont of goods sold 298, 250 Gross profit 152,350 Operating expenses 99,500 Interest expense 4,400 Income before taxes 48,450 Income taxes 19,518 Net Income $ 28,932 Assets Cash Short-term investments Accounts receivable, net Notes receivable (trade) Merchandise inventory CABOT CORPORATION Balance Sheet December 31, 2017 Liabilities and Equity $ 22,000 Accounts payable 8,600 Accrued wages payable 28,600 Income taxes payable 5,000 42,150 Long-term note payable, secured by mortgage on plant assets 3,100 Common stock 148,300 Retained earnings $ 257,750 Total liabilities and equity $ 17,500 4,400 4,100 67,400 Prepaid expenses Plant assets, net Total assets 87,000 77,350 $ 257,750 Check my work 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 (17) return on common stockholders' equity. (Do not round intermediate calculations.) Complete this question by entering your answers in the tabs below. Reg 8 Reg 9 Reg 10 Req 11 Req 1 and 2 Reg 3 Reg 4 Reg 5 Reg 6 Reg 7 Compute the current ratio and acid-test ratio. (1) Current Ratio Choose Numerator: Choose Denominator: - Current Ratio - Current ratio 2017: 1 to 1 (2) Acid-Test Ratio 7 Choose Denominator: Choose Numerator: = Acid-Test Ratio Acid-Test Ratio to 1 2017: 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 7 Reg 8 Reg 9 Reg 10 Req 11 Compute the days' sales uncollected. (3) Days' Sales Uncollected Choose Numerator: Choose Denominator: Days Days Sales Uncollected Days sales uncollected days 2017: Req 1 and 2 Req3 VEXXX Req Req 5 Req6 Req 7 Req8 Req 9 Compute the inventory turnover. Choose Numerator: Inventory Turnover 1 Choose Denominator: Inventory Turnover Inventory turnover 2017: 1 times Check my work 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 (1) return on common stockholders' equity. (Do not round Intermediate calculations.) Complete this question by entering your answers in the tabs below. Reg 8 Reg 9 Reg 10 Reg 11 Req 1 and 2 Req3 Reg4 Real Reg 6 Reg? Compute the days' sales in Inventory. (5) Days Sales in Inventory Choose Numerator Choose Denominator Days x Days' Sales In Inventory Days' sales in inventory days 2017: 1 x Required: Compute the following: (1) current ratio, (2) acid-test ratio, (3) days' sales uncollected. (4) Inventory turnover. (5) amy sales in inventory (6) debt-to-equity ratio, (7) times interest earned. (8) profit margin ratio, (9) total asset turnover. (10) return on totalisses, and return on common stockholders' equity. (Do not round intermediate calculations.) Complete this question by entering your answers in the tabs below. ok 1 RA Reg? He Reg Reg 10 Reg 11 ces Req 1 and 2 Reg 3 Reg 4 Reg 5 Compute the debt-to-equity ratio, (6) Debt-to-Equity Ratio Choose Numerator: Choose Denominator 1 2017: / - Debt-to-Equity Ratio + Debt-to-equity ratio 101 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 (1) 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 Rego Req Regs Req9 Reg 10 Reg 11 Compute the times interest earned, Choose Numerator: Times Interest Earned 1 Choose Denominator: 1 Times Interest Earned Times interest earned 1 times 2017: Required: Compute the following: (1) current ratio, (2) acid-test ratio, (3) days' sales uncollected, (4) Inventory turnover 15 days in invertory (6) debt-to-equity ratio. (7) times interest earned, (8) profit margin ratio (9) totalasset turnover, no return on total assets, and return on common stockholders' equity. (Do not round Intermediate calculations.) Complete this question by entering your answers in the tabs below. Req4 Reg 5 Reg 6 Req 7 Ria* Req9 Req 10 Reg 11 Reg 1 and 2 Req3 Compute the profit margin ratio. Profit Margin Ratio Choose Denominator: Choone Numerator Profit margin ratio = Profit margin ratio 2017: 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) retum on common stockholders' equity. (Do not round intermediate calculations.) Complete this question by entering your answers in the tabs below. ook Req3 Reg 4 Req 1 and 2 Reg 5 Reg 6 Req? Reg 8 Req 10 Rea Red 11 int ences Compute the total asset turnover. (9) Total Asset Turnover Choose Denominator: Choose Numerator: 1 Total Asset Turnover Total asset turnover times / / 2017: Reg 10 > 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 (17) return on common stockholders' equity. (Do not round intermediate calculations.) Complete this question by entering your answers in the tabs below. Req3 Req? Reg 8 Reg 9 Reg 10 Req 1 and 2 Reg 4 Reg 5 Reg 6 Compute the return on common stockholders' equity Reap Choose Numerator: Return on Common Stockholders' Equity Choose Denominator Return On Common Stockholders' Equity Retum on common stockholders' equily 2017: