Selected year-end financial statements of Cabot Corporation follow. (All sales were on credit; selected balance sheet amounts at December 31, 2014, were inventory, $55,900; total assets, $189,400; common stock, $83,000; and retained earnings, $46,352.) CABOT CORPORATION Income Statement For Year Ended December 31, 2015 Sales Cost of goods sold Gross profit Operating expenses Interest expense Income before taxes Income taxes Net income $ 448,600 298,350 150,250 99,100 4,600 46,550 18,752 $ 27,798 Assets Cash Short-term investments Accounts receivable, net Notes receivable (trade)* Merchandise inventory Prepaid expenses Plant assets, net Total assets CABOT CORPORATION Balance Sheet December 31, 2015 Liabilities and Equity $ 10,000 Accounts payable $ 17,500 9,400 Accrued wages payable 4,200 33,600 Income taxes payable 3,700 4,500 Long-term note payable, secured 36,150 by mortgage on plant assets 63,400 3,000 Common stock 83,000 149,300 Retained earnings 74,150 $245,950 Total liabilities and equity $ 245,950 *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) return on common stockholders' equity. (Do not round intermediate calculations.) 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.) (1) Current Ratio Choose Numerator: 1 Choose Denominator: = Current Ratio 1 = Current ratio 2015: / == to 1 (2) Acid-Test Ratio Choose Numerator: Choose Denominator: = Acid-Test Ratio = Acid-test ratio 2015: = to 1 (3) Days Sales Uncollected Choose Numerator: 1 Choose Denominator: 2015: (4) Inventory Turnover Choose Numerator: Choose Denominator: 2015: x Days Days Sales Uncollected = Days sales uncollected Inventory Turnover Inventory turnover times days x Days = Days' Sales in Inventory = x Days' sales in inventory = x days + (5) Days' Sales in Inventory. Choose Numerator: Choose Denominator: 2015: (6) 2015: Choose Numerator: Debt-to-Equity Ratio Choose Denominator: = / Debt-to-Equity Ratio Debt-to-equity ratio " to 1 (7) 2015: Times Interest Earned Choose Numerator: 1 Choose Denominator: = Times Interest Earned = + Times interest earned + + = times 1 (8) Profit Margin Ratio Choose Numerator: Choose Denominator: = Profit margin ratio = Profit margin ratio = % 2015: (9) Choose Numerator: 2015: / Total Asset Turnover Choose Denominator: = Total Asset Turnover = Total asset turnover 11 times = " 11 Return on Total Assets Return on total assets % (10) Return on Total Assets Choose Numerator: I Choose Denominator: / 2015: 1 (11) Choose Numerator: 2015: Return on Common Stockholders' Equity Choose Denominator Return On Comton Stockholders' Equity Return on common stockholders' equity %