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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, 2017, were inventory, $51,900; total

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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, 2017, were inventory, $51,900; total assets, $209,400; common stock, $87,000, and retained earnings, $47,812.) CABOT CORPORATION Income Statement For Year Ended December 31, 2018 Sales $ 447,600 Cost of goods sold 297,850 Gross profit 149,750 Operating expenses 98,600 Interest expense 4,700 Income before taxes 46,450 Tncome tax expense 18,712 Net Income $ 27.738 $ Canh Short-term investments Accounts receivable, net Merchandise inventory CABOT CORPORATION Balance Sheet December 31, 2018 Liabilities and Equity $ 18,000 Accounts payable 9,600 Accrued wages payable 31,400 Income taxes payable 40,150 Long-term note payable, secured by mortgage on plant assets 2,700 Cormon stock 152,300 Retained earnings $ 254,150 Total liabilities and equity 15,500 3,400 3,300 Prepaid expenses Plant assets, net Total assets 69.400 87,000 75,550 $ 254,150 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.) Compute the current ratio and acid-test ratio. (1) Current Ratio Choose Denominator: Choose Numerator: Current Ratio Current ratio 0 to 1 2018: = Choose Numerator: Choose Numero. Acid-Test Ratio Choose Denominator: Acid-Test Ratio 2018: Acid-Test Ratio 0 to 1 = Compute the days' sales uncollected. (3) Days' Sales Uncollected Choose Denominator: x Choose Numerator: Days - Days Sales Uncollected Days sales uncollected 0 days 2018: References Compute the inventory turnover. (4) Inventory Turnover 1 Choose Denominator: Choose Numerator: - Inventory Turnover Inventory turnover O times 2018: Compute the days' sales in inventory. Days' Sales in Inventory Choose Denominator: X Days Choose Numerator: Days' Sales In Inventory Days' sales in inventory O days Compute the debt-to-equity ratio. (6) Debt-to-Equity Ratio Choose Denominator: Choose Numerator: - Debt-to-Equity Ratio Debt-to-equity ratio 0 to 1 2018: Compute the times interest earned. Times Interest Earned Choose Numerator: 1 Choose Denominator: Times Interest Earned Times interest earned 2018: O times Compute the profit margin ratio. Profit Margin Ratio Choose Denominator: Choose Numerator: 1 - Profit margin ratio Profit margin ratio 2018: Compute the total asset turnover. (9) Total Asset Turnover Choose Denominator: Choose Numerator: - Total Asset Turnover Total asset turnover 0 times 2018: Compute the return on total assets. (10) Return on Total Assets / Choose Denominator: = Choose Numerator: Return on Total Assets Return on total assets 0 % 2018: Compute the return on common stockholders' equity. Choose Numerator: Return on Common Stockholders' Equity Choone Denominator Return On Common Stockholders' Equity Return on common stockholders' equity 2018

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