Selected year-end financial statements of Cabot Corporation follow. (All sales were on credit; selected balance sheet amounts at December 31, 2014, were inventory, $54,900; total assets, $229,400; common stock, $85,000; and retained earnings, $27,136.)

CABOT CORPORATION Income Statement For Year Ended December 31, 2015 Sales $ 449,600 Cost of goods sold 297,650 Gross profit 151,950 Operating expenses 99,600 Interest expense 4,600 Income before taxes 47,750 Income taxes 19,236 Net income $ 28,514

CABOT CORPORATION Balance Sheet December 31, 2015 Assets Liabilities and Equity Cash $ 8,000 Accounts payable $ 17,500 Short-term investments 8,800 Accrued wages payable 4,600 Accounts receivable, net 32,000 Income taxes payable 3,900 Notes receivable (trade)* 6,000 Long-term note payable, secured Merchandise inventory 30,150 by mortgage on plant assets 68,400 Prepaid expenses 2,800 Common stock 85,000 Plant assets, net 147,300 Retained earnings 55,650 Total assets $ 235,050 Total liabilities and equity $ 235,050

* 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.)

Current Ratio

	Choose Numerator	/	Choose Denominator	=	Current Ratio
	?	/	?	=	Current Ratio
2015	?	/	?	=	____ to 1

Acid-Test Ratio

	Choose Numerator	/	Choose Denominator	=	Acid-Test Ratio
	?	/	?	=	Acid-Test Ratio
2015	?	/	?	=	____ to 1

Days Sales Uncollected

	Choose Numerator	/	Choose Denominator	x	Days	=	Days Sales Uncollected
	?	/	?	x	?	=	Days Sales Uncollected
2015	?	/	?	x		=	_____ days

Inventory Turnover

	Choose Numerator	/	Choose Denominator	=	Inventory Turnover
	?	/	?	=	Inventory Turnover
2015	?	/	?	=	____ times

Days' Sales in Inventory

	Choose Numerator	/	Choose Denominator	x	Days	=	Days' Sales in Inventory
	?	/	?	x	?	=	Days' sales in inventory
2015	?	/	?	x		=	_____ days

Debt-to-Equity Ratio

	Choose Numerator	/	Choose Denominator	=	Debt-to-Equity Ratio
	?	/	?	=	Debt-to-Equity ratio
2015	?	/	?	=	____ to 1

Times Interest Earned

	Choose Numerator	/	Choose Denominator	=	Times Interest Earned
	? + ?	/	?	=	Times interest earned
2015	? + ?	/	?	=		times

Profit Margin Ratio

	Choose Numeratoy	/	Choose Denominator	=	Profit margin ratio
	?	/	?	=	Profit margin ratio
2015	?	/	?	=		%

Total Asset Turnover

	Choose Numerator	/	Choose Denominato	=	Total Asset Turnover
	?	/	?	=	Total Asset Turnover
2015	?	/	?	=	____ times

Return on Total Assets

	Choose Numerator	/	Choose Denominator	=	Return on Total Assets
	?	/	?	=	Return on total assets
2015	?	/	?	=		%

Return on Common Stockholder's Equity

	Choose Numerator	/	Choose Denominator	=	Return on Common Stockholders' Equity
	? - ?	/	?	=	Return on common stockholders' equity
2015	? - ?	/	?	=		%