Selected year-end financial statements of Cabot Corporation follow. (All sales were on credit; selected balance sheet amounts at December 31, 2016, were inventory, $48,900; total assets, $189,400; common stock, $90,000; and retained earnings, $22,748.) RTION Incone Statenent For Year Ended December 31, 2017 Sales $448,600 Cost of goods 297,250 ld Groas profit Operating 151,350 98,600 xpenaes Interest expense 4.100 Income before 48,650 taxes 19.598 Tncome taxen s 29,052 Net income CABO CORPORATION Balance Sheet December 31, 2017 Liabilities and Equity Assets Accounta payable Cash 10,000 17,500 Short-term Accrued wages payable 8,400 3,200 investments Accounts receivable, 29,200 Income taxes payable 3,300 net Notes receivable (trade) 4,500 32,150 Merchandise Long-tern note payable, 63,400 inventory secured by mortgage on plant assets Prepaid expenses Plant assets, net 2,650 153,300 Common atock 90.000 Retained earnings 62,800 Total liabilities and $240,200 $240,200 Total apaets equity These are short-term notes recevable arising from customer (trade) sales. Required: Compute the following: () current ratio, (2) acid-test ratio, (3) days' sales uncollected, (4) inventory tunover, (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. Req 1 Req 3 Req 7 Req 10 Req 11 Req 4 Req 5 Req 6 Req 8 Req 9 and 2 Compute the current ratio and acid-test ratio (1) Current Ratio Choose Choose Denominator: Current Ratio Numerator: =Current Ratio 0to 1 2017 (2) Choose Numerator: Acid-Test Ratio Choose Denominator =Acid-Test Ratio =Acid-Test Ratio 0to 1 2017 Req 1 and 2 Req 3 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.) Complete this question by entering your answers in the tabs below. Req 6 Req 1 and 2 Req 4 Req 5 Req 7 Req 9 Req 10 Req 3 Req 8 Reg 11 Compute the days' sales uncollected. Days' Sales Uncollected (3 Choose Numerator: Choose Denominator: Days Days Sales Uncollected X Days Sales Uncollected 0days 2017: X Req 1 and 2 Req 4 Required: Compute the following: () 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. Req 4 Req 5 Req 8 Req 11 Req 1 and 2 Req 3 Req 6 Req 7 Req 9 Req 10 Compute the inventory turnover. Inventory Turnover (4) Inventory Turnover Inventory Turnover Choose Numerator: Choose Denominator: 2017: 0 times Req 3 Req 5 II 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.) Complete this question by entering your answers in the tabs below. Req 3 Req 4 Req 5 Req 6 Req 7 Req 8 Reg 9 Req 10 Req 11 Req 1 and 2 Compute the days' sales in inventory. Days' Sales in Inventory (5) Days' Sales in Inventory Choose Numerator: Choose Denominator: Days Days' Sales Inventort X 2017 0 days X KReq 4 Req 6 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. Complete this question by entering your answers in the tabs below. Req 10 and 2 Req 3 Req 4 Req 5 Req 6 Req 7 Reg 8 Req 9 Req 11 Req : . Compute the debt-to-equity ratio. (6) Debt-to-Equity Ratio Choose Numerator: Choose Denominator: Debt-to-Equity Ratio Debt-to-Equity Ratio O to 1 2017: = KReq 5 Req 7 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.) Complete this question by entering your answers in the tabs below. Req 4 Req 6 Req 8 Req 10 Req 11 Req 1 and 2 Req 3 Req 5 Req 7 Req 9 Compute the times interest earned. Times Interest Earned (7) Choose Numerator: Choose Denominator: Times Interest Earned Times interest earned 2017: 0times Req 6 Req 8 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.) C Complete this question by entering your answers in the tabs below. Req 7 Req 11 Req 1 and 2 Req 3 Req 4 Req 5 Req 6 Req 8 Req 9 Req 10 Compute the profit margin ratio. Profit Margin Ratio (8) Choose Numerator: Choose Denominator: Profit margin ratio Profit margin ratio 2017: 0% Req 7 Req 9 Required: Compute the following: () 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. Req 3 Req 6 Req 7 Req 9 Req 1 and 2 Req 4 Req 5 Req 8 Req 10 Req 11 Compute the total asset turnover. Total Asset Turnover (9) Choose Numerator: Choose Denominator: Total Asset Turnover Total Asset Turnover 2017 0 times Req 8 Req 10 Required: Compute the following: () 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. Req 1 and 2 Req 5 Req 6 Req 7 Req 8 Req 9 Req 3 Req 4 Req 10 Req 11 Compute the return on total assets Return on Total Assets (10) Choose Numerator: Choose Denominator: Return on Total Assets Return on Total Assets 2017 C = Req 11 Req 9 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. Complete this question by entering your answers in the tabs below. Req 3 Req 4 Req 5 Req 7 Reg 8 Req 10 Req 11 Req 1 and 2 Req 6 Req 9 Compute the return on common stockholders' equity. Return on Common Stockholders' Equity (11) Return On Common Stockholders' Equity Choose Numerator: Choose Denominator Return On Common Stockholders' Equity 0% 2017: Req 11 Rea 10