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, $169,400; common stock, $84,000; and retained earnings, $51,183.) CABOT CORPORATION Income Statement For Year Ended December 31, 2017 Sales $ 450, 600 Coat of goods sold 297,350 Gross profit 153, 250 Operating expenses 98,600 Interest expense 4,300 Income before taxes 50, 350 Income taxes 20,283 Net income $ 30,067 Assets Cash Short-term investments Accounts receivable, net Notes receivable (trade) Merchandise inventory CABOT CORPORATION Balance Sheet December 31, 2017 Liabilities and Equity $ 20,000 Accounts payable 8,400 Accrued wages payable 31,800 Income taxes payable 6,000 34,150 Long-term note payable, secured by mortgage on plant assets 3,000 Common stock 154,300 Retained earnings $ 257,650 Total liabilities and equity $ 18,500 3,600 2,900 67,400 Prepaid expenses Plant assets, net Total assets 84,000 81,250 $ 257,650 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.) Complete this question by entering your answers in the tabs below. Req 1 and 2 Reg 3 Reg 4 Reqs Reg 6 Req7 Reg 8 Rego Reg 10 Req 11 Compute the current ratio and acid-test ratio. (1) Current Ratio Choose Numerator: 1 Choose Denominator: 1 2017: 1 Current Ratio - Current ratio 0 to 1 (2) Acid-Test Ratio 1 Choose Denominator: Choose Numerator: = Acid-Test Ratio Acid-Test Ratio O to 1 2017: Raq 1 and 2 Reg 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 1 and 2 Reg 3 Reg 4 Reqs Reg 6 Reg 7 Req8 Req9 Req 10 Reg 11 Compute the days' sales uncollected. (3) Days' Sales Uncollected Choose Denominator: X Days Choose Numerator: 1 - Days Sales Uncollected Days sales uncollected 2017: 0 days 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 1 and 2 Reg 3 Reg 4 Reg 5 Req6 Req 7 Req8 Reg 9 Reg 10 Req 11 Compute the inventory turnover. (4) Inventory Turnover Choose Denominator: Choose Numerator: 1 1 - Inventory Turnover - Inventory turnover o times 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) 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 Req3 Reg 4 Reqs Reg 6 Req? Req8 Req Reg 10 Reg 11 Compute the days' sales in Inventory (5) Choose Numerator Days Sales In Inventory Choose Denominator X Days - Daye'Sales In Inventory - Days' sales in inventory 1 X 2017: 1 x 0 days ( Req Roq) 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 1 and 2 Reg 3 Reg 4 Reg 5 Req6 Req7 Red Reg 9 Req 10 Reg 11 Compute the debt-to-equity ratio, (6) Debt-to-Equity Ratio Choose Numerator Choone Denominator: 1 2017 1 Debt-to-Equity Ratio Debt-to-equity ratio 0 to 1 Req?> 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 1 and 2 Req 3 Reg 4 Req5 Reg 6 Req? Reg 8 Reg 9 Req 10 Req 11 Compute the profit margin ratio. (8) Profit Margin Ratio Choose Numerator: 1 Choose Denominator: 1 Profit margin ratio - Profit margin ratio 0 % 2017: Req> 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 1 and 2 Reg 3 Reg 4 Reqs Req6 Reg 7 Reg 8 Reg 9 Reg 10 Reg 11 Compute the total asset turnover. (9) Total Asset Turnover Choose Denominator Choose Numerator: 1 Total Asset Turnover Total asset turnover 0 times 2017 Required: Compute the following: (1) current ratio, (2) acid-test ratio, (3) days' sales uncollected, (4) inventory turnover, (5) days' sale inventory. (6) debt-to-equity ratio, (7) times interest earned, (8) profit margin ratio, (9) total asset turnover (10) return on to 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 Reg 3 Reg 4 Reqs Reg 6 Req? Reg 8 Regg Ria 10 Req 11 Compute the return on total assets. (10) Choose Numerator: 1 Return on Total Assets Choose Denominator Return on Total Assets - Return on total assets 0 % 2017: ( Req9 Reg 11 > 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 1 and 2 Req3 Reg 4 Reg 5 Req6 Hegy Reg 8 Reg 9 Reg 10 Reg 11 Compute the return on common stockholders' equity Return on Common Stockholders' Equity Choose Numerator: Choose Denominator Return On Common Stockholders' Equity Relum on common stockholders aquity 2017: 1