Selected year-end financial statements of Cabot Corporation follow. (All sales were on credit; selected balance sheet amounts at December 31, 2014, were inventory, $50,900; total assets, $239,400; common stock, $88,000; and retained earnings, $34,615.)

CABOT CORPORATION Income Statement For Year Ended December 31, 2015
Sales	$	448,600
Cost of goods sold		297,950
Gross profit		150,650
Operating expenses		98,700
Interest expense		4,500
Income before taxes		47,450
Income taxes		19,115
Net income	$	28,335

CABOT CORPORATION Balance Sheet December 31, 2015
Assets				Liabilities and Equity
Cash	$	12,000		Accounts payable	$	19,500
Short-term investments		8,600		Accrued wages payable		3,200
Accounts receivable, net		31,600		Income taxes payable		4,000
Notes receivable (trade)*		5,500		Long-term note payable, secured
Merchandise inventory		34,150		by mortgage on plant assets		70,400
Prepaid expenses		2,900		Common stock		88,000
Plant assets, net		153,300		Retained earnings		62,950
Total assets	$	248,050		Total liabilities and equity	$	248,050

* 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.)

10. value: 2.40 points Selected year-end financial statements of Cabot Corporation follow. (All sales were on credit; selected balance sheet amounts at December 31, 2014, were inventory, $50,900; total assets, $239,400; common stock, $88,000; and retained earnings, $34,615.) CABOT CORPORATION Income Statement For Year Ended December 31, 2015 Sales Cost of goods sold 297,950 $448,600 150,650 Gross profit Operating expenses 98,700 Interest expense 4,500 Income before taxes 47,450 Income taxes 19,115 Net income $28,335 CABOT CORPORATION Balance Sheet December 31, 2015 Assets Liabilities and Equity Cash $12,000 Accounts payable $19,500 Short-term investments 8,600 Accrued wages 3,200 payable Accounts receivable, 31.600 Income taxes payable 4,000 net Notes receivable Long-term note (trade)* 5,500 payable, secured Merchandise inventory 34,150 by mortgage on plant 70,400 assets Prepaid expenses 2,900 Common stock 88,000 153,300 Plant assets, net Retained earnings 62,950 $248,050 Total liabilities and equity $248,050 Total assets * 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.) (1) Choose Current Ratio Choose Denominator: Numerator: 7 - Current Ratio = Current ratio to 1 2015: (2) Choose Acid-Test Ratio Choose Denominator Der Numerator: - Acid-Test Ratio Acid-test ratio to 1 2015: | (3) Choose Numerator: Days Sales Uncollected Choose 'Denominator: x Days - Days Sales Uncollected Days sales uncollected 2015: 0 days (4) Choose Numerator: Inventory Turnover Choose Inventory Denominator: Turnover = Inventory turnover times peng 2015: (5) Choose Numerator: Days' Sales in Inventory Choose x Days - Days' Sales in Denominator: * Inventory Days' sales in inventory 0 days 2015: (6) Choose Numerator: Debt-to-Equity Ratio Choose Denominator: Debt-to-Equity Ratio Debt-to-equity ratio to 1 2015: 1 Choose Numerator: Times Interest Earned 1 Choose Denominator: Times Interest Earned Times interest earned 2015: times (8) Choose Numerator: Profit Margin Ratio Choose Denominator: Profit margin ratio Profit margin ratio 2015: % (9) Choose Numerator: Total Asset Turnover Choose Denominator: Total Asset Turnover Total asset turnover times 2015: (10) Choose Numerator: Return on Total Assets Choose Return on Total Denominator: Assets Return on total assets 2015: (11) Choose Numerator: Return on Common Stockholders' Equity Return On Common Choose Denominator Stockholders' Equity Return on common stockholders' equity 2015: References eBook & Resources Fynandad tabla Difficulty ? Medium leaming Obiective. 13.03 Define and ar