Selected year-end financial statements of Cabot Corporation follow. (All sales were on credit; selected balance sheet amounts at December 31, 2016, were inventory, $55,900; total assets, $219,400; common stock, $85,000; and retained earnings, $49,103.) CABOT CORPORATION Income Statement For Year Ended December 31, 2017 Sales $ 455,600 Cost of goods sold 298,550 Gross profit 157,050 Operating expenses 99, 100 Interest expense 4,200 Income before taxes 53,750 Income taxes 21,653 Net income $ 32,097 $ 16,500 3,000 CABOT CORPORATION Balance Sheet December 31, 2017 Assets Liabilities and Equity Cash $ 18,000 Accounts payable Short-term investments 9,000 Accrued wages payable Accounts receivable, net 29,200 Income taxes payable Notes receivable (trade)* 6,500 Merchandise 34,150 Long-term note payable, secured by inventory mortgage on plant assets Prepaid expenses 2,750 Common stock Plant assets, net 154,300 Retained earnings Total assets $ 253,900 Total liabilities and equity 3,800 64,400 85,000 81,200 $ 253,900 * 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 Req 5 Req 6 Reg 7 Req 8 Reg 9 Req 10 Req 11 Compute the current ratio and acid-test ratio. (1) Current Ratio Choose Numerator: 1 Choose Denominator: Current Ratio Current ratio 2017: to 1 (2) Acid-Test Ratio Choose Denominator: Choose Numerator: Acid-Test Ratio 1 Acid-Test Ratio 2017: to 1 Req 1 and 2 Req3 > Complete this question by entering your answers in the tabs below. Req 1 and 2 Req 3 Req 4 Req 5 Reg 6 Req 7 Req 8 Req 9 Reg 10 Reg 11 Compute the days' sales uncollected. (3) Days' Sales Uncollected Choose Denominator: Days Choose Numerator: 1 Days Sales Uncollected Days sales uncollected 2017: days Complete this question by entering your answers in the tabs below. Req 1 and 2 Reg 3 Reg 4 Req 5 Reg 6 Req 7 Req 8 Reg 9 Req 10 Req 11 Compute the inventory turnover. (4) Inventory Turnover Choose Numerator: Choose Denominator: Inventory Turnover Inventory turnover 2017: times Complete this question by entering your answers in the tabs below. Req 1 and 2 Reg 3 Reg 4 Req 5 Reg 6 Req 7 Req 8 Req 9 Req 10 Req 11 Compute the days' sales in inventory. (5) Days' Sales in Inventory Choose Numerator: Choose Denominator: X Days = / / Days' Sales in Inventory Days' sales in inventory days 2017: Complete this question by entering your answers in the tabs below. Req 1 and 2 Reg 3 Reg 4 Reg 5 Reg 6 Req 7 Reg 8 Reg 9 Req 10 Req 11 Compute the times interest earned. (7) Times Interest Earned Choose Numerator: - Choose Denominator: Times Interest Earned + Times interest earned 2017: + / times Complete this question by entering your answers in the tabs below. Req 1 and 2 Req 3 Req 4 Req 5 Reg 6 Reg 7 Req 8 Req 9 Req 10 Req 11 Compute the total asset turnover. (9) Total Asset Turnover Choose Numerator: Choose Denominator: Total Asset Turnover = Total asset turnover 2017: = times Req 8 Req 10 > Complete this question by entering your answers in the tabs below. Reg 1 and 2 Req 3 Req 4 Req 5 Req 6 Reg 7 Req 8 Req 9 Req 10 Req 11 Compute the return on total assets. (10) Return on Total Assets Choose Numerator: Choose Denominator: Return on Total Assets Return on total assets 2017: % Req 9 Req 11 > Complete this question by entering your answers in the tabs below. Req 1 and 2 Req 3 Req 4 Req 5 Req 6 Req 7 Req 8 Req 9 Req 10 Req 11 Compute the return on common stockholders' equity. (11) Return on Common Stockholders' Equity Choose Numerator: 1 Choose Denominator Return On Common Stockholders' Equity = Return on common stockholders' equity 2017: / %