Soved Help S Selected current year-end financial statements of Cabot Corporation follow (All sales were on credit, selected balance sheet amounts at December 31 of the prior year were inventory, $53,900; total assets, $219,400, common stock, $82,000; and retained earnings, $51.479) CABOT CORPORATION Income Statement For Current Year Ended December 31 Sales 5 452,600 Cost of goods sold 296,950 Gross profit 155,650 Operating expenses 99, 300 Interest expense 3,900 Income before taxes 52,450 Income tax expense 21, 129 Net Income $31,321 Assets Cash Short-term investments Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets CABOT CORPORATION Balance Sheet December 31 Liabilities and Equity $ 22,000 Accounts payable 8,800 Accrued wages payable 34,000 Income taxes payable 36,150 Long-term note payable, secured by mortgage on plant assets 3,150 Connon stock 148,300 Retained earnings $ 252,400 Total liabilities and equity $ 15,500 3,000 3,700 65,400 82.ead 82,800 $ 252,400 Required: Compute the following: (1) current ratio. (2) acid-test ratio. (3) days sales uncollected (4) Inventory tumover (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. 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, 19) 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. Reg 6 Reg 7 Reg 8 Reg 9 Reg 10 Reg 11 Rok 1 and 2 Rea 3 Reg 4 Reg 5 Compute the current ratio and acid-test ratio. Choose Numerator Current Ratio 1 Choose Denominator 1 Current Ratio Current ratio to 1 (2) Choose Numerator Acid-Test Ratio 1 Choose Denaminator: 4 1 Acid-Test Ratio Acid-Test Ratio to 1 Req3 > borts points 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. Reg 1 and 2 Meg 3 Reg4 Reqs Req6 Reg Req Reg 9 Reg 10 Reg 11 Compute the days' sales uncollected ) Days' Sales Uncollected Choose Numerator Choose Denomington Day - Days Sales Uncollected - Days sales uncollected days (Banda Rag 4 > Required: Compute the following: (1) current ratio, (2) acid-test ratio, (3) days sales uncollected, (4) inventory turnover, (5) days' sales in inventory, (5) 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. Reg 5 Reg 6 Rea 7 Req 8 Reg 9 Req 10 Reg 11 Rea 1 and 2 Reg 3 Reg 4 Compute the inventory turnover. (4) Choose Numerator: Inventory Turnover 1 Choose Denominator: 1 1 Inventory Turnover Inventory turnover 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, times interest earned, (8) profit margin tatio (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. Reg 1 and 2 Reg 3 Reg 4 Reqs Reg 6 Reg 2 Req8 Req9 Req 10 Reg 11 Compute the total asset turnover, (9) Choose Nurnerator Total Asset Turnover Choose Denominator Total Asset Turnover Total asset tumover times Req Reg 10 > Required: Compute the following: (1) current ratio, (2) acid-test ratio, 3 days' sales uncollected. (4) inventory turnover (5) days' sales in inventory 15) debt-to-equity ratio. (7) times interest earned. (8) profit margin ratio, 19) total asset turnover (10) return on total assets, and (th) retum on common stockholders' equity (Do not round intermediate calculations) Complete this question by entering your answers in the tabs below. Reqs Req6. Reg Req Ree Rect Reg 11 Compute the return on total assets. 101 Choose Numerator: Return on Total Assets Choose Denator - Return on Total Assets Returns to and equity $ 252,480 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. Red 1 and 2 Req3 Reg 4 Reg 5 Reg 6 Reg 7 Reg & Reg 9 Reg 10 Rp 11 Compute the return on common stockholders' equity. Choose Numerator: Return on Common Stockholders' Equity 1 Choose Denominator - Return On Common Stockholders' Equity Retum on common stockholders' equity 1
