Tese de Sull-lenues Televile di ISITY IIUII Lustunnel (ll due 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 Req 4 Req 5 Req 6 Req 7 Req 8 Req 9 Req 10 R Compute the current ratio and acid-test ratio. (1) Choose Numerator: Current assets 2017: $ 98,750 Current Ratio 1 Choose Denominator: 1 Current liabilities / $ 22,800 = = Current Ratio Current ratio 4.3 to 1 = (2) Choose Numerator: Quick assets 2017: $ 56,000 Acid-Test Ratio Choose Denominator: Current liabilities 1 $ 22,800 Acid-Test Ratio Acid-Test Ratio 2.5 to 1 = Req 1 and 2 Req3 > Dou 4 14 Mont equired: ompute the following: (1) current ratio, (2) acid-test ratio, (3) days' sales uncollected, (4) inventory turnover, (5) ays' sales in inventory, (6) debt-to-equity ratio, (7) times interest earned, (8) profit margin ratio, (9) total asset rnover, (10) return on total assets, and (11) return on common stockholders' equity. (Do not round termediate calculations.) Complete this question by entering your answers in the tabs below. Req 1 and 2 Req3 Req 4 Req 5 Req 6 Req 7 Req 8 Req 9 Req 10 Req Compute the days' sales uncollected. nces Days' Sales Uncollected Choose Denominator: X Days Choose Numerator: = Days Sales Uncollected Net sales Average accounts receivable, net x 365 = Days sales uncollected 017: $ 450,600 $ 31,600 x 365 = 5,204.7 days Req 1 and 2 - Reg 4 > equired: ompute the following: (1) current ratio, (2) acid-test ratio, (3) days' sales uncollected, (4) inventory turnover, (5) ays' sales in inventory, (6) debt-to-equity ratio, (7) times interest earned, (8) profit margin ratio, (9) total asset rnover, (10) return on total assets, and (11) return on common stockholders' equity. (Do not round termediate calculations.) Complete this question by entering your answers in the tabs below. Book Req 1 and 2 Req 3 Req 4 Req 5 Req 6 Req6 Req 7 Req7 Reqs Req9 Req 10 Req Reg rint Compute the inventory turnover...... rences (4) Choose Numerator: Cost of goods sold 017: $ 298,250 1 / Inventory Turnover Choose Denominator: Average inventory $ 71,975 = = Inventory Turnover Inventory turnover 4.1 times equired: ompute the following: (1) current ratio, (2) acid-test ratio, (3) days' sales uncollected, (4) inventory turnover, (5) ays' sales in inventory, (6) debt-to-equity ratio, (7) times interest earned, (8) profit margin ratio, (9) total asset rnover, (10) return on total assets, and (11) return on common stockholders' equity. (Do not round termediate calculations.) Complete this question by entering your answers in the tabs below. eBook Req 1 and 2 Req 3 Req 4 Req 5 Req6 Req7 Req8 Reg 9 Req 10 Req 10 Reg Print Compute the days' sales in inventory. eferences (5) Choose Numerator: 1 Days' Sales in Inventory. Choose Denominator: Days x 365 $ 4 x 365 = = = Days' Sales in Inventory Days' sales in inventory 33,306.3 days 017: $ 365 12 equired: ompute the following: (1) current ratio, (2) acid-test ratio, (3) days' sales uncollected, (4) inventory turnover, (5) ays' sales in inventory, (6) debt-to-equity ratio, (7) times interest earned, (8) profit margin ratio, (9) total asset rnover, (10) return on total assets, and (11) return on common stockholders' equity. (Do not round termediate calculations.) points Complete this question by entering your answers in the tabs below. eBook Req 1 and 2 Req3 Req 4 Req 5 Req 6 Req 7 Req 8 Req 9 Req 10 Req Print Compute the debt-to-equity ratio. References Debt-to-Equity Ratio 1 Choose Denominator: Choose Numerator: = = Debt-to-Equity Ratio Debt-to-equity ratio 0 to 1 017: 12 equired: ompute the following: (1) current ratio, (2) acid-test ratio, (3) days' sales uncollected, (4) inventory turnover, (5) ays' sales in inventory, (6) debt-to-equity ratio, (7) times interest earned, (8) profit margin ratio, (9) total asset rnover, (10) return on total assets, and (11) return on common stockholders' equity. (Do not round termediate calculations.) pints Complete this question by entering your answers in the tabs below. eBook Req 1 and 2 Req3 Req 4 Req 5 Req6 Req 7 Req 8 Req 9 Req 10 Req Print Compute the times interest earned. References (7) Times Interest Earned Choose Numerator: Choose Denominator: = Times Interest Earned = Times interest earned 017: + 0 times equired: ompute the following: (1) current ratio, (2) acid-test ratio, (3) days' sales uncollected, (4) inventory turnover, (5) ays' sales in inventory, (6) debt-to-equity ratio, (7) times interest earned, (8) profit margin ratio, (9) total asset rnover, (10) return on total assets, and (11) return on common stockholders' equity. (Do not round termediate calculations.) Complete this question by entering your answers in the tabs below. Book Req 1 and 2 Reg 3 Req 4 Req 5 95 Reg 6 Req 7 Req 7 Req 8 Reg 9 Req 10 Req 10 Req Print Compute the profit margin ratio. erences (8) Profit Margin Ratio Choose Denominator: Choose Numerator: = = Profit margin ratio Profit margin ratio 0% 017: Req 7 Req 9 > equired: ompute the following: (1) current ratio, (2) acid-test ratio, (3) days' sales uncollected, (4) inventory turnover, (5) ays' sales in inventory, (6) debt-to-equity ratio, (7) times interest earned, (8) profit margin ratio, (9) total asset rnover, (10) return on total assets, and (11) return on common stockholders' equity. (Do not round termediate calculations.) Complete this question by entering your answers in the tabs below. Req 1 and 2 Req3 Req 4 Req 5 Req 6 Req 7 Req 8 Req9 Req 10 Req Compute the total asset turnover. Total Asset Turnover Choose Denominator: Choose Numerator: = = Total Asset Turnover Total asset turnover 0 times 017: equired: ompute the following: (1) current ratio, (2) acid-test ratio, (3) days' sales uncollected, (4) inventory turnover, (5) ays' sales in inventory, (6) debt-to-equity ratio, (7) times interest earned, (8) profit margin ratio, (9) total asset rnover, (10) return on total assets, and (11) return on common stockholders' equity. (Do not round termediate calculations.) Complete this question by entering your answers in the tabs below. Req 1 and 2 Req3 Req 4 Reg 5 Req 6 Req 7 Req 8 Req 9 Req 10 Req 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 % 017: equired: ompute the following: (1) current ratio, (2) acid-test ratio, (3) days' sales uncollected, (4) inventory turnover, (5) ays' sales in inventory, (6) debt-to-equity ratio, (7) times interest earned, (8) profit margin ratio, (9) total asset rnover, (10) return on total assets, and (11) return on common stockholders' equity. (Do not round termediate calculations.) Complete this question by entering your answers in the tabs below. Req 1 and 2 Req3 Req 4 Reg 5 Req 6 Req 7 Req 8 Req 9 Req 10 Req 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 % 017: equired: Compute the following: (1) current ratio, (2) acid-test ratio, (3) days' sales uncollected, (4) inventory turnover, (5) ays' sales in inventory, (6) debt-to-equity ratio, (7) times interest earned, (8) profit margin ratio, (9) total asset urnover, (10) return on total assets, and (11) return on common stockholders' equity. (Do not round itermediate calculations.) points mplete this question by entering your answers in the tabs below. eBook 1 and 2 Req3 Req 4 Req 5 Req 6 Req 7 Req 8 Req9 Req 10 Req 11 Print pute the return on common stockholders' equity. References Choose Numerator: 1 Return on Common Stockholders' Equity Choose Denominator = Return On Common Stockholders' Eq | = Return on common stockholders' equity Problem 13-4A Calculation of financial statement ratios LO P3 Selected year-end financial statements of Cabot Corporation follow. (All sales were on credit; selected balance sheet amounts at December 31, 2016, were inventory, $51,900; total assets, $219,400; common stock, $80,000; and retained earnings, $46,037.) CABOT CORPORATION Income Statement For Year Ended December 31, 2017 Sales $ 450, 600 Cost of goods sold 298,250 Gross profit 152,350 Operating expenses 99,400 Interest expense 4,700 Income before taxes 48,250 Income taxes 19,437 Net income $ 28,813 $ Assets Cash Short-term investments Accounts receivable, net Notes receivable (trade) * Merchandise inventory CABOT CORPORATION Balance Sheet December 31, 2017 Liabilities and Equity $ 10,000 Accounts payable 9,400 Accrued wages payable 31,600 Income taxes payable 5,000 40,150 Long-term note payable, secured by mortgage on plant assets 2,600 Common stock 151,300 Retained earnings $ 250,050 Total liabilities and equity 15,500 4,200 3,100 72,400 Prepaid expenses Plant assets, net Total assets 80,000 74,850 $ 250,050