U https253A%252F%252Fms.mheducation.com%252Fmghmiddleware mework Seved Help Save & Exit 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, $50,900,total assets, $229,400, common stock, $80,000, and retained earnings, $50,754.) CABOT CORPORATION Income Statement For Current Year Ended December 31 Sales $ 456,600 Cost of goods sold 297,950 Gross profit 158,650 Operating expenses 99,400 Interest expense 5,600 Income before taxes 54,250 Income tax expense 21,854 Net income 5 32,396 Assets Cash Short-term investments Accounts receivable, net Merchandise inventory CABOT CORPORATION Balance Sheet December 31 Liabilities and Equity $ 20,000 Accounts payable 9,200 Accrued wages payable 34,000 Income taxes payable 34,150 Long-term note payable, secured by mortgage on plant assets 2,800 Common stock 150.300 Retained earnings $ 250,450 Total liabilities and equity 17,500 3,200 3.200 63,400 30.000 83150 5 250,450 Prepaid expenses Plant assets, net Total assets Darren Prev Next 2 of 2 o f search Work ma on common stockholders' equity. (Do not round intermediate calculations.) Help Complete this question by entering your answers in the tabs below. Reg 1 and 2 Reg 3 Req 4 Req 5 Reg 6 Req 7 Req8 Reg 9 Reg 10 Reg 11 Compute the current ratio and acid-test ratio. (1) Current Ratio Choose Denominator: Choose Numerator: Current Ratio 1 Current ratio 1 to 1 Acid Test Ratio Choose Denominator: Choose Numerator: Acid-Test Ratio Acid-Test Ratio to 1 Req3 > Next Prey 2 of 2 !!! 1 Saved (6) debt-to-equity ratio. () times interest earned, (8) profit margin ratio. (9) total asset turnover (10) return on total assets, a 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 Reg 6 Req 7 Req8 Reg 9 Reg 10 Reg 11 0.10 Compute the days' sales uncollected (3) Days' Sales Uncollected Choose Denominator Days Choose Numerator: x Days Sales Uncollected = Days sales uncollected days 1 X Prey 2 of 2 Ned con external browser=0&launchUrl=http%253A%252F%252Fim.mheducation.com%2525mghmiddleware 3 Homework Help Compute the following: (1) current ratio. (2) acid-test ratio, (3) days' sales uncollected, (4) inventory turnover. (5) days' sales in inventor (6) debt-to-equity ratio) times interest earned (8) profit margin ratio (9) total asset tumover, (10) return on total assets, and (11) retu on common stockholders' equity. (Do not round intermediate calculations.) SA Complete this question by entering your answers in the tabs below. Reg 1 and 2 Req3 Reg 4 Reg 5 Reg 6 Reg 7 Req8 Reg 9 Req 10 Reg 11 00 Compute the inventory turnover. (4) Inventory Turnover 1 Choose Denominator: Choose Numerator: = Inventory Turnover Inventory turnover times 1 Nerd Next Next Nox Prey Next 2 of 2 18 ORE E to search turnover. (5) days's (8) profit margin ratio. (9) total asset turnover (10) return on total asse Oh 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 Req 5 Reg 6 Req 7 Req8 Reg 9 Req 10 Reg 11 Compute the total asset turnover. (9) Total Asset Turnover Choose Denominator: Choose Numerator: Total Asset Turnover Total asset turnover times Next