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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 $47,900; total assets, $169,400; common stock. $85,000; and retained earnings, $37,287) CABOT CORPORATION Income Statement For Current Year Ended December 31 Sales $ 449,600 Cost of goods sold 297,350 Gross profit 152,250 Operating expenses 99,500 Interest expense 4,500 Income before taxes 48,250 Income tax expense 19,437 Net income $ 28,813 Assets Cash Short-term investments Accounts receivable, net Merchandise inventory CABOT CORPORATION Balance Sheet December 31 Liabilities and Equity $ 10,000 Accounts payable 8,200 Accrued wages payable 31,400 Income taxes payable 40,150 Long-term note payable, secured by mortgage on plant assets 2,558 Common stock 149,300 Retained earnings $ 241,600 Total liabilities and equity $ 17,500 3,480 3,280 66,400 Prepaid expenses Plant assets, net Total assets 85,000 66,100 $ 241,600 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.
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 oquity ratio, times interest eamed, () profit margin ratio, co total asset turnover (10) return on total assets, and return on common stockholders' equity. (Do not round intermediate calculations.) Complete this question by entering your answers in the tabs below. oped Rag 1 and 2 Reg4 Reqs Rego Red Ree Rig Reg 10 R11 Compute the current ratio and acid-test ratio Current Choose Denominator Choose Numerator Curre Ratio Current ratio 1 Acid-Tento Choose Denominata Choes Numerator - Acid- TR Acid-Test Ratio tot Req>