Check my work mode : This shows what is correct or incorrect for the work you have completed so far. It does not indicate completio 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. $56,900; total assets, $169,400, common stock, $85,000, and retained earnings, $38,587) CABOT CORPORATION Income Statement For Current Year Ended December 31 Sales $ 451,600 Cost of goods sold 297,150 Gross profit 156.450 Operating expenses 98.600 Interest expense 4.000 Income before taxes 51.850 Income tax expense 20,887 Net Income $ 30,963 $ Cash Short-term investments Recounts receivable, not Merchandise inventory CABOT CORPORATION Balance Sheet December 31 Liabilities and Equity $ 20.000 Accounts payable 8.400 Meerd was payable 34,000 Income tax payable 32,150 Long-term note payable, secured by mortgage on plant assets 2,800 Cormon stock 149.300 Retained earning $ 246,650 Total liabilities and equity 17,500 3,000 3. 200 68,400 85.000 Prepaid expenses Plant seta, net Total assets 69.550 246.650 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 (1) return on common stockholders' equity. (Do not round intermediate calculations.) Answer is not complete. Complete this question by entering your answers in the tabs below. Cash Short-tar investments Accounts receivable, not Merchandise inventory $17.500 3.000 3,200 Liabilities and Equity $ 20,000 Accounts payable 8,400 Meered wages payable 34,000 The taxes payable 32,150 Long-term note payable, secured by mortgage on plant assets 2.800 Common stock 149.300 Retained earnings $ 246,650 Total liabilities and equity Prepaid expenses Plant assets, not Total sats 85.000 69.550 $ 246,650 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.) Answer is not complete. Complete this question by entering your answers in the tabs below. Re 1 and 2 Req3 Rega Reas Req6 Reg? Rego Rege Roq 10 Req 11 Compute the debt-to-equity ratio. Debt-to-Equity Ratio Choose Denominator Choose Numerator Total Debt-to-Equity Ratio Debt-to-equity ratio $ 17.500 Assets Cash Short-term investments Accounts receivable, net Merchandise inventory 3,000 Liabilities and Equity $ 20,000 Accounts payable 8,400 Accrued wages payable 34,000 Income taxes payable 32,150 Long-term note payable, secured by mortgage on plant assets 2.800 Common stock 149,300 Retained earnings $ 246,650 Total liabilities and equity 3,200 68,400 Prepaid expenses Plant assets, net Total assets 85,000 69,550 $ 246.650 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.) Answer is not complete. Complete this question by entering your answers in the tabs below. Red 1 and 2 Req3 Reg4 Regs Reg 6 Reg 7 Reg Req9 Reg 10 Reg 11 Compute the profit margin ratio. Choose Numerator Profit Margin Ratio Choose Denominator: Profit margin Profit marg Reg > Asset $ Short-term investments Accounts receivable, mat Merchandise inventory December Liabilities and Equity 20,000 Accounts payable 8.400 Acerved wagos payable 34,000 Income taxes payable 32,150 Long-term note payable, secured by mortgage on plant assets 2.800 Coon stock 149.300 Retained earnings $ 246, 650 Total liabilities and equity 17,500 3.000 3.200 68,000 Prepaid expenses Plant assets, net Total assets 85.000 69.550 $ 266,650 Required: Compute the following: (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 eamed. (8) profit margin ratio, (9) total asset turnover (10) return on total assets, and (11) retum on common stockholders' equity. (Do not round intermediate calculations.) Answer is not complete. Complete this question by entering your answers in the tabs below. Req 1 and 2 Req3 Req4 Regs Reg 6 Red 7 Rece Req 10 Req 11 Compute the total asset turnover. Choose Numerator Total Asset Turnover Choose Denominator: Total Asset Turnover Total asset tumover O mes R Check my work mode: This shows what is correct or incorrect for the work you have completed so far. It does not indicate come $ Short-term investments Recounts receivable, not Merchandise inventory December 31 Liabilities and Equity $ 20,000 Accounts payable 8,400 Meered vages payable 34,000 Income taxes payable 32,150 Long-term note payable, secured by mortgage on plant assets 2,800 Cowon stock 149,300 Ratsinad earnings $ 246,650 Total liabilities and equity 17.500 3,000 3,200 68,400 1.81 Prepaid expenses Plant assets, net Total assets 85,000 69550 $ 246.650 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 eamed, (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.) Answer is not complete. Complete this question by entering your answers in the tabs below. Req 1 and 2 Reg 3 Reg 4 Reg 5 Reg 6 Reg 2 Req8 Reg 9 Reg 10 Reg 10 Reg 11 Req11 Compute the return on total assets. Return on Total Assets Choose Denominator: Choose Numerator: Return on Total Assets Return on total assets Check my work mode : This shows what is correct or incorrect for the work you have completed so far. It does not indicate completion Return to question Short-term investments Recounts receivable, et Merchandise Leventory December 31 Liabilities and Equity $ 20,000 Recounts payable 8,400 Meerd was payable 34,000 Income taxes payable 32,150 Long-tere note payable, secured by mortgage on plant assets 2.800 o stock 149.300 Betained earnings 246.650 Total lisilities and uity 17.500 3.000 3,200 68,000 85,000 Prepaid expenses Plant este set Totalte 206.65 Required: Compute the following: (1) current ratio, (2) acid-test ratio, (3) days' sales uncollected (4) Inventory turnovec (5) days' sales in inventory (6) debt-to-equity ratio, i7 times interest earned, (8) profit margin ratio, 19) total asset turnover (10) return on total assets, and (11) return Answer is not complete Complete this question by entering your answers in the tabs below. Read 2 3 4 5 6 7 8 9 Reg 10 Compute the return on common stockholders equity Choose Numerator: Return on Common Stockholders' Equity Choose Denominator Return On Common Stockholders' Equity Return on common stockholders