Homework Chapter 13 Saved Help Save & Exit Submit Check my work 11 Problem 13-4A Calculating financial statement ratios LO P3 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. $90,000, and retained earnings. $44,554.) 13 points eBook CABOT CORPORATION Income Statement For Current Year Ended December 31 Sales $ 451,600 Cost of goods sold 297, 450 Gross profit 154, 150 Operating expenses 99,000 Interest expense 4.500 Income before taxes 50.650 Income tax expense 20,404 Net Income $ 30.246 Print References Assets CABOT CORPORATION Balance Sheet December 31 Liabilities and Equity $ 18,000 Accounts payable 9,600 Accrued wages payable 31,000 Income taxes payable 36,150 Long-term note payable, secured by mortgage on plant assets 2.850 Common stock 154,300 Retained earnings $ 251,900 Total liabilities and equity $ 17,500 3,400 2,800 63,400 Short-term investments Accounts receivable, net Merchandise inventory Prepaid expenses plant assets, not Total asseta 90,000 74,800 $ 251,900 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, (B) profit margin ratio (9) total asset turnover (10) return on total assets, and (11) return on common stockholders' equity. (Do not round intermediate calculations.)