m mheducation.com/ext/map/index.html?_con-con&external browser=0&launchUrl=https%253A%252F%252Fnewconnect.mheducation.com%252F/activity/ Saved Help Save & Ex 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, $189,400; common stock, $84,000, and retained earnings, $27,901) 49 Assets Cash Short-term investments Accounts receivable, net. Merchandise inventory Prepaid expenses Plant assets, net Total assets CABOT CORPORATION Balance Sheet December 31 of current year Liabilities and Equity $ 8,000 Accounts payable 9,000 Accrued wages payable 28,600 Income taxes payable 34,150 Long-term note payable, secured by mortgage on plant assets 2,500 Common stock 151,300 Retained earnings $233,550 Total liabilities and equity $ 19,500 4,800 4,300 63,400 84,000 57,550 $ 233,550 CABOT CORPORATION Income Statement For Current Year Ended December 31 Sales Cost of goods sold Gross profit Operating expenses Interest expense Income before taxes Income tax expense Net income Required: $ 450,600 297,950 152,650 98,600 4,400 49,650 20,001 $ 29,649 Q Search < Prev 15 of 15 Next 7 > heducation.com/ext/map/index.html?_cons con&external browser=0&launchUrl=https%253A%252F%252Fnewconnect.mheducation.com%252F#/activity/ Saved Help Save & Exit austrere expen Income before taxes Income tax expense Net income Required: 49,650 20,001 $ 29,649 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 equity. Note: Do not round intermediate calculations. Complete this question by entering your answers in the tabs below. Req 1 and 21 Req 3 Req 41 Req 5 Reg 6 Reg 7 Req 8 Req 9 Req 10 Req 11 Compute the debt-to-equity ratio. (6) Numerator: I Q Search Debt-to-Equity Ratio Denominator: 1 0 to 1 < Prev 15 of 15 Next