Problem 13-4A (Algo) Calculating financial statement ratios LO P3 Selected current year-end financial statements of Cabor Corporation follow. All sales were on credit, selected balance sheet amounts at December 31 of the prior year were inventory, 546,900, total assets, $209,400; common stock, $82,000, and retained earnings. $41,227) $ 18,500 4,600 4,480 67,400 82,600 70.100 $ 247,000 CABOT CORPORATION Balance Sheet December 31 of current year Assets Biabilities and Equity Cash 5 20,000 Accounts payable Short-term investments 8,400 Accrued wages payable Accounts receivable, net 30,600 Income taxes payable Merchandise inventory 36,150 Long-tern note payable, Secured by mortgage on plant assets Prepaid expenses 2,550 Common stock Plant assets, net 149,300 Retained earnings Total assets $ 247,000 Total Habilities and equity CABOT CORPORATION Income Statement For Current Year Ended December 31 Sales $ 450,600 Cost of goods sold 298,250 Gross profit 152,350 Operating expenses 99,300 Interest expense 5,700 Income before taxes 48,350 Income tax expense 19,427 Net income 5 28,873 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, () times interest earned, (8) profit margin ratio, (9) total asset turnover (10) return on total assets, and (11) return on 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 Req6 Req7 Req8 Reg 9 Reg 10 Reg 11 Compute the current ratio and add-test ratio. Numerator: Current Ratio Denominator: Current Ratio Current ratio to 1 (2) Acid-Test Ratio Denominator: Numerator: Acid-Test Ratio Acid-Test Ratio to 1