Problem 13-4A Calculation of financial statement ratios LO P3 Selected year-end financial statements of Cabot Corporation follow (All sales were on credit, selected balance sheet amounts at December 31. 2017, were inventory $50,900; total assets, $229400 common stock. $87,000, and retained earnings, $28,944) CABOT CORPORATION Income Statement or Year Ended Sales Cost of goods sold Gross profit Operating expen Interest expense Income before taxes Income tax expense Net income s 448, 600 297,450 151,150 99,600 4,400 47,150 18,994 s 28,156 Balance Sheet December 31,2018 Liabilities and Equity Assets Cash Short-term investments Accounts receivable, net Merchandise inventory 10,000 Accounts payable 18,500 3,200 3,200 9,200 Accrued wages payable 29,200 Income taxes payable 34,150 Long-term note payable, secured by mortgage on plant assets 65,400 87,000 57, 100 s 234,40o 2, 550 Common stock 149,300 Retained earnings Plant assets, net Total asset 234, 400 Total liabilities and equity Required Compute the following: (1) current ratio, (2) acid-test ratio, (3) days' sales uncollected, (4) inventory turnover, (5) days' sales in invento (6) debt-to-equity ratio, (7) times interest earned, (8) profit margin ratio, (9) total asset turnover, (10) return on total assets, and (11) retu on common stockholders equity. (Do not round intermediate calculations.) (6) debt-to-equity ratio. (7) times interest earned. (8) profit margin ratio (9) total asset turnover, (10) return on total asse on common stockholders' equity (Do not round intermediate colculetions.) Complete this question by entering your answers in the tabs below. Req 1 and 2Req 3 Req 4 Req 5 Reg 6 Rea 7 Req 8 Reg 9 Req 10 Reg 11 Compute the current ratio and acid-test ratio. Choose Numerator Choose Current Ratio Current ratio 2018: to 1 est Ratio ator: Acid-Test Ratio 2018: to 1 Req 3 > 234 4borotal: :1iabi1ities andi equity $ 234400 Total assetS Required: Compute the following: () current ratio. (2) acid-test ratio.(3) days sales uncollected. (4) inventory turnover (5) day (6) debt-to-equity ratio, (7 times interest earned. (8) profit margin ratio. (9) total asset turnover (10) return on total a on common stockholders equity. (Do not round intermediate colculations.) Complete this question by entering your answers in the tabs below Reg 9 Req 5 Req 4 Req 1 and 2 Req 3 9Req 10Req Reg 6Rea7 Req s compute the days. sales uncollected llected Choose Denominator: | x | Days : # Days sales uncollected days 2018: oh common stockhlders equity. (Do not round intermediate calculations.) Complete this question by entering your answers in the tabs below. Req 4 Req 1 and 2 Req 7 Req 3 Req 5 Req 6 Req 8 Compute the inventory turnover Inventory Turnover Choose Numerator: Choose Denominator:Inventory Turnover |Inventory turnover = 2018: times Required: Compute the following: () current ratio, (2) acid-test ratio, (3) days sales uncollected. (4) inventory turnov (6) debt-to-equity ratio. (7) times interest earned. (8) profit margin ratio. (9) total asset turnover (10) return on common stockholders' equity (Do not round intermediate colculations-) Complete this question by entering your answers in the tabs below Req 1 and 2Req 3 Req 4 Req 5 Reg 6Rea 7 Req 8Req 9Req 10 Compute the days sales in inventory. Days Sales in Inventory Choose Numerator: Choose Denominator:x Days Sales in Invento X Days sales in inventory 2018: days K Req 4 Req 6 > Required: Compute the following: (0) current ratio, (2) acid-test ratio. (3) days' sales uncollected. (4) inventory1 (6) debt to equity ratio ( ) times interest earned, (8) profit margin ratio (9) total asset turnover (10) on common stockholders' equity (Do not round intermediate calculations.) Complete this question by entering your answers in the tabs below. Req 9 Rea5R6Rea7 Rea 8 Req 1 and 2Rea 3 Req 4 Compute the debt to equity rati Choose Denominator:Debt to Equity Ratio Choose Numerator:C |Debt-to-equity ratio = to 1 2018: Required: Compute the following: (0 current ratio. (2) acid-test ratio, (3) days sales uncollected, (4) inventory turnover. (5 (6) debt-to-equity ratio. ) times interest earned. (8) profit margin ratio. (9) total asset turnover. (10) return on to on common stockholders' equity (Do not round intermediate colculations.) Complete this question by entering your answers in the tabs below. Req 4Reg 5Reg 6Rea 7Req 8Reg 9Req 10 Req 3 Req 1 and 2 Compute the times interest eaned Times Interest Eaned Choose DenominatorTimes Interest Earned Choose Numerator: Times interest earned times 2018: Req 8> (6) debt-to-equity ratio, (7) times interest earned, (8) profit margin ratio, (9) total asset turn on common stockholders' equity (Do not round intermediate calculations.) nt nces Complete this question by entering your answers in the tabs below Rea 4 Rea 1 and 2 Req 3 Req 6 Req 7 Req 5 Req 8 Re Compute the total asset turnover. Total Asset Turnover Choose Denominator:. Total Asset Turnover Choose Numerator. | Total asset turnover times 2018: Req 8 Req 10 y mermedlate calculations.) es Complete this question by entering your answers in the tabs below. Req 1 and 2 Req 3 Compute the retur on total assets (10) Req 4 Req 5 Req 6 Req 7 Rea 8 Choose Numerator: I Choose Denominator Return on Total Assets Return on total assets 2018: K Req 9 neq 13 ) te payable. secured by mortgage on plant assets 65, 400 87,000 57,100 S 234,400 2.550 Common stock 149,300 Retained earnings Prepaid expenses Plant assets, net Total assets $ 234.400 Total liabilities and equity Required: Compute the following:(1) current ratio. (2) acid-test ratio, (3) days sales uncollected. 4) inventory turnover. (5) days' sale (6) debt-to-equity ratio. 7 times interest earned. (8) profit margin ratio. (9) total asset turnover, (10) return on total assets on common stockholders' equity. (Do not round intermediate calculations.) Complete this question by entering your answers in the tabs belovw Rea 7 Req8 Reg 9 Req 10 Req 11 Req 6 Req s Req 1 and 2Req 3Req 4 the return on common stockholders.eguity.. ty + Return On Common Stockholders Equity Return on common stockholders' equity Return on Common Stockho Choose Denominator Choose Numerator 2018: Req 10