Problem 13.4A (Algo) 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, 548,900, total assets. $169.400, common stock 583.000, and retained earnings, $47795 DOK Assets Cath Short-term investments Accounts receivable, net Merchandise inventory 5 SK CABOT CORPORATION Balance Sheet December 31 Liabilities and Equity $ 18,000 Accounts payable 3,600 Acerued wages payable 28,000 Income taxes payable 40,150 Long-tere note payable, secured by mortgage on plant assets 2,100 Connon stock 151,300 Retained earnings $ 249,650 Total Habilities and equity 19, see 3,000 4,500 63,400 int Peepald expenses Plant assets, net Total assets 3.000 76.250 $249,650 rences CABOT CORPORATION Income Statement For Current Year Ended December 31 Sales $ 449,600 Cost of goods sold 292,550 Gross profit 152,050 Operating expenses 99,600 Interest expense 4,800 Incone before taxes 47,650 Incone tax expense 19,195 Net income $ 23,455 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.) Complete this question by entering your answers in the tabs below. CABOT CORPORATION Income Statement For Current Year Ended December 31 Sales $ 449,600 Cost of goods sold 297550 Gross profit 152,950 Operating expenses 99,600 Interest expense 4.800 Income before taxes 47,65e Income tax expense 19, 195 Net Income 5 28,455 Required: Compute the following: (1) current ratio, (2) acid-test ratio (3) days' sales uncollected, (4) inventory turnover. (5) days' sales (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 below. es Reg 1 and 2 Reg 3 Reg 4 Reqs Reg 6 Reg 7 Reg 8 Reg 9 Reg 10 Reg 11 Compute the debt-to-equity ratio. (6) Choose Numerator Debuto. Equity Ratio Choose Denominator Debt to Equity Ratio - Debt-to-equity ratio to 1 1 13 02 CABOT CORPORATION Income Statement For Current Year Ended December 31 Sales $ 449,600 Cost of goods sold 297550 Gross profit 152, 050 Operating expenses 99.00 Interest expense Income before taxes 47,650 Incone tax expense 19, 195 Net income $ 28,455 points eBook 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.) peint Complete this question by entering your answers in the tabs below. eferences Reg 1 and 2 Reg 3 Reg 4 Reg 5 Reg 6 Rea 7 Reg Reg9 Reg 10 Reg 11 Compute the profit margin ratio. (8) Profit Margin Ratio Choose Denominator Choose Numeraton Profit margin ratio Profit margin ratio 13 CABOT CORPORATION Income Statement For Current Year Ended December 31 Sales $ 449,600 Cost of goods sold 297,550 Gross profit 152,050 Operating expenses 99,600 Interest expense 4.800 Income before taxes 47,650 Income tax expense 19, 195 Net Income 3 28.455 Book AK 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, in 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.) Print Complete this question by entering your answers in the tabs below. rences Reg 1 and 2 Req3 Reg4 Reg 5 Rogo Reg 7 Req8 Rego Reg 10 Reg 11 compute the total asset turnover (9) Total Asset Turnover 1 Choose Denominator: Choose Numerator: Total Asset Tumover Total asset turnover times hew Assignment Chapters 10, 11 & 13 0 Saved 3 CABOT CORPORATION Income Statement For Current Year Ended December 31 Sales $ 449,500 Cost of goods sold 297550 Gross profit 152,050 Operating expenses 99,500 Interest expense 4.800 Income before taxes 47,650 Income tax expense 19.195 Net income 28,455 box Required: Compute the following: (1) current ratio, (2) acid-test ratio, (3) days' sales uncollected, (4) Inventory turnover, (5) days' sales in inve (6) debt-to-equity ratio. (7) times interest earned, (8) profit margin ratio (9) total asset turnover (10) return on total assets, and (11) on common stockholders' equity (Do not round intermediate calculations.) Complete this question by entering your answers in the tabs below. ces Req 1 and 2 Reg 3 Reg4 Regs Reg 6 Reg 2 Reg 8 Reg 9 Reg 10 Reg 11 Compute the return on total assets. (10) Choose Numerator: 1 Return on Total Assets Choose Denominator: Return on Total Assets Return on total assets 1 % Req9 Req 11 > ignment Chapters 10, 11 & 13 Saved Help CABOT CORPORATION Tecome Statement For Current Year Ended December 31 Sales 5449.600 Cost of goods sold 297.350 Gross profit 152,050 Operating expenses 99.000 Interest expense 4,800 Incone before taxes 47,650 Income tax expense 19.195 Net Income $ 28,455 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, 7 times interest earned. (8) profit margin ratio (9) total asset turnover (10) return on total assets, and (19return on common stockholders' equity. (Do not round intermediate calculations.) Complete this question by entering your answers in the tabs below. Reg 1 and 2 Reg 3 Reg 4 Reg 5 Reg 6 Reg Regs Rega Reg 10 Reg 11 Compute the return on common stockholders' equity (11) Return on Common Stockholders Equity Choose Denominator Choose Numerator: Return On Common Stockholders' Equity Return on common stockholders equity