Selected year-end financial statements of Cabot Corporation follow. (All sales were...

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Accounting

Selected year-end financial statements of Cabot Corporation follow. (All sales were on credit; selected balance sheet amounts at December 31, 2012, were inventory, $48,900; total assets, $189,400; common stock, $90,000; and retained earnings, $22,748.)

CABOT CORPORATION Income Statement For Year Ended December 31, 2013
Sales $ 448,600
Cost of goods sold 297,250
Gross profit 151,350
Operating expenses 98,600
Interest expense 4,100
Income before taxes 48,650
Income taxes 19,598
Net income $ 29,052

CABOT CORPORATION Balance Sheet December 31, 2013
Assets Liabilities and Equity
Cash $ 10,000 Accounts payable $ 17,500
Short-term investments 8,400 Accrued wages payable 3,200
Accounts receivable, net 29,200 Income taxes payable 3,300
Notes receivable (trade)* 4,500 Long-term note payable, secured
Merchandise inventory 32,150 by mortgage on plant assets 63,400
Prepaid expenses 2,650 Common stock 90,000
Plant assets, net 153,300 Retained earnings 62,800
Total assets $ 240,200 Total liabilities and equity $ 240,200
* These are short-term notes receivable arising from customer (trade) sales.

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.(Use 365 days a year. Do not round intermediate calculations.)

Current Ratio
Choose Numerator: / Choose Denominator: = Current Ratio
/ = Current Ratio
2013: / = to 1
Acid-Test Ratio
Choose Numerator: / Choose Denominator: = Acid-Test Ratio
/ = Acid-Test Ratio
2013: / = to 1
Days Sales Uncollected
Choose Numerator: / Choose Denominator: x Days = Days Sales Uncollected
/ x = Days Sales Uncollected
2013: / x = days
Inventory Turnover
Choose Numerator: / Choose Denominator: = Inventory Turnover
/ = Inventory Turnover
2013: / = times
Days

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