15 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, $179,400; common stock. $88,000; and retained earnings, $43,388) 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 $ 14,000 Accounts payable $18,500 9,400 Accrued wages payable 3,000 34,000 Income taxes payable 3,600 40,150 Long-term note payable, secured by mortgage on 66,400 plant assets 3,150 Common stock 88,000 151,300 Retained earnings 72,500 $252,000 Total liabilities and equity $ 252,000 CABOT CORPORATION Income Statement For Current Year Ended December 31 Sales $ 449,600 Cost of goods sold 297,750 Gross profit 151,850 Operating expenses 99,200 Interest expense 3,900 Income before taxes 48,750 Income tax expense 19,638 $29,112 Net income 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 equity. (Do not round intermediate calculations.)