at December $31$ of the prior year were inventory, $$54,900$; total assets, $$199,400$; common stock, $$83,000$; and retained earnings,

$$37,769.)$

CABOT CORPORATION

Income Statement

For Current Year Ended December $31$

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.

Note: Do not round intermediate calculations.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, $$54,900$; total assets, $$199,400$; common stock, $$83,000$; and retained earnings, $$37,769.)$

CABOT CORPORATION

Balance Sheet

December $31$ of current year

Assets Liabilities and Equity

Cash $ $20,000$ Accounts payable $ $18,500$

Short$-$term investments $9,600$ Accrued wages payable $4,800$

Accounts receivable, net $32,600$ Income taxes payable $3,900$

Merchandise inventory $30,150$ Long$-$term note payable, secured by mortgage on plant assets $70,400$

Prepaid expenses $3,100$ Common stock $83,000$

Plant assets, net $154,300$ Retained earnings $69,150$

Total assets $ $249,750$ Total liabilities and equity $ $249,750$

CABOT CORPORATION

Income Statement

For Current Year Ended December $31$

Sales $ $453,600$

Cost of goods sold $297,650$

Gross profit $155,950$

Operating expenses $99,300$

Interest expense $4,100$

Income before taxes $52,550$

Income tax expense $21,169$

Net income $ $31,381$

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.

Note: Do not round intermediate calculations.