Check my Selected year-end financial statements of Cabot Corporation follow. (All sales were on credit selected balance sheet amounts at December 31, 2015, were inventory, $47,900; total assets, $169,400; common stock, $81,000; and retained earnings, $50,171.) CABOT CORPORATION Income Statement For Year Ended December 31, 2016 Sales $454,600 Cost of goods sold 297.450 Gross profit 157, 150 Operating expenses 99,500 Interest expense 4,600 Income before taxes 53,650 Income taxes 21,371 Net income $ 31,679 CABOT CORPORATION Balance Sheet December 31, 2016 Liabilities and Equity $ 16,000 Accounts payable 9,200 Accrued wages payable 31,600 Income taxes payable 6,500 Long-term note payable, secured 32,150 by mortgage on plant assets 3,000 Common stock 153, 380 Retained earnings $251,750 Total liabilities and equity Assets Cash Short-term investments Accounts receivable, net Notes receivable (trade) Merchandise inventory Prepaid expenses Plant assets, net Total assets $ 16,500 4,400 3,600 64,400 81,000 81 850 $251,750 * These are short-term notes receivable arising from customer (trade) sales. Required: Compute the following: () current ratio, (2) acid-test ratio, (3) days' sales uncollected. (4) Inventory turnover. (5) days' sales In Inventory 0019 NA MODA expenses Plant assets, net Total assets 3,000 153,300 $251,750 Common stock Retained earnings Total liabilities and equity 81,000 81,850 $251,750 *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 (Do not round intermediate calculations.) Current Ratio Choose Denominator: Choose Numerator: I - Current Ratio Current ratio to 2016: y