ellook Selected current year-end financial statem at December 31 of the prior year were inventory, $55,900; total assets, $259,400; common stock, $82,000; and retained earnings, $46,845) CABOT CORPORATION Income Statement For Current Year Ended December 31 Sales Cost of goods sold Gross profit Interest expense $ 448,600 297,750 150,050 90,000 Operating expenses 4,400 Income before taxes 47,550 19,195 $ 28,455 Income tax expense Net Income CABOT CORPORATION Balance Sheet December 31 Liabilities and Equity Assets Cash Short-term Investments Accounts receivable, net merchandise Inventory Prepaid expenses Plant assets, not Total assets 14,000 Accounts payable 8,800 Accrued wages payable 30,000 Income tases payable 42,150 Long-term note payable, secured by mortgage on plant assets 3,950 Common stock $52,300 Retained earnings $ 250,800 Total Liabilities and equity $ 16,500 3,000 09,400 82.000 75,200 $250,000 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.) Complete this question by entering your answers in the tabs below. Req 1 and 2 Req 3 Req 4 Req 5 Req 61 Req 7 Req 8 Req 9 Req 10 Req 11 Compute the current ratio and acid-test ratio. (1) Choose Numerator: Current assets Current Ratio Choose Denominator: Current liabilities (2) Choose Numerator: Quick assets Acid Test Ratio Choose Denominator: Current liabilities = Current Ratio Current ratio = 0 to 1 Acid Test Ratio Acid-Test Ratio 0 to 1 Req>