Help Selected year-end financial statements of Cabot Corporation follow. (All sales were on credit: selected balance sheet amounts at December 31, 2016, were inventory. $54,900; total assets, $179,400, common stock, $89,000, and retained earnings. $43,032) CABOT CORPORATION Income Statement For Year Ended December 31, 2017 Sales $ 454,600 Cost of goods sold 297.350 Gross profit 157,250 Operating expenses 99,200 Interest expense 4,600 Income before taxes 53,450 Income taxes 21,532 Net income $ 31,918 $ CABOT CORPORATION Balance Sheet December 31, 2017 Assets Liabilities and Equity Cash $ 20,000 Accounts payable Short-term 9 .600 Accrued wages payable investments Accounts receivable, net 34,000 Income taxes payable Notes receivable (trade) 7,500 Merchandise 32, 150 Long-term note payable, secured by inventory mortgage on plant assets Prepaid expenses 2.990 Common stock Plant assets, net 151,300 Retained earnings Total assets $257,450 Total liabilities and equity 17,500 3,000 4,600 68,400 89,000 74,950 $ 257.450 * These are short-term notes receivable arising from customer (trade) sales *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.) Complete this question by entering your answers in the tabs below. OUT Req 1 and 2 Req3 Reg 4 Req 5 Reg 6 Reg? Req8 Req 11 Compute the current ratio and acid-test ratio. Choose Numerator: Current Ratio Choose Denominator: Current Ratio Current ratio - 2017: Choose Numerator Acid-Test Ratio Choose Denominator: ir 1 = - Acid-Test Ratio Acid-Test Ratio to 1 2017: Req3 >