mework Problem 13-4A (Algo) Calculating financial statement ratios LO P3 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, $229,400; common stock, $86,000; and retained eamings. $22,174.) CABOT CORPORATION Balance Sheet December 31 of current year Liabilities and Equity $ 18,000 Accounts payable 9,208 Accrued wages payable 28,600 Income taxes payable $ 18,500 3,600 3.188 30,158 Long-term note payable, secured by mortgage on plant assets 71 488 2,800 Common stock 86, 800 148,300 Retained earnings 54,458 237,850 Total liabilities and equity 237,950 Assets Cash Short-term investments Accounts receivable, het Merchandise inventory Prepaid expenses Plant assets, net Total assets CABOT CORPORATION Income Statement For Current Year Ended December 31 Sales Cost of goods sold Gross profit Operating expenses Interest expense Income before taxes Income tax expense Net income Required: $ 454,689 297,550 157.050 98,700 4,380 54.ese 21.774 $ 32,276 Compute the following: (1) current ratio, (2) acid-test ratio, (3) days sales uncollected, (4) inventory turnover, (5) days' sales in inventory. (6) dept-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.) Complete this question by entering your answers in the tabs below. Req 1 and 2 Req 3 Req 4 Reg 5 Req 6 Reg 7 Reg 8 Req 9 Req 10 Req 11 Compute the return on equity. (11) Numerator Return on Equity Denominator