Problem 13-4A 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. $49.900: total assets, $209,400, common stock, $85,000; and retained earnings, $32,751) CABOT CORPORATION Income Statement Par Current Year Ended December 31 Sales $ 451,600 Cost of goods sold 297,850 Gross profit 153,750 Operating expenses 99,500 Interest expense 4,600 Income before taxes 49,650 Income tax expense 20,001 Net income $ 29,649 Assets Cash Short-term investments Accounts receivable, net Merehandise inventory Prepaid expenses Plant assets, net Total assets CABOE CORPORATION Balance Sheet December 31 Liabilities and Equity $ 14,000 Accounts payable 8, 200 Acerued wages payable 33,400 Income taxes payable 34,150 Long-term note payable, secured by mortgage on plant assets 2,850 common stock 151300 Retained earnings $ 243,900 Total liabilities and equity $ 17,500 3,200 4,400 71,400 85,000 62,400 $ 243,900 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.) hata hala