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, $53,900; total assets, $ 219,400: common stock, $84,000; and retained earnings, $37,047) CABOT CORPORATION Income Statement Tor Current Year Ended December 31 Sales $ 449,600 Cost of goods sold 297,750 Gross profit 151,850 Operating expenses 99,300 Interest expense 4,400 Income before taxes Income tax expense 19,397 Net income $ 28,753 48,150 Assets Cash Short-term investments Accounts receivable, net Merchandise inventory CABOT CORPORATION Balance Sheet December 31 Liabilities and Equity $14.000 Accounts payable 8,600 Accrued wages payable 30,600 Income taxes payable 32,150 Long-term note payable, secured by mortgage on plant assets 2,550 Common stock 152,300 Retained earnings $ 240,200 Total Habilities and equity $ 16,500 3,600 2.900 67,400 Prepaid expenses Plant annet net Total annet 34.000 65,800 $ 240,200 Saved Prepaid expenses Plant assets, net Total assets 2,550 Common stock 152,300 Retained earnings $ 240,200 Total liabilities and equity 84,000 65,800 $ 240,200 Required: Compute the following: (1) current ratio, (2) acid-test ratio, (3) days' sales uncollected, (4) inventory turnover. (5) days' sales in invento (6) debt-to-equity ratio (7) times interest earned, (8) profit margin ratio, (9) total asset turnover (10) return on total assets, and (11) retu on common stockholders' equity. (Do not round intermediate calculations.) Complete this question by entering your answers in the tabs below. Req 1 and 2 Reg 3 Reg 4 Reg 5 Reg 6 Reg 7 Reg 8 Reg 9 Reg 10 Reg 11 Compute the current ratio and acid-test ratio, 1 Choose Numerator Current assets Current Ratio Choose Denominator Current liabilities Current Ratio Current ratio Oto 1 / Acid Test Ratio Choose Denominator Choone Numerator 1 Aeld Tent Ratio Acid-Test Ratio oto 1 Req3