Problem 13-4A Calculation of financial statement ratios LO P3 Selected year-end financial statements of Cabot Corporation follow. (All sales were on credit, selected balance sheet amounts at December 31, 2017, were inventory, $52,900; total assets, $179,400; common stock, $81,000; and retained earnings, $48,077) CABOT CORPORATION Income Statement For Year Ended December 31, 2018 Sales Cost of goods sold Gross profit Operating expenses Interest expense Income before taxes Income tax expense Net income $ 449,600 297,150 152,450 99,400 4,700 48,350 19,477 $ 28,873 CABOT CORPORATION Balance Sheet December 31, 2018 Assets Cash Short-term investments Accounts receivable, net Merchandise inventory Liabilities and Equity $ 18,000 Accounts payable $ 16,500 3,600 4,100 9,000 Accrued wages payable 29,600 Income taxes payable 32,150 Long-term note payable, secured by 63,400 81,000 76,950 $ 245,550 mortgage on plant assets Prepaid expenses Plant assets, net Total assets 2,500 Common stock 154, 300 Retained earnings $245,550 Total liabilities and equity 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.)