Problem 17-4A (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, $52,900; total assets, $199,400; common stock. $81,000; and retained earnings, $41,679.) sets Cash Short-term investments Accounts receivable, net Merchandise inventory Prepaid expennen Plant annet net Total ansato CABOT CORPORATION Balance Sheet December 31 of current year Liabilities and Equity $ 18,000 Accounts payable 9,000 Accrued wages payable 31,000 Income taxes payable 34,150 Long-term note payable, secured by mortgago on plant annet 3,050 Common stock 142,300 Retained earnings $ 242,500 Total liabilities and equity $ 17,500 3.400 4,500 67,400 81,000 68,700 $ 262,500 CABO CORPORATION Income Statement Por Current Year Ended December 31 Sales $447,600 Cont of goods sold 298,450 Gross profit 149, 150 Operating expenses 99,300 Interest expensie 4.600 Income before taxes 45,250 Income tax expense 18,229 Net income $ 27,021 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 equity. (Do not round Intermediate calculations.) Complete this question by entering your answers in the tabs below. Reg 1 and 2 Reg 3 Reg 4 Regs Reg 6 Red RedB Reg9 Reg 10 Reg 11 Compute the current ratio and acid-test ratio. (1) Current Ratio Denominator Numerator: Current Ratio Current ratio Acid-Test Ratio Denominator Numerator Acid-Test Ratio Acid Test Ratio 0 to 1 Reg 3 >