Sel current year-end financial statements of Capot Corporation tonow. (All sales were on creat, selected balance sheet amounts at December 31 of the prior year were inventory, $47,900, total assets, $179,400, common stock, $84,000; and retained earnings. $36,922) Check my work CABOT CORPORATION Balance Sheet December 31 of current year Liabilities and Equity $ 8,000 Accounts payable $17,500 8,800 Accrued wages payable 3,400 30,600 Income taxes payable 3,200 38,150 Long-term note payable, secured by mortgage on plant assets 62,400 2,550 Common stock 84,000 151,300 Retained earnings 68,900 $239,400 Total liabilities and equity $239,400 Assets Cash Short-term investments Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets CABOT CORPORATION Income Statement For Current Year Ended December 31 Sales $454,600 Cost of goods sold 297,558 Gross profit 157,050 Operating expenses 99,000 Interest expense 4,500 Income before taxes 53,550 Income tax expense 21,572 Net income $31,978 Required: ces Compute the times interest earned. (7) Times Interest Earned Numerator: Denominator: Times Interest Earned Times interest earned 6 smes Req 6 Req 8 > eBook Ask Print References Compute the profit margin ratio. (8) Profit Margin Ratio Numerator: F Denominator: Profit margin ratio Profit margin ratio 0% Compute the total asset turnover. (9) Numerator: Total Asset Turnover Denominator: Total Asset Turnover Total asset turnover 0 times nces Compute the return on total assets. (10) Numerator: Return on Total Assets Denominator: Return on Total Assets Return on total assets 0% (11) Return on Numerator: Denominator