Selected current year$-$end financial statements of Cabot Corporation follow. $($All sales were on credit; selected balance sheet amountsSelected 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, $$55,900$; total assets, $$249,400$; common stock, $$84,000$; and retained earnings,

$$53,219.$

CABOT CORPORATION

Income Statement

For Current Year Ended December $31$

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.

Note: Do not round intermediate calculations.

at December $31$ of the prior year were inventory, $$55,900$; total assets, $$249,400$; common stock, $$84,000$; and retained earnings,

$$53,219.$

CABOT CORPORATION

Income Statement

For Current Year Ended December $31$

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.

Note: Do not round intermediate calculations.Compute the current ratio and acid$-$test ratio.