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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

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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 $47,900; total assets, $189,400, common stock, $81,000; and retained earnings, $46,600.) CABOT CORPORATION Income Statement For Current Year Ended December 31 Sales $450, 600 Cost of goods sold 297,550 Gross profit 153,050 Operating expenses 99,600 Interest expense 4,300 Income before taxes 49, 150 Income tax expense 19,800 Net income $ 29,350 $ 16,500 3,600 Assets Cash Short-term investments Accounts receivable, net Merchandise inventory Prepaid expenses part assets, net Alicet CABOT CORPORATION Balance Sheet December 31 Liabilities and Equity $ 22,eee Accounts payable 8,000 Accrued wages payable 32,200 Income taxes payable 30,150 Long-term note payable, secured by mortgage on plant assets 2,700 Common stock 148, 30e Retained earnings $243.350 Total liahilities and antitu 3,900 62,400 81,000 75,950 $243.350 LIVELUTY Prepaid expenses Plant assets, net Total assets HOTLgage un piall asseus 2,700 Common stock 148,380 Retained earnings $243,350 Total liabilities and equity 81,000 75,95 $243, 350 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.) 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 Req 9 Reg 10 Reg 11 Gompute the current ratio and acid-test ratio. Choose Numerator: Current assets Current Ratio Choose Denominator: Current liabilities Current Ratio Current ratio 001 (2) Choose Numerator: Acid-Test Ratio Choose Denominator: 1 Acid-Test Ratio Acid-Test Ratio 0 to 1

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