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, $49,900; total assets, $239,400; common stock, $80,000; and retained earnings, $40,124.) Assets Cash Short-term investments Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets CABOT CORPORATION Balance Sheet December 31 of current year Liabilities and Equity $ 18,000 Accounts payable 8,400 Accrued wages payable 31,200 Income taxes payable 36,150 Long-term note payable, secured by mortgage on plant assets 2,550 Common stock 147,300 Retained earnings $243,600 Total liabilities and equity CABOT CORPORATION Income Statement For Current Year Ended December 31 $ 18,500 3,000 3,300 66,400 80,000 72,400 $ 243,600 Sales Cost of goods sold Gross profit Operating expenses Interest expense Income before taxes Income tax expense Net income Required: $ 454,600 297,750 156,850 98,600 4,200 54,050 21,774 $ 32,276 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. Complete this question by entering your answers in the tabs below. Req 1 and 2 Req 3 Req 4 Req 5 Req 6 Req 7 Req 8 Req 9 Req 10 Req 11 Compute the current ratio and acid-test ratio. (1) Numerator: (2) Numerator: 1 Current Ratio Denominator: = Current Ratio = Current ratio = 0 to 1 Acid-Test Ratio Denominator: Acid-Test Ratio = Acid-Test Ratio 0 to 1 < Req 1 and 2 Req 3 >