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, $54,900; total assets, $249,400; common stock, $87,000; and retained earnings, $32,268.) CABOT CORPORATION Income Statement For Current Year Ended December 31 Sales $ 450, 600 Cost of goods sold 298, 450 Gross profit 152, 150 Operating expenses 99,000 Interest expense 4,700 Income before taxes 48,450 Income tax expense 19,518 Net income $ 28,932 $ Assets Cash Short-term investments Accounts receivable, net Merchandise inventory CABOT CORPORATION Balance Sheet December 31 Liabilities and Equity 8,000 Accounts payable 9,000 Accrued wages payable 29,000 Income taxes payable 40,150 Long-term note payable, secured by $ 17,500 4,000 3,000 69,400 Merchandise inventory 69,400 Prepaid expenses Plant assets, net Total assets 40,150 Long-term note payable, secured by mortgage on plant assets 2,650 Common stock 153, 300 Retained earnings $ 242,100 Total liabilities and equity 87,000 61,200 $ 242,100 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 Req3 Reg 4 Req 5 Reg 6 Req 7 Req 8 Req 9 Req 10 Req 11 Compute the current ratio and acid-test ratio. (1) Current Ratio Choose Denominator: Choose Numerator: 1 = Current Ratio Current ratio Ito 1 1