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, $219,400; common stock, $81,000; and retained earnings, $49,633.) Assets Cash Short-term investments Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets CABOT CORPORATION CABOT CORPORATION Balance Sheet December 31 pf current year Liabilities and Equity $ 18,000 Accounts payable 8,400 Accrued wages payable 33,600 Income taxes payable 32,150 Long-term note payable, secured by mortgage on plant assets 3,050 154,300 Common stock Retained earnings $ 249,500 Total liabilities and equity Income Statement For Current Year Ended December 31 Sales Cost of goods sold Gross profit Operating expenses Interest expense Income before taxes Income tax expense Net income $ 451,600 297,650 153,950 99,300 4,300 50,350 20,283 $ 30,067 $ 17,500 3,200 4,700 63,400 81,000 79,700 $ 249,500 Compute the days' sales uncollected. (3) Days' Sales Uncorected Numerator: Denominator: Days Days Sales Uncollected Accounts Receivable, net (including current notes receivable from customers) Net sales 365 Days sales uncollected $ 451,600 days < Req 1 and 2 Req 4 > Compute the inventory turnover. (4) Numerator: Cost of goods sold $ 297,650 Inventory Turnover Denominator: Average inventory