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, $53,900; total assets, $249,400; common stock, $82,000; and retained earnings, $39,347.)

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. (Do not round intermediate calculations.)

CABOT CORPORATION Income Statement For Current Year Ended December 31 \begin{tabular}{lr} Sales & $448,600 \\ Cost of goods sold & 297,050 \\ \hline Gross profit & 151,550 \\ Operating expenses & 99,300 \\ Interest expense & 4,100 \\ \hline Income before taxes & 48,150 \\ Income tax expense & 19,397 \\ \hline Net income & $28,753 \\ \cline { 2 - 2 } \end{tabular} AssetsCashShort-terminvestmentsAccountsreceivable,netMerchandiseinventoryPrepaidexpensesPlantassets,net$10,0009,00032,80036,1502,650149,300$239,900 CABOT CORPORATION Balance Sheet December 31 of current year Liabilities and Equity Accounts payable Accrued wages payable Income taxes payable Long-term note payable, secured by mortgage on plant assets 65,400 Common stock Retained earnings Total liabilities and equity 82,00068,100$239,900 (1) (3) Days' Sales Uncollected (4) Inventory Turnover (5) Days' Sales in Inventory. \begin{tabular}{|l|l|l|l|l|c|c|} \hline (6) & \multicolumn{5}{|c|}{ Debt-to-Equity Ratio } \\ \hline & \multicolumn{1}{|c|}{ Numerator: } & 1 & \multicolumn{1}{c|}{ Denominator: } & = & Debt-to-Equity Ratio \\ \hline & Total liabilities & & 1 & Total equity & = & Debt-to-equity ratio \\ \hline & & 1 & & = & 0 & to 1 \\ \hline \end{tabular} (7) Times Interest Earned \begin{tabular}{|l|l|l|c|l|l|l|} \hline (8) & \multicolumn{5}{|c|}{ Profit Margin Ratio } \\ \hline & Numerator: & / & Denominator: & = & \multicolumn{2}{|c|}{ Profit margin ratio } \\ \hline & & / & & = & \multicolumn{2}{|c|}{ Profit margin ratio } \\ \hline & & / & & = & \multicolumn{2}{c|}{%} \\ \hline \end{tabular} \begin{tabular}{|l|l|l|l|l|l|l|} \hline (9) & \multicolumn{3}{|c|}{ Total Asset Turnover } & \multicolumn{2}{|c|}{} \\ \hline & \multicolumn{1}{|c|}{ Numerator: } & / & Denominator: & = & \multicolumn{2}{c|}{ Total Asset Turnover } \\ \hline & Net sales & & / & Average total assets & = & \multicolumn{2}{c|}{ Total asset turnover } \\ \hline & & / & & = & 0 & times \\ \hline \end{tabular} \begin{tabular}{|l|l|l|l|l|l|l|l|} \hline (10) & \multicolumn{3}{|c|}{ Return on Total Assets } & \multicolumn{2}{|c|}{} \\ \hline & \multicolumn{1}{|c|}{ Numerator: } & / & \multicolumn{2}{|c|}{ Denominator: } & = & \multicolumn{2}{|c|}{ Return on Total Assets } \\ \hline & Net income & & / & Average total assets & = & \multicolumn{2}{c|}{ Return on total assets } \\ \hline & & / & & = & 0 & % \\ \hline \end{tabular} (11) Return on Equity