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, $51,900; total assets, $199,400; common stock, $81,000; and retained earnings, $52,360.) CABOT CORPORATION 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. $ 447,600 298,050 149,550 99,100 4,500 45,950 18,510 $ 27,440 Assets Cash Short-term investments Accounts receivable, net Merchandise inventory Prepaid expenses. Plant assets, net Total assets CABOT CORPORATION Balance Sheet December 31 Liabilities and Equity $ 16,000 Accounts payable 9,200 Accrued wages payable $ 18,500 3,200 30,800 Income taxes payable. 4,400 40,150 Long-tern note payable, secured by 65,400 mortgage on plant assets 2,850 Common stock 81,000 79,800 $ 252,300 153,300 Retained earnings $ 252,300 Total liabilities and equity 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 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) Choose Numerator: Current assets $ (2) Choose Numerator: Current assets $ Current Ratio Choose Denominator: Current liabilities 99,000/ $ Current Ratio Current ratio 26,100 3.8 to 1 Acid-Test Ratio Choose Denominator: Acid-Test Ratio Current liabilities Acid-Test Ratio 56,000/ $ 26,100 2.1 to 1 Req 1 and 2 Req 3 > Compute the following: (1) current ratio, (2) acid-test ratio, (3) days' sales uncollected, (4) inventory turnover, (5) days' sales in invento (6) debt-to-equity ratio, (7) times interest earned, (8) profit margin ratio, (9) total asset turnover, (10) return on total assets, and (11) reti on common stockholders' equity. (Do not round intermediate calculations.) Complete this question by entering your answers in the tabs below. Req 1 and 21 Req 3 Req 4 Req 5 Req 6 Req 7 Req 8 Req 9 Req 10 Req 11 Compute the days' sales uncollected. (3) Days' Sales Uncollected Choose Numerator: Accounts Receivable, Choose Denominator: Days Current liabilities x365 net Days Sales Uncollected - Days sales uncollected 0 days Compute the following: (1) current ratio, (2) acid-test ratio, (3) days' sales uncollected, (4) inventory turnover, (5) days' sales in inventor (6) debt-to-equity ratio, (7) times interest earned, (8) profit margin ratio, (9) total asset turnover, (10) return on total assets, and (11) retur on common stockholders' equity. (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 inventory turnover. (4) Choose Numerator: Current assets Inventory Turnover Choose Denominator: Current liabilities Inventory Turnover Inventory turnover O times