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, $169,400; common stock, $85,000; and retained earnings, $37,287.) CABOT CORPORATION Income Statement For Current Year Ended December 31 Sales Cost of goods sold: $449,600 297,350 152,250 Gross profit Operating expenses Interest expense Income tax expense Net income 99,500 4,500 Income before taxes: 48,250 19,437 $ 28,813 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 10,000 Accounts payable. $ 17,500 8,200 Accrued wages payable 3,400 31,400 Income taxes payable 3,200 40,150 Long-term note payable, secured by mortgage on plant assets 66,400 2,550 Common stock 85,000 149,300 Retained earnings 66,100 $241,600 Total liabilities and equity $ 241,600 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. 2 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 eamed, (8) profit margin ratio, (9) total asset turnover, (10) return on total assets, and (1) return on common stockholders' equity. (Do not round intermediate calculations.) Complete this question by entering your answers in the tabs below. ipped Req 1 and 2 1 Req 3 Req 4 Compute the current ratio and acid-test ratio. Book (1) Choose Numerator Req 6 Req7 Reg 9 Req 10 Reg 11 Current Ra Choose Denominator Current Ratio Current ratio (2) Acid-Test Ratio Chooss Numerator Choose Denominator Acid-Test Ratio Acid-Test Ratio