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, $56,900; total assets, $179,400; common stock, $88,000, and retained earnings, $44,664) CABOT CORPORATION Balance Sheet December 31 of current year Assets Cash Short-term investments Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets CABOT CORPORATION Income Statement Liabilities and Equity $ 18,000 Accounts payable 8,400 Accrued wages payable 32,800 Income taxes payable 38,150 Long-term note payable, secured by mortgage on plant assets 2,950 Common stock 154,300 Retained earnings $ 254,600 Total liabilities and equity For Current Year Ended December 315 Sales Cost of goods sold Gross profit Operating expenses Interest expense Income before taxes Income tax expense Net income $455,600 297,850 157,750 98,900 4,700 54,150 21,814 $ 32,336 $18,500 4,200 3,500 63,400 88,000 77,000 $ 254,600 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 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 91 Req 10 Req 11 Compute the current ratio and acid-test ratio