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, $49,900; total assets, $199,400; common stock, $90,000; and retained earnings, $23,403.) Assets Cash Short-term investments CABOT CORPORATION Balance Sheet December 31 of current year Liabilities and Equity $ 10,000 Accounts payable 19,500 8,200 Accrued wages payable 4,400 Accounts receivable, net 30,000 Income taxes payable 3,900 Merchandise inventory Prepaid expenses Plant assets, net Total assets 40,150 Long-term note payable, secured by mortgage on plant assets 66,400 3,050 Common stock 90,000 148,300 Retained earnings 55,500 $ $ 239,700 Total liabilities and equity 239,700 CABOT CORPORATION Income Statement For Current Year Ended Sales December 31 $ 453,600 Cost of goods sold 297,150 Gross profit 156,450 Operating expenses 98,800 Interest expense 3,900 Income before 53,750 taxes Income tax expense, 21,653 $ 32,097 Net income 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 Req 3 Req 4 Req 5 Req 6 Req 7 and 2 Compute the current ratio and acid-test ratio. Req 8 Req 9 Req 10 Req 11 (1) Numerator: Current Ratio Denominator: = Current Ratio Current ratio to 1 (2) Numerator: 1 Acid-Test Ratio Denominator: Acid-Test Ratio Acid-Test Ratio to 1 < Req 1 and 2 Req 3 >