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, $55,900; total assets, $199,400, common stock, $81,000, and retained earnings. $38,724.) Assets Cash Short-term investments: Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets CABOT CORPORATION Income Statement CABOT CORPORATION Balance Sheet December 31 of current year Liabilities and Equity $8,000 Accounts payable 8,800 Accrued wages payable 33,400 Income taxes payable 40,150 Long-term note payable, secured by mortgage on plant assets 2,950 Common stock 150,300 Retained earnings $ 243,600 Total liabilities and equity 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 $ 448,600 298,450 150,150 98,800 4,000 47,350 19,074 $ 28,276 $ 19,500 4,000 4,700 67,400 81,000 67,000 $243,600 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 B Req 9 Req 10 Req 11 Compute the current ratio and acid-test ratio. (1) (2) Numerator: Current Ratio Denominator: Current Ratio Current ratio 0 to 1 Numerator: Quick assets Acid-Test Ratio Denominator: Current liabilities Acid Test Ratio Acid-Test Ratio 0 to 1 Regenitz Req 3 > Complete this question by entering your answers in the tabs below. Req 1 and 2 Req 3 Req 4 Req 5 Req 61 Req 7 Req 8 Req 9 Req 10 Req 11 Compute the days' sales uncollected. (3) Days Sales Uncollected Numerator: Denominator: Days Days Sales Uncollected Days sales uncollected 0 days N Req 1 and 2 Req 3 Reg Req 51 Req 6 Req 7 Req B Req 9 Req 10 Req 11 Compute the inventory turnover. (4) Numerator: faventory fumover Denominator: Joventory Tumover Inventory turnover 0 times Complete this question by entering your answers in the tabs below. Req 1 and 2 Req 3 Req 4 Re Req 6 Req 7 Req B Req 9. Req 10 Req 11 Compute the days' sales in inventory. (5) Numrator: Days Sales in Inyjantory Denominator Day Sales Inventory Days' sales in inventory 0 days Complete this question by entering your answers in the tabs below. Req 1 and 2 Req 31 Req 4 Req 5 Req 61 Req 7 Req B Req 9 Req 10 Req 11 Compute the times interest earned. 17) Times Interest Earned Numerator + + Denominator: Times Interest Earned Times interest earned 0 times 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 B Req 9 Req 10 Req 11 Compute the profit margin ratio. (0) Numerator Profit Margin Ratio Denominator Prollt this lati Profit margin ratio 0% 1 Req 1 and 2 Req 3 Req 4 Req 5 Req 6 Req 7 Req 8 Req 9 Req 10 Req 11 Compute the total asset turnover. 191 Numerator: Total Asset Turnover Denominator 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 return on total assets. (10) Numerator 1 Return on Total Assets Denominator Retutis on Total Assets Return on total assets 0% 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 Reg 1 Compute the return on equity. Numerator: Rebro on Lunity Denominator Return On Equity Return on equity 0%