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, $239,400; common stock, $83,000; and retained earnings, $46,541.) 3:09 Assets Cash Short-term investments Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net CABOT CORPORATION Balance Sheet December 31 of current year Liabilities and Equity $ 18,000 Accounts payable 9,200 Accrued wages payable 30,000 Income taxes payable. 40,150 Long-term note payable, secured by mortgage on plant assets 2,650 Common stock. 150,300 Retained earnings. Total assets $ 250,300 Total liabilities and equity CABOT CORPORATION Income Statement For Current Year Ended December 31 Sales Cost of goods sold Operating expenses $447,600 298,350 149,250 99,100 4,000 46,150 18,591 $ 27,559 Gross profit Interest expense Income before taxes Income tax expense Net income Required: $ 16,500 4,200 4,100 68,400 83,000 74,100 $ 250,300 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 61 Req 7 Req 8 Req 9 Req 10 Req 11 Compute the current ratio and acid-test ratio. (1) Current Ratio