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. $219,400; common stock, $87,000; and retained earnings, $44,553.) CABOT CORPORATION Income Statement For Current Year Ended December 31 Sales Cost of goods sold $ 454,600 298,450 Gross profit Operating expenses 156,150) 98,600 Interest expense 3,800 Income before taxes 53,750 Income tax expense Net income 21,653 32,097 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 20,000 Accounts payable 9,200 Accrued wages payable 34,200 Income taxes payable 40,150 Long-term note payable, secured by mortgage on plant assets. 2,500 Common stock 152,300 Retained earnings $258,350 Total liabilities and equity $ 18,500 4,600 4,200 67,400 87,000 76,650 $ 258,350 (1) Choose Numerator: Current Ratio Choose Denominator: Current Ratio = Current ratio 0 to 1 (2) Acid-Test Ratio Choose Numerator: Choose Denominator: Acid-Test Ratio = Acid-Test Ratio. = 0 to 1 (3) Days' Sales Uncollected Choose Numerator: Choose Denominator: x Days X = Days Sales Uncollected Days sales uncollected X = 0 days (4) Choose Numerator: Inventory Turnover Choose Denominator: = = Inventory Turnover Inventory turnover 0 times (5) Days' Sales in Inventory Choose Numerator: ' Choose Denominator: x x Days = Days' Sales in Inventory = X = Days' sales in inventory 0 days (6) Debt-to-Equity Ratio Choose Numerator: Choose Denominator: = Debt-to-Equity Ratio Debt-to-equity ratio 0 to 1 (7) Choose Numerator: Times Interest Earned + T Choose Denominator: 1 Times Interest Earned = Times interest earned = 0 times (8) Profit Margin Ratio Choose Numerator: I Choose Denominator: == Profit margin ratio = Profit margin ratio = 0% (9) Total Asset Turnover Choose Numerator: I Choose Denominator: Total Asset Turnover = Total asset turnover === 0 times (10) Choose Numerator: Return on Total Assets Choose Denominator: 11 Return on Total Assets = Return on total assets 0% (11) Choose Numerator: Return on Common Stockholders' Equity Choose Denominator Return On Common Stockholders' Equity Return on common stockholders' equity