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, $47,900; total assets, $219,400; common stock, $84,000; and retained earnings, $40,019.) CABOT CORPORATION Balance Sheet December 31 of current year Assets Cash Short-term investments Accounts receivable, net Liabilities and Equity $ 20,000 Accounts payable 8,000 Accrued wages payable 31,400 Income taxes payable Merchandise inventory Prepaid expenses Plant assets, net 38,150 2,750 150,300 Long-term note payable, secured by mortgage on plant assets Common stock Retained earnings Total assets $ 250,600 Total liabilities and equity CABOT CORPORATION Income Statement For Current Year Ended December 31 Sales Cost of goods sold $ 453,600 297,650 $ 18,500 4,200 4,100 68,400 84,000 71,400 $ 250,600 Gross profit Operating expenses Interest expense Income before taxes Income tax expense Net income Required: 155,950 98,700 4,700 52,550 21,169 $ 31,381 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 9 Req 10 Req 11 Compute the current ratio and acid-test ratio. (1) Numerator: Current Ratio Denominator: = Current Ratio = Current ratio = to 1 (2) Acid-Test Ratio Numerator: Denominator: Acid-Test Ratio Acid-Test Ratio to 1