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, $179,400; common stock, $88,000; and retained earnings, $43,388.) Assets. Cash CABOT CORPORATION Balance Sheet December 31 of current year Liabilities and Equity $ 14,000 Accounts payable 9,400 Accrued wages payable Short-term investments Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets CABOT CORPORATION Income Statement 40,150 Long-term note payable, secured by mortgage on 34,000 Income taxes payable plant assets 3,150 Common stock 151,300 Retained earnings $ 252,000 Total liabilities and equity For Current Year Ended December Sales 31 Cost of goods sold Gross profit Operating expenses Interest expense Income before taxes Income tax expense Net income Required: $ 449,600 297,750 151,850 99,200 3,900 48,750 19,638 $ 29,112 $ 18,5( 3,00 3,60 66,4( 88,00 72,50 252,00 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