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, $46,900; total assets, $219,400; common stock, $81,000; and retained earnings, $38,566.)

CABOT CORPORATION Income Statement For Current Year Ended December 31
Sales	$	450,600
Cost of goods sold		298,450
Gross profit		152,150
Operating expenses		99,500
Interest expense		4,700
Income before taxes		47,950
Income tax expense		19,316
Net income	$	28,634

CABOT CORPORATION Balance Sheet December 31
Assets				Liabilities and Equity
Cash	$	10,000		Accounts payable	$	15,500
Short-term investments		9,200		Accrued wages payable		4,000
Accounts receivable, net		31,800		Income taxes payable		3,100
Merchandise inventory		38,150		Long-term note payable, secured by mortgage on plant assets		71,400
Prepaid expenses		2,750		Common stock		81,000
Plant assets, net		150,300		Retained earnings		67,200
Total assets	$	242,200		Total liabilities and equity	$	242,200

(1) Choose Numerator: Current assets Current Ratio I Choose Denominator: | Current liabilities | 1 | $ Current Ratio Current ratio 22,600 = to 1 (2) Acid-Test Ratio pose Denominator: Choose Numerator: Quick assets = Acid-Test Ratio = Acid-Test Ratio 22,600] = 1 to 1 Current liabilities $ 1 (3) Days' Sales Uncollected Choose Denominator: x Days Choose Numerator: I = Days Sales Uncollected Accounts Receivable, net (including current notes receivable from customers) 1 Net sales x | 365 = Days sales uncollected 450,600 x days (5) Choose Numerator: Merchandise inventory Days' Sales in Inventory. Choose Denominator: x Cost of goods sold x Days 365 = = i Days' Sales in Inventory Days' sales in inventory 0 days Choose Numerator: Total Asset Turnover Choose Denominator: Average total assets = Total Asset Turnover Net sales | = Total asset turnover 0 times (10) Return on Total Assets Choose Denominator: Choose Numerator: = Return on Total Assets Net income Average total assets Return on total assets 28,634 1 0 %