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 $49,900, total assets, $189,400, common stock, $88,000; and retained earnings. $32,615.) CABOT CORPORATION Balance Sheet December 31 of current year Assets Liabilities and Equity Cash $ 20,000 Accounts payable 16,500 Short-term 8,600 Accrued wages payable 3,200 investments Accounts receivable, 3,100 30, 200 Income taxes payable net Merchandise 32,150 Long-term note payable, secured by mortgage 71,400 inventory on plant assets Prepaid expenses 3,050 Common stock 88, eee Plant assets, net 151,300 Retained earnings 63, 100 $ $ Total assets 245,300 Total liabilities and equity 245, 380 CABOT CORPORATION Income Statement For Current Year Ended December 31 $ Sales 452,600 Cost of goods sold 297,858 Gross profit 154,750 Operating expenses 99, 300 Interest expense 4.400 Income before 51,858 taxes Income tax expense 20,565 Net income $ 3,485 Required: Compute the following: current ratio. (2) acid-test ratio, 3) days' sales uncollected. (4) inventory turnover. (5) days! sales in inventory. (6) debt-to-equity ratio) times interest eamed. (8) profit margin ratio (9) total asset turnover (10) return on total assets, and (16) return on equity. (Do not round intermediate calculations.) Complete this question by entering your answers in the tabs below. Req 7 Reqs Reg 9 Req 10 Req 11 Reg 1 and 2 Reg 3 Reg 4 Reg 5 Reg 6 Compute the current ratio and acid-test ratio. Current Ratio Numerator Denominator Current Ratio Current to tot 12 Acid-Test Ratio Denominator Numerator Acad.Test Ratio ACI TORO 01 Reg 3 >