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, $53,900; total assets, $199,400; common stock, $85,000; and retained earnings, $48,798.) CABOT CORPORATION Income Statement For Current Year Ended December 31 Sales $ 449,600 Cost of goods sold 297,250 Gross profit 152, 350 Operating expenses 99,400 Interest expense 4,300 Income before taxes 48,650 Income tax expense 19,598 Net income 29,052 $ Assets Cash Short-term investments Accounts receivable, net Merchandise inventory CABOT CORPORATION Balance Sheet December 31 Liabilities and Equity $ 20,000 Accounts payable 8,600 Accrued wages payable 32,600 Income taxes payable 34,150 Long-term note payable, secured by mortgage on plant assets 2,700 Common stock 153,300 Retain earnings $ 251, 350 Total liabilities and equity 17,500 4,800 3,800 62,400 Prepaid expenses Plant assets, net Total assets 85,000 77,850 $ 251,350 Required: 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 common stockholders' equity. (Do not round intermediate calculations.) Complete this question by entering your answers in the tabs below. Req 1 and 2 Req3 Req 4 Reg 5 Reg 6 Req 7 Req 8 Reg 9 Reg 10 Req 11 Compute the current ratio and acid-test ratio. (1) Current Ratio