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, $52,900; total assets. $219,400, common stock, $81,000; and retained earnings, $35,305.) Assets Canh Short-term investments Accounts receivable, net Merchandise inventory CADOT CORPORATION Balance Sheet December 31 Libilities and Equity 5 14,000 Accounts payable 8,800 Accrued wages payable 32,200 Income taxes payable 32,150 Long-term note payable, secured by mortgage on plant assets 2.850 Common stock 149,300 Retained earningo $ 239,300 Totar liabilities and equity $ 17,500 5,000 4,400 63,400 Prepaid expenses Plant assets.net Total assets 81,000 68,000 $ 239,300 CABOT CORPORATION Income Statement For Current Year Ended December 31 Sales $ 456,600 Cost of goods sold 298,050 Gross profit 158, 550 Operating expenses 98,900 Interest expense 4,900 Income before taxes 54,750 Income tax expense 22,055 Net income $32,695 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 (16) 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. Reg 1 and 2 Req3 Reg 4 Reg 5 Req6 Reg 2 Req8 Reg 9 Reg 10 Req 11 Compute the current ratio and acid-test ratio. (1) Current Ratio Choose Denominator: Choose Numerator: Current Ratio Current ratio 1 to 1 (2) Acid-Test Ratio Choose Denominator Choose Numerator: 1 Acid-Test Ratio Acid-Test Ratio to 1 1 Reg 3 >