Selected current year-end financial statements of Cabot Corporation follow. (All sales were on credit, selected balance sheet am at December 31 of the prior year were inventory, $47,900; total assets. $239,400. common stock, $81,000; and retained earnings $53,875.) CABOT CORPORATION Income Statement For Current Year Ended December 31 Sales $ 452,600 Cost of goods sold 298,550 Gross profit 154,850 Operating expenses 98,900 Interest expense 4,200 Income before taxes 50,950 Income tax expense 20,525 Net income $ 30,425 $ Assets Cash Short-term investments Accounts receivable, net Merchandise inventory CABOT CORPORATION Balance Sheet December 31 Liabilities and Equity $ 14,000 Accounts payable 8,480 Accrued wages payable 33,200 Income taxes payable 40,150 Long-term note payable, secured by mortgage on plant assets 2,550 Common stock 154,300 Retained earnings $ 252,600 Total liabilities and equity 16,500 3,000 3,400 64,400 Prepaid expenses Plant assets, net Total assets 81,000 84,300 $ 252,600 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) 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. Red 1 and 2 Reg 3 Reg4 Regs Reg 6 Reg 2 Reg B Regg Reg 10 Ret 11 Compute the profit margin ratio Profit Marvin Ratio Choose Denominator: Choose Numerator: 1 Profit margin ratio Profit margin ratio 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. Reg 1 and 2 Reg 3 Reg 4 Regs Reg 6 Req Req8 Reg9 Reg 10 Req 11 Compute the total asset turnover. 19) Total Asset Turnover Choose Denominator: Choose Numerator 1 Total Asset Tumover Total asset turnover Olmos