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, $50,900; total assets, $209,400; common stock, $85,000; and retained earnings, $42,216.)

CABOT CORPORATION Income Statement For Current Year Ended December 31
Sales	$	448,600
Cost of goods sold		296,950
Gross profit		151,650
Operating expenses		98,800
Interest expense		4,900
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	$	20,000		Accounts payable	$	19,500
Short-term investments		8,400		Accrued wages payable		4,600
Accounts receivable, net		28,800		Income taxes payable		4,200
Merchandise inventory		40,150		Long-term note payable, secured by mortgage on plant assets		67,400
Prepaid expenses		2,900		Common stock		85,000
Plant assets, net		151,300		Retained earnings		70,850
Total assets	$	251,550		Total liabilities and equity	$	251,550

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.)

Compute the debt-to-equity ratio. (6) Debt-to-Equity Ratio Choose Denominator: Choose Numerator: 1 = Debt-to-Equity Ratio Debt-to-equity ratio 1 to 1 Compute the times interest earned. (7) Times Interest Earned Choose Numerator: / Choose Denominator: = Times Interest Earned + = Times interest earned + 1 times Compute the profit margin ratio. (8) Profit Margin Ratio Choose Denominator: Choose Numerator: / E Profit margin ratio Profit margin ratio 1 = 1 % Compute the total asset turnover. (9) Total Asset Turnover Choose Numerator: 1 Choose Denominator: Total Asset Turnover Total asset turnover / times