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, $219,400; common stock, $88,000; and retained earnings. $34,877.) Assets Cash Short-term investments Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets CABOT CORPORATION Balance Sheet December 31 of current year Liabilities and Equity $ 16,000 Accounts payable $19,500 8,293 Accrued wages payable 3,699 29,990 Income taxes payable 4,200 38,150 3,098 Long-term note payable, secured by mortgage on plant assets Common stock 65,400 149, 330 Retained earnings 63,754 $ 243,450 Total liabilities and equity $ 243,450 CABOT CORPORATION Income Statement For Current Year Ended December 31 Sales Cost of goods sold $ 448,693 297,156 Gross profit 151,450 Operating expenses 98,936 Interest expense 4,230 Income before taxes 48,358 Income tax expense 19,477 Net income $28,873 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 equity. Note: Do not round intermediate calculations. Complete this question by entering your answers in the tabs below. Req 1 and 2 Req 3 Req 4 Req 5 Req 0 Req 7 Req B Reg 9 Req 10 Req 11 Compute the current ratio and acid-test ratio. P) Numerator: (2) Numerator: ' Current Ratio Denominator: Current Ratio Current ratio Acid-Test Ratio Denominator: Acid-Test Ratio Add-Test Ratio 01 Real and 2 Req 3 >