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, $54,900; total assets, $179,400; common stock, $84,000; and retained earnings, $24,032.) CABOT CORPORATION Income Statement For Current Year Ended December 31 Sales $ 454, 600 Cost of goods sold 297,650 Gross profit 156,950 Operating expenses 99,000 Interest expense 4,500 Income before taxes 53,450 Income tax expense 21,532 Net income $ 31,918 Assets Cash Short-term investments Accounts receivable, net Merchandise inventory CABOT CORPORATION Balance Sheet December 31 Liabilities and Equity $ 12,000 Accounts payable 8,800 Accrued wages payable 33,200 Income taxes payable 30,150 Long-term note payable, secured by mortgage on plant assets 3,000 Common stock 147,300 Retained earnings $ 234,450 Total liabilities and equity $ 18,500 4,200 4,400 67,400 Prepaid expenses Plant assets, net Total assets 84,000 55,950 $ 234, 450 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 Req5 Reg 6 Req 7 Req 8 Req9 Req 10 Req 11 Compute the current ratio and acid-test ratio. (1) Choose Numerator: Current Ratio 1 Choose Denominator: 1 Current Ratio Current ratio II / II to 1 (2) Acid-Test Ratio Choose Denominator: Choose Numerator: 1 = Acid-Test Ratio Acid-Test Ratio Il / = to 1 Days' Sales Uncollected 1 Choose Denominator: Days Choose Numerator: = Days Sales Uncollected Days sales uncollected 1 Il 1 11 days Inventory Turnover Choose Denominator: Choose Numerator: 1 1 Inventory Turnover Inventory turnover = 1 = O times Days' Sales in Inventory. Choose Denominator: Choose Numerator: 1 x Days II 1 Days' Sales in Inventory Days' sales in inventory o days / 11 Debt-to-Equity Ratio Choose Denominator: Choose Numerator: 1 = 1 = Debt-to-Equity Ratio Debt-to-equity ratio 0 to 1 1 Il Times Interest Earned Choose Numerator: 1 Choose Denominator: = Times Interest Earned + = Times interest earned + 0 times Profit Margin Ratio Choose Denominator: Choose Numerator: II 1 / Profit margin ratio Profit margin ratio 0 % Total Asset Turnover Choose Denominator: Choose Numerator: 1 = Total Asset Turnover Total asset turnover / = 0 times Return on Total Assets Choose Numerator: Choose Denominator: = 1 1 Return on Total Assets Return on total assets Il 0 % Return on Common Stockholders' Equity Choose Numerator: 1 Choose Denominator Return On Common Stockholders' Equity Return on common stockholders' equity 1 = / = 0 %