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, $51,900; total assets, $179,400; common stock, $81,000; and retained earnings, $40,057.) Assets Cash Short-term investments Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets $ 10,000 CABOT CORPORATION CABOT CORPORATION Balance Sheet December 31 of current year Liabilities and Equity Accounts payable 9,200 Accrued wages payable 31,600 Income taxes payable 42,150 2,450 151,300 Long-term note payable, secured by mortgage on plant assets Common stock Retained earnings $ 246,700 Total liabilities and equity Income Statement For Current Year Ended December 31 Sales Cost of goods sold Gross profit Operating expenses Interest expense Income before taxes Income tax expense Net income $ 452,600 297,650 154,950 98,900 4,400 51,650 20,807 $ 30,843 $ 16,500 3,600 3,300 71,400 81,000 70,900 $ 246,700 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 6 Req 7 Req 8 Req 9 Req 10 Req 11 Compute the current ratio and acid-test ratio. (1) (2) Numerator: Current assets Numerator: Quick assets Current Ratio Denominator: Current liabilities 1 = Current Ratio = Current ratio = 0 to 1 Acid-Test Ratio Denominator: Current liabilities 1 Acid-Test Ratio = Acid-Test Ratio 0 to 1 < Req 1 and 2 Req 3 >