Selected year-end financial statements of Cabot Corporation follow. (All sales were on credit; selected balance sheet amounts at December 31, 2016, were inventory, $47,900; total assets, $229,400; common stock, $85,000; and retained earnings, $44,763.) $ CABOT CORPORATION Income Statement For Year Ended December 31, 2017 Sales 447,600 Cost of goods sold 297,050 Gross profit 150,550 Operating expenses 99, 100 Interest expense 4,500 Income before taxes 46,950 Income taxes 18,913 Net income $ 28,037 CABOT CORPORATION Balance Sheet December 31, 2017 Liabilities and Equity 22,000 Accounts payable 9,400 Accrued wages payable $ $ 19,500 2,800 33,400 Income taxes payable 3,000 Assets Cash Short-term investments Accounts receivable, net Notes receivable (trade) * Merchandise inventory Prepaid expenses Plant assets, net Total assets 70,400 3,500 30,150 Long-term note payable, secured by mortgage on plant assets 2,750 Common stock 152,300 Retained earnings 253,500 Total liabilities and equity 85,000 72,800 253,500 $ $ * These are short-term notes receivable arising from customer (trade) sales. 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 Req 3 Reg 4 Reg 5 Reg 6 Req 7 Req 8 Reg 9 Req 10 Reg 11 Compute the current ratio and acid-test ratio. (1) Current Ratio Choose Numerator: Choose Denominator: Current Ratio Current ratio 2017: to 1 (2) Acid-Test Ratio I Choose Denominator: Choose Numerator: = Acid-Test Ratio Acid-Test Ratio 2017: = to 1