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, $189,400; common stock, $88,000; and retained earnings, $27,384.) CABOT CORPORATION Income Statement For Year Ended December 31, 2017 Sales Cost of goods sold Gross profit Operating expenses Interest expense Income before taxes Income taxes Net income 447,600 297.350 150,250 98,700 4,300 47,250 19,034 $ 28,216 CABOT CORPORATION Balance Sheet December 31, 2017 Liabilities and Equity Assets Cash Short-term investments Accounts receivable, net Notes receivable (trade)* Merchandise inventory 16,500 3,200 4,500 $ 10,000 Accounts payable 8,600 Accrued wages payable 29,600 Income taxes payable 6,000 34,150 Long-term note payable, secured by 70,400 mortgage on plant assets 88,000 55, 600 238,200 Prepaid expenses Plant assets, net Total assets 2,550 Common stock 147,300 Retained earnings $ 238,200 Total liabilities and equity Complete this question by entering your answers in the tabs below. Req 10 Req 1 and 2 Req 3 Req 4 Req 5 Req 6 Req 7 Req 8 Req 9 Req 11 Compute the current ratio and acid-test ratio Current Ratio Choose Numerator: Choose Denominator: Current Ratio Current assets Current liabilities - Current ratio 0 to 1 2017 cid-Test Ratio Choose Numerator: Choose Denominator:Acid-Test Ratio Acid-Test Ratio / Current liabilities Quick assets 2017 0 to 1 Req 1 and 2 Req 3 Req 1 and 2 Reg 3 Req 5 Req 6 Req 7 Req 8 Req 9 Req 10 Reg 11 Req 4 - , Compute the days' sales uncollected. Days' Sales Uncollected Choose Numerator: Choose Denominator: DaysDays Sales Uncollected - Days sales uncollected 2017 0 days Req 1 and 2 Req 4> Req 1 and Req 3Req 4 Req 6 Req 5 Req 7 Req 8 Req 9 Req 10 Req 11 Compute the inventory turnover Inventory Turnover Choose Numerator: , Choose Denominator: -Inventory Turnover Inventory turnover 01 times 2017 Req 5 > Req 3 Compute the days' sales in inventory Days' Sales in Inventory Choose Numerator: Choose Denominator: x DaysDays' Sales in Inventory Days' sales in inventory 0 days 2017 Compute the debt-to-equity ratio Debt-to-Equity Ratio Choose Numerator: Choose Denominator:Debt-to-Equity Ratio Debt-to-equity ratio o to 1 2017 K Req 5 Req 7 Compute the times interest earned imes Interest Earned Choose Numerator: Choose Denominator: Times Interest Earned Times interest earned 0 times 2017 Profit Margin Ratic Choose Numerator:Choose Denominator:Profit margin ratio Profit margin ratio 0| %| 2017: Reg g Compue ecotal arove Total Asset Turnover Choose Numerator:Choose Denominator: Total Asset Turnover Total asset turnover 0 times 2017 Compute the return on total assets (10) Return on Total Assets Choose NumeratorChoose Denominator: Return on Total Assets Return on total assets = 01% 2017: Req 9 Req 11 Compute the return on common stockholders' equity. Return on Common Stockholders' Equity Choose Numerator: Choose Denominator -Return On Common Stockholders' Equity - Return on common stockholders' equity 01% 2017