Selected year-end Financial statements of Cabot Corporation follow (All sales were on credit, selected balance sheet amounts at December 31, 2016, were inventory, $50,900, total assets. $219,400, common stock, $82,000 and retained earnings, $56,223) CABOT CORPORATION Income Statement For Year Ended December 31, 2017 Sales $ 448,600 Cost of goods sold 298 250 Gross profit 150, 350 Operating expenses 98,900 Interest expense 4,600 Incone before takes 46,850 Income taxes 10.872 Net Income $ 27,977 5 CABOT CORPORATION Balance Sheet December 31, 2017 Liabilities and Equity 16, de Accounts payable 8,eee Accrued wages payable 32, Bee Incone taxes payable $ 15,500 4,800 4,200 Assets Cash Short-ter investments Accounts receivable net Notes receivable (trade) Merchandise inventory Prepaid expenses plant assets, net 64,400 7,000 36,150 Long-tere note payable, secured by mortgage on plant assets 2,850 Con stock 152,300 Retained earnings 82,000 84 200 * 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, () times interest earned. (8) profit margin ratio. (9) total asset turnover (10) return on total assets, and (19) return on common stockholders' equity (Do not round intermediate calculations.) Complete this question by entering your answers in the tabs below. Reg 1 and 2 Reg 3 Reg4 Regs Reg 6 Reg 2 Regs Rog 9 Reg 10 Req 11 Compute the current ratio and acid-test ratio Current Ratio Choose Denominator Choose Numerator: 1 Current Ratio Current ratio 601 2017: 123 AcholestRatio 1 Choose Denominator Choose Nunerator Acid-Test Ratio + Add Test Ratio 101 2017