Selected year-end financial statements of Cabot Corporation follow. (All sales were on credit; selected balance sheet amounts at December 31, 2012, were inventory, $49,900; total assets, $229,400, common stock, $120,000; and retained earnings, $53,148.) CABOT CORPORATION Income Statement For Year Ended December 31, 2013 Sales Cost of goods sold $452,600 296,950 Gross profit Operating expenses Interest expense 155,650 99,100 4,400 Income before taxes Income taxes 52,150 21,008 Net income $ 31.142 CABOT CORPORATION Balance Sheet December 31, 2013 Assets Cash Short-term investments Accounts receivable, net Notes receivable (trade) Merchandise inventory Prepaid expenses Plant assets, net Liabilities and Equity Accounts payable Accrued wages payable Income taxes payable Long-term note payable, secured $ 23,500 2,800 3.400 $ 10,000 9,000 32,400 7.000 34,150 2,950 153,300 by mortgage on plant assets Common stock Retained earnings 68,400 120,000 30,700 Total assets $ 248,800 Total liabilities and equity $248.800 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, (B) profit margin ratio, (9) total asset turnover, (10) return on total assets, and (11) return on common stockholders' equity (Use 365 days a year. Do not round intermediate calculations.) Current Ratio Choose Numerator: | 1 Choose Denominator: Current Ratio Current assets Current liabilities - Current Ratio 2013 95500 29.7001 3.2 to 1 Acid-Test Ratio Choose Denominator: t liabilities Choose Acid-Test Ratio Acid-Test Ratio 2.0 to 1 assets 2013 5B,400I 29.700