Selected year-end financial statements of Cabot Corporation follow. (All sales were on credit; selected balance sheet amounts at December 31, 2016, were inventory, $53,900; total assets, $179,400; common stock, $86,000; and retained earnings, $40,316.) CABOT CORPORATION Incone Statement For Year Ended December 31, 2017 Sales $ 451,600 297,250 154,350 98,800 4,000 51,550 20,766 Cost of goods sold Gross profit Operating expenses Interest expense Income before taxes Income taxes Net income 30,784 CABOT CORPORATION Balance Sheet December 31, 2017 Liabilities and Equity Assets Cash 18,000 Accounts payable 15,500 Short-term investments 8, 200 Accrued wages payable 2,800 Accounts receivable, net Notes receivable (trade) Merchandise inventory Prepaid expenses Plant assets, net 31,000 Income taxes payable 4,100 6,500 30,150 Long-term note payable, secured by mortgage on 66,400 plant assets 2,750 Conmon stock 149,300 Reteined earnings S 245,900 Total 1iabilities and equity 86,000 71,100 S 245,900 Total assets 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 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) Current Ratio Choose Denominator: Choose Numerator: Current Ratio Current ratio 2017: to 1 Acid-Test Ratio (2) Choose Numerator: Choose Denominator Acid-Test Ratio Acid-Test Ratio to 1 2017: Req 3 Next>