Selected year-end financial statements of Cabot Corporation follow. (All sales were on credit, selected balance sheet amounts at December 31, 2012, were inventory, $48,900; total assets, $189,400; common stock, $90,000; and retained earnings, $22,748.) CABOT CORPORATION Income Statement For Year Ended December 31, 2013 Sales Cost of goods sold $448,600 297,250 Gross proft Operating expenses Interest expense 151,350 98,600 4,100 Income before taxes Income taxes 48,650 19,598 Net income $ 29,052 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 $ 10,000 Accounts payable $ 17,500 3,200 3,300 8,400 ,500 Long-term note payable, secured 2,650 Accrued wages payable Income taxes payable 29,200 32,150 153,300 by mortgage on plant assets Common stock Retained earnings 63,400 90,000 62,800 Total assets 240,200 Total liabilities and equity $240,200 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, (7) times interest earned, (8) 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.) Choose Numerator: 1 Choose Denominator: Current Ratio Current Ratio 2013