Selected year-end financial statements of Cabot Corporation follow. (All sales were on credit; selected balance sheet amounts at December 31, 2014, were inventory, $54,900; total assets, $209,400; common stock, $87,000; and retained earnings, $31,872.) CABOT CORPORATION Income Statement For Year Ended December 31, 2015 Sales Cost of goods sold $454,600 297,750 Gross profit Operating expenses Interest expense 156,850 98,700 4,600 Income before taxes Income taxes 53,550 21,572 Net income $ 31,978 CABOT CORPORATION Balance Sheet December 31, 2015 Assets Cash Short-term investments Accounts receivable, net $ 8,000 9,200 30,200 Liabilities and Equity Accounts payable Accrued wages payable Income taxes payable Long-term note payable, $ 18,500 4,600 3,700 Notes receivable (trade) Merchandise inventory Prepaid expenses Plant assets, net 6,500 38,150 2,700 153,300 secured by mortgage on plant assets Common stock 70,400 87,000 63,850 Retained earnings Total assets $248,050 Total liabilities and equity $248,050 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.) Current Ratio Choose Denominator: Choose Numerator: I Current Ratio Current ratio 2015 to 1