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, S219,400; common stock, $86,000; and retained earnings, $46,834.) CABOT CORPORATIONN Income Statement For Year Ended December 31, 2015 Sales Cost of goods sold $449,600 298.450 Gross profit Operating expenses Interest expense 151,150 99,100 4,800 Income before taxes Income taxes 47.250 19,034 Net income s 28,216 CABOT CORPORATION Balance Sheet December 31, 2015 Liabilities and Equity Accounts payable Accrued wages payable Income taxes payable Long-term note payable, secured Assets s 10,000 Short-term investments Accounts receivable, net Notes receivable (trade) 9,400 6,500 3.100 S 18,500 4.200 3.500 32,200I ise inventory 64.400 86.000 75,050 by mortgage on piant assets Prepaid expenses Plant assets, net 152,300lRetained eamings CABOT CORPORATION Balance Sheet December 31, 2015 Liabilities and Equity Accounts payable Assets Cash Short-term investments Accounts receivable, net Notes receivable (trade) Merchandise inventory Prepaid expenses Plant assets, net 18,500 4,200 3,500 S 10,000 32,200 38,150 152,300 $251,650 9,400 Accrued wages payable 6,500 Long-term note payable, secured 3,100 Co Income taxes payable by mortgage on plant assets Retained earnings Total liabilities and equity 64,400 75,050 $ 251,650 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.) Choose Numerator: I Choose Denominator: Current Ratio Current ratio 2015 to 1 Acid-Test Ratio Acid-Test Ratio Choose Numerator:Choose Denominator: Acid-test ratio 2015 to 1 ollected x Days Days Sales Uncollected Choose Numerator: Choose Denominator: Days sales uncollected 2015: o days Inventory Turnover Denominator l = Inventory Turnover Choose Numerator: I / Choose 1 Inventory turnover # times 2015: s in Inventory Choose Choose Denominator: | x | Days # Days' Sales in Inventory | | Days sales in inventory 2015 0 days Debt-to-Equity Ratio Choose Numerator: Choose Denominator:Debt-to-Equity Ratio Debt-to-equity ratio to 1 2015 s Interest Earned Choose Numerator: hoose Denominator: Times Interest Earned -Times Interest Earned Times interest eamed 2015 times Return on Total Assets choose Numerator: | 1 | Choose Denominator: 1 = Return on Total Assets (10) Return on total assets 2015: Return on Co Choose Numerator - Return On Common Stockholders' Equity Return on common stockholders' equity Choose Denominator 2015 Return on Total Assets (10) Choose Numerator: | 1 | Choose Denominator: 1 = Return on Total Assets Return on total assets 2015 Return on Common Stockholders' Equity Return On Common Stockholders' Equity Return on common stockholders' equity Choose Numerator: Choose Denominator 2015