This is part 1/3 for this problem. I am following Chegg's guidelines and posting in multiple parts.

1 1 Selected current year-end financial statements of Cabot Corporation follow. (All sales were on credit; selected balance sheet amounts at December 31 of the prior year were inventory, $53,900; total assets, $169,400; common stock, $88,000; and retained earnings, $25,515.) 100 points Skipped CABOT CORPORATION Income Statement For Current Year Ended December 31 Sales $ 451,600 Cost of goods sold 297,450 Gross profit 154,150 Operating expenses 98,700 Interest expense 4,400 Income before taxes 51,050 Income tax expense 20,565 Net income $ 30,485 eBook Print References $ Assets Cash Short-term investments Accounts receivable, net Merchandise inventory CABOT CORPORATION Balance Sheet December 31 Liabilities and Equity $ 8,000 Accounts payable 8,000 Accrued wages payable 33,400 Income taxes payable 34,150 Long-term note payable, secured by mortgage on plant assets 2,550 Common stock 149,300 Retained earnings $ 235,400 Total liabilities and equity 19,500 4,200 4,300 63,400 Prepaid expenses Plant assets, net Total assets 88,000 56,000 $ 235,400 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 Reg 3 Req 4 Reg 5 Req 6 Req 7 Req8 Req 9 Req 10 Reg 11 Compute the current ratio and acid-test ratio. (1) Current Ratio 1 Choose Denominator: 1 Choose Numerator: Accounts receivables, net = Current Ratio Current ratio 0 to 1 1 = (2) Acid-Test Ratio Choose Numerator: 1 Choose Denominator: Acid-Test Ratio Acid-Test Ratio 0 to 1 Complete this question by entering your answers in the tabs below. Req 1 and 2 Reg 3 Reg 4 Reg 5 Reg 6 Req 7 Req 8 Reg 9 Req 10 Reg 11 Compute the days' sales uncollected. (3) Choose Numerator: Days' Sales Uncollected 1 Choose Denominator: Days 1 = Days Sales Uncollected = Days sales uncollected 0 days II Complete this question by entering your answers in the tabs below. Req 1 and 2 Reg 3 Reg 4 Reg 5 Reg 5 Req 7 Req 8 Reg 9 Req 10 Req 11 Compute the inventory turnover. (4) Inventory Turnover 1 Choose Denominator: Choose Numerator: II Inventory Turnover Inventory turnover 0 times 11 Req 1 and 2 Req 3 Reg 4 Req 5 Reg 6 Req 7 Reg 8 Reg 9 Req 10 Reg 11 Compute the days' sales in inventory. (5) Days' Sales in Inventory. 1 Choose Denominator: Choose Numerator: Days 11 Days' Sales in Inventory Days' sales in inventory 0 days II