CABOT CORPORATION Income Statement For Current Year Ended December 31 Sales $ 455,600 Cost of goods sold 297,150 Gross profit 158,450 Operating expenses 99,600 Interest expense 4,200 Income before taxes 54,650 Income tax expense 22,015 Net income 32,635 $ Assets Cash Short-term investments Accounts receivable, net Merchandise inventory CABOT CORPORATION Balance Sheet December 31 Liabilities and Equity $ 20,000 Accounts payable 9,200 Accrued wages payable 28,800 Income taxes payable 34,150 Long-term note payable, secured by mortgage on plant assets 3,000 Common stock 153,300 Retained earnings $ 248,450 Total liabilities and equity 15,500 4,800 4,500 65,400 Prepaid expenses Plant assets, net Total assets 86,000 72,250 $ 248,450 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 Numerator: 1 Choose Denominator: Current Ratio / Current ratio / to 1 (2) Acid-Test Ratio Choose Numerator: I Choose Denominator: - Acid-Test Ratio 1 Acid-Test Ratio 1 to 1 Required: Compute the following: (1) current ratio, (2) acid-test ratio, (3) days' sales uncollected, (4) inventory turnover, (5) days' sales in i (6) debt-to-equity ratio, (7) times interest earned, (8) profit margin ratio, (9) total asset turnover, (10) return on total assets, and 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 Req9 Reg 10 Req 11 Compute the days' sales uncollected. (3) Days' Sales Uncollected Choose Denominator: Days Choose Numerator: 1 = Days Sales Uncollected 1 X Days sales uncollected 1 days