What is the current ratio and the acid-test ratio?

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, $48,900; total assets, $189,400; common stock, $90,000; and retained earnings. $33,748. Problem 17-4A Calculating financial statement ratios P3 CABOT CORPORATION Balance Sheet December 31 of Current Year CABOT CORPORATION Income Statement For Current Year Ended December 31 Assets Cash... Short-term investments. Accounts receivable, net. Merchandise inventory... Prepaid expenses....... Plant assets, net $ 17,500 3,200 3,300 $ 10,000 8.400 33.700 32,150 2,650 153,300 Liabilities and Equity Accounts payable.... Accrued wages payable. Income taxes payable Long-term note payable, secured by mortgage on plant assets.. Common stock Retained earnings Total liabilities and equity Sales. Cost of goods sold Gross profit... Operating expenses..... Interest expense. Income before taxes..... Income tax expense..... Net income $448,600 297.250 151,350 98,600 4,100 48,650 19.598 $ 29,052 63,400 90,000 62,800 $240,200 Total assets. $240,200 Required Compute the following: (1) current ratio, (2) acid-test ratio, (3) days' sales uncollected, (4) inventory Check Acid-test ratio, 2.2 to turnover, (5) days' sales in inventory, (6) debt-to-equity ratio, (7) times interest earned, (8) profit margin 1: Inventory turnover, 7.3 ratio, (9) total asset turnover, (10) return on total assets, and (11) return on common stockholders' equity. Round to one decimal place; for part 6, round to two decimals