Assignment 15. Chapter 17 Check my work mode: This shows what is correct or incorrect for the work you have completed so far. It does not indicate com 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, $56,900; total assets, $169,400; common stock, $85,000; and retained earnings, $38,587.) points CABOT CORPORATION Income Statement Tor Current Year Ended December 31 Sales $ 651,600 Cost of goods sold 297,150 Gross profit 156, 450 Operating expenses 98.600 Interest expense 6.000 Income before taxe 51.850 Income tax expense 20,887 $ 30,963 $ $ Cash Short-term investments Recounts receivable, et Merchandise inventory CABOT CORPORATION Balance sheet December 31 Liabilities and Equity 20.000 counts payable 3.400 Acered wages payable 34.000 Income taxes payable 32,156 Long-term note payable, secured by mortgage on plant assets 2.800 Coon stock 149.300 retained earnings 25.650 Total Tibilities and equity 17.500 1.000 3.200 68,400 Prepaid expenses Plantsota, bet 85.000 69.550 $ 246.650 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, (5) profit margin ratio (9) total asset tumovec (10) return on total assets, and return on common stockholders' equity. Do not round Intermediate calculations.) Answer is not complete