Problem $13-4$A $($Algo$)$ Calculating financial statement ratios LO P$3$

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, $$53,900$; total assets, $$229,400$; common stock, $$80,000$; and retained earnings,

$$41,711.$

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 equity.

Note: Do not round intermediate calculations.

Complete this question by entering your answers in the tabs below.

Req $1$ and $2$

Req $5$

Req $6$

Req $7$

Req$8$

Req $9$

Req $10$

Req $11$

Compute the current ratio and acid$-$test ratio.