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,$$55,900$; total assets,$$249,400$; common stock,$$88,000$; and retained earnings,$$29,955.)$ CABOT CORPORATION Income Statement For Current Year Ended December $31$ Sales Cost of goods sold Gross profit Operating expenses Interest expense Income before taxes Income tax expense Net income 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. $($Do not round intermediate calculations.