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, $$52,900$; total assets, $$209,400$; common stock, $$87,000$; and retained earnings,

$$20,901.$

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. Compute the current ratio and acid$-$test ratio. Compute the days' sales uncollected. Complete this question by entering your answers in the tabs below.Compute the days' sales in inventory.