Problem $17-4$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, $$48,900$; total assets, $$259,400$; common stock, $$86,000$; and retained earnings, $$37,673.)$

CABOT CORPORATIONBalance SheetDecember $31$ of current yearAssets$$Liabilities and Equity$$Cash$ $16,000$Accounts payable$ $18,500$Short$-$term investments$8,200$Accrued wages payable$4,000$Accounts receivable, net$33,600$Income taxes payable$3,400$Merchandise inventory$36,150$Long$-$term note payable, secured by mortgage on plant assets$71,400$Prepaid expenses$2,850$Common stock$86,000$Plant assets, net$154,300$Retained earnings$67,800$Total assets$ $251,100$Total liabilities and equity$ $251,100$

CABOT CORPORATIONIncome StatementFor Current Year Ended December $31$Sales$ $451,600$Cost of goods sold$297,650$Gross profit$153,950$Operating expenses$98,900$Interest expense$4,600$Income before taxes$50,450$Income tax expense$20,323$Net income$ $30,127$

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.