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, $$55,900$; total assets, $$189,400$; common stock, $$90,000$; and retained earnings, $$29,743.$

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 $3$

Req $4$

Req $5$

Req $6$

Rea $7$

Req $8$

Req $9$

Req $10$

Req $11$

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

$\backslash$table$[[(1),$Current Ratio$],[$Numerator:$,1,$Denominator:,$=,$Current Ratio$],[,,1,,=,$Current ratio$],[,,1,,=,$to $1],[(2),$Acid$-$Test Ratio$],[$Numerator:$,1,$Denominator:,$=,$Acid$-$Test Ratio$],[,1,,=,$Acid$-$Test Ratio$],[,1,,=,$to $1]]$