Problem 13-4A (Algo) Calculating financial statement ratios LO P3 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. $219,400; common stock, $90,000; and retained earnings. $39,398) Assets Cash Short-term investments Accounts receivable, net i Merchandise Inventory Prepaid expenses Plant assets, net Total assets Sales Cost of goods sold Gross profit CABOT CORPORATION Incone Statement For Current Year Ended December 31 Operating expenses Interest expense Incose before taxes Income tax expense Net Income $ 22,000 8,400 34,000 Required: 40,150 2,650 149, 300 $ 256,500 $453,600 297,950 155,650 98,800 4,600 $2,250 21,048 $ 31,202 CABOT CORPORATION Balance Sheet December 31 of current year Liabilities and Equity Accounts payable Accrued wages payable Income taxes payable Long-term note payable, secured by mortgage on plant assets Common stock Retained earnings Total liabilities and equity $ 18,500 4,200 3,800 69,400 90,000 70,600 $ 256,500 - 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.) Complete this question by entering your answers in the tabs below.