Question: Required: Compute the following: ( 1 ) current ratio, ( 2 ) acid - test ratio, ( 3 ) days' sales uncollected, ( 4 )

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.
\table[[Req 1 and 2,Req 3,Req 4,Req 5,Req 6,Req 7,Req 8,Req 9,Req 10,Req 11]]
Compute the return on equity.
\table[[(11),Return on Equity],[Numerator:,,1,Denominator,=,Return On Equity],[,Net income,,1,Average total equity,=,Return On Equity],[,$,29,052,1,,=,\table[[0,%
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, $189,400; common stock, $90,000; and retained earnings, $33,748.
\table[[,,\table[[CABOT CORPORATION],[Balance Sheet],[December 31 of current year]],],[Assets,,Liabilities and Equity,],[Cash,$10,000,Accounts payable,$17,500

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