Selected current year-end financial selected balance sheet amounts at D $189,400; common stock. $90,000; and retained earning went year-end financial statements of Cabot Corporation follow. All sales were on credit: were inventory. $48,900; total assets, ance sheet amounts at December 31 of the prior year were inventory. 148,900; total assets. Proble Cale Calculating financial statement ratios retained earnings, $33,748. CABOT CORPORATION Income Statement For Current Year Ended December 31 $ 17,500 3.200 Assets Cash.................. Short-term investments .. Accounts receivable, net. Merchandise inventory... Prepaid expenses....... Plant assets, net........ CABOT CORPORATION Balance Sheet December 31 of Current Year Liabilities and Equity $ 10.000 Accounts payable................. 8,400 Accrued wages payable............ 33,700 Income taxes payable .... . 32,150 Long-term note payable, secured 2,650 by mortgage on plant assets...... 153,300 Common stock ... Retained earnings ... . $240,200 Total liabilities and equity .......... 3,300 63.400 90,000 62,800 $240,200 Sales Cost of goods sold ...... Gross profit............ Operating expenses..... Interest expense........ Income before taxes..... Income tax expense..... Net income ............ $448,600 297,250 151,350 98,600 4,100 48,650 19,598 $ 29,052 Total assets ............ 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 common stockholders' equity. Round to one decimal place; for part 6, round to two decimals. Check Acid-test ratio, 2.2 to 1: Inventory turnover, 7.3