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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, $$52,900$; total assets, $$259,400$; common stock, $$83,000$; and retained earnings, $$52,923.)$

CABOT CORPORATION

Balance Sheet

December $31$ of current year

Assets Liabilities and Equity

Cash $ $14,000$ Accounts payable $ $15,500$

Short$-$term investments $9,600$ Accrued wages payable $3,000$

Accounts receivable, net $32,600$ Income taxes payable $3,800$

Merchandise inventory $40,150$ Long$-$term note payable, secured by mortgage on plant assets $63,400$

Prepaid expenses $2,950$ Common stock $83,000$

Plant assets, net $150,300$ Retained earnings $80,900$

Total assets $ $249,600$ Total liabilities and equity $ $249,600$

CABOT CORPORATION

Income Statement

For Current Year Ended December $31$

Sales $ $448,600$

Cost of goods sold $297,950$

Gross profit $150,650$

Operating expenses $99,200$

Interest expense $4,600$

Income before taxes $46,850$

Income tax expense $18,873$

Net income $ $27,977$

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.

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