Selected yearend financial statements of Cabot Corporation follow, all sales were on credit selected balance sheet amounts at December 31, 2012 were inventory; $52,900; total assets; 229,00; common stock 105,000 and retains earning 52, 548. Cabot Corporation Income Statement For Year Ended December 31, 2013. Sales 452,600 Coat of goods sold 296,950; Gross profit 155.650; Operating expenses 99,000; Interest expenses 3800: Income before taxes 52,850; Income taxes 21290: Net income 31,500. Cabot Corporation Balance Sheet December 31, 2013. Assets Cash 14,000; Short term 9600;Accounts receivable, net 31600; Notes receivable trade 3000; Merchandise inventory 36150; Prepaid expenses 2850; Plant assets net 153,300; Total assets 250,500; Liabilitites and Equity Accounts payable 23500; Accrued wages payable 4000; Income taxes payable 3100; Long term note payable secured by mortgage on plant assets 68400; Common Stock 105000; Retained earnings 46500; Total liabilties and equity 250,500 * These are short term notes receivable arising from customer trade sales. Required Compute the following; 1 current ratio 2. acid test ratio 3. days sales uncollected 4. Inventory turnover 5. days sales in inventory 6. debit to equity ratio 7. time interest earned 8. profit margin ratio 9. total asset turnover 10. return on total assets 11. return on common stockholders’ equity. use 365 days a year. do not round in yermediate calculation