Need all 11 required, please and thank you ! very important **Selected Current Year-End Financial Statements of Cabot Corporation**The following is an overview of Cabot Corporation's financial statements for the current year ending December 31. All sales were made on credit.### Balance Sheet**Cabot Corporation** *Balance Sheet* *December 31 of current year*| **Assets** | **Liabilities and Equity** ||-------------------------------|---------------------------------------------------------------|| Cash | $8,000 | Accounts payable | $17,500 || Short-term investments | $8,800 | Accrued wages payable | $3,400 || Accounts receivable, net | $31,200 | Income taxes payable | $4,400 || Merchandise inventory | $32,150 | Long-term note payable, secured by mortgage on plant assets | $65,400 || Prepaid expenses | $3,100 | Common stock | $87,000 || Plant assets, net | $152,300 | Retained earnings | $57,850 || **Total assets** | **$235,550** | **Total liabilities and equity** | **$235,550** |### Income Statement**Cabot Corporation** *Income Statement* *For Current Year Ended December 31*| **Description** | **Amount** ||-------------------------|-------------|| Sales | $455,600 || Cost of goods sold | $297,050 || Gross profit | $158,550 || Operating expenses | $99,000 || Interest expense | $4,900 || Income before taxes | $54,650 || Income tax expense | $22,015 || **Net income** | **$32,635** |### Additional Context- **Prior Year Information**: As of December 31 of the previous year, selected balance sheet figures included: - **Inventory**: $48,900 - **Total assets**: $229,400 - **Common stock**: $87,000 - **Retained earnings**: $25,215These financial statements provide a snapshot of Cabot Corporation's financial health, reflecting asset management, liabilities, equity, and profitability for the specified period. **Educational Website Content: Financial Ratio Analysis****Required:**Compute the following:1. Current ratio2. Acid-test ratio3. Days' sales uncollected4. Inventory turnover5. Days' sales in inventory6. Debt-to-equity ratio7. Times interest earned8. Profit margin ratio9. Total asset turnover10. Return on total assets11. Return on equity**Note:** Do not round intermediate calculations.---**Instructions:**Complete these calculations by entering your answers in the tabs below.Tabs available: Req 1 and 2, Req 3, Req 4, Req 5, Req 6, Req 7, Req 8, Req 9, Req 10, Req 11---### Compute the Current Ratio and Acid-Test Ratio**(1) Current Ratio**- **Numerator:** - Current Assets / Current Liabilities- **Denominator:** - Equals the Current Ratio - The result will be formatted as "Current Ratio = X to 1"---**(2) Acid-Test Ratio**- **Numerator:** - (Current Assets - Inventory) / Current Liabilities- **Denominator:** - Equals the Acid-Test Ratio - The result will be formatted as "Acid-Test Ratio = X to 1"---Use the navigation buttons to move between calculation tabs: [Req 1 and 2] [Req 3]**Explanation:**This section provides a structured method for calculating both the current and acid-test ratios, which are key measures of a company's liquidity. These ratios can help assess a company's ability to meet its short-term obligations.

Calculating a company's financial position or productivity in comparison to that of other businesses…

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, $229,400; common stock, $87,000; and retained earnings, $25,215.) Assets Cash Short-term investments. Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets CABOT CORPORATION Income Statement. Cost of goods sold Gross profit $ 8,000 8,800 For Current Year Ended December 31 Sales. $ 455,600 297,050 Operating expenses. Interest expense Income before taxes Income tax expense Net income CABOT CORPORATION Balance Sheet December 31 of current year Liabilities and Equity 31,200 Income taxes payable 32,150 Long-term note payable, secured by mortgage on plant assets 3,100 Common stock 152,300 Retained earnings $ 235,550 Total liabilities and equity 158,550 99,000 4,900 54,650 22,015 $ 32,635 Accounts payable Accrued wages payable $ 17,500 3,400 4,400 65,400 87,000 57,850 $ 235,550