13: Assessment Saved 1 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, $199,400, common stock, $85,000, and retained earnings. $44,439) CABOT CORPORATION Balance Sheet 833 Cints 001057 Assets Cash Short-term investments Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets December 31 of current year Liabilities and Equity $ 20,000 Accounts payable $15,500 8,800 Accrued wages payable 3,000 29,000 Income taxes payable 2,000 38,150 Long-term note payable, secured by mortgage on plant assets 3,150 Common stock 71,400 45,000 154,100 Retained earnings 25,200 $254,200 Total liabilities and equity $254,200 CABOT CORPORATION Income Statement For Current Year Ended December 1 $ 453,600 Sales Cost of goods sold Grass profit Operating expens Interest expen Income before taxes 297,250 156,350 99,400 ,000 Income tax expense Set Lecome Required: 12,2 21,00 5:31,361 Compute the following it cument ratio (2) acid-test ratio. ) days sales uncollected, (4) inventory turnover (53 days' sales in inventory 16 debt-to-equity ratio, (7) times interest esmed (B) profit margin ratio, (9) total asset turnover (10) retum on totar assets and () retur on equity (Do not round intermediate calculations.) Complete this question by entering your answers in the tabs below. Help Save & Exit