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Below are selected year-end financial statements from the Cabot Corporation. (All sales were on credit; selected balance sheet amounts as of December 31, 2012 were

Below are selected year-end financial statements from the Cabot Corporation. (All sales were on credit; selected balance sheet amounts as of December 31, 2012 were inventory, $52,900; total assets, $179,400; common stock, $100,000; and retained earnings, $52,748.)


CABOT CORPORATION
Income statement
For the year ended December 31, 2013
Salesps455,600
cost of goods sold
297,450



Gross profit
158,150
operating expenses
99,500
Interest expenses
4,900



income before taxes
53,750
Income taxes
21,653



Net Incomeps32,097





CABOT CORPORATION
Balance Sheet
December 31, 2013
Assets


Commitments and equity

Moneyps14,000
Accounts payableps25,500
Short-term investments
9,400
Accrued wages payable
3.800
Accounts receivable, net
33,200
Income taxes payable
4,100
Documents to be collected (trade)*
6,500
Long-term note payable, guaranteed

Merchandise inventory
36,150
by mortgage on plant assets
62,400
Prepaid expenses
2,750
Common actions
100,000
Plant assets, net
150,300
Retained earnings
56,500







total assetsps252,300
Total liabilities and equityps252,300








* These are short-term notes receivable derived from customer (commercial) sales.


Required:

Calculate the following: 

(1) current ratio, 

(2) acid test ratio, 

(3) days of uncollected sales,

 (4) inventory turnover,

 (5) days of sales in inventory, 

(6) debt to capital, 

(7) times interest earned, 

(8) profit margin ratio, 

(9) total asset turnover, 

(10) return on total assets, and

 (11) return on common stock.

 (Use all 365 days of the year.)

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