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elected 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

elected 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, $53,900; total assets, $179,400; common stock, $81,000; and retained earnings, $46,202.)

CABOT CORPORATION
Balance Sheet
December 31 of current year
Assets Liabilities and Equity
Cash $ 16,000 Accounts payable $ 17,500
Short-term investments 9,200 Accrued wages payable 3,000
Accounts receivable, net 32,600 Income taxes payable 3,700
Merchandise inventory 36,150 Long-term note payable, secured by mortgage on plant assets 62,400
Prepaid expenses 2,500 Common stock 81,000
Plant assets, net 147,300 Retained earnings 76,150
Total assets $ 243,750 Total liabilities and equity $ 243,750

CABOT CORPORATION
Income Statement
For Current Year Ended December 31
Sales $ 450,600
Cost of goods sold 297,750
Gross profit 152,850
Operating expenses 98,700
Interest expense 4,000
Income before taxes 50,150
Income tax expense 20,202
Net income $ 29,948

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. (Do not round intermediate calculations.)

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