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elected year-end financial statements of Cabot Corporation follow. (All sales were on credit; selected balance sheet amounts at December 31, 2017, were inventory, $53,900; total

elected year-end financial statements of Cabot Corporation follow. (All sales were on credit; selected balance sheet amounts at December 31, 2017, were inventory, $53,900; total assets, $219,400; common stock, $85,000; and retained earnings, $45,827.)

CABOT CORPORATION Income Statement For Year Ended December 31, 2018
Sales $ 449,600
Cost of goods sold 298,350
Gross profit 151,250
Operating expenses 98,700
Interest expense 4,200
Income before taxes 48,350
Income tax expense 19,477
Net income $ 28,873

CABOT CORPORATION Balance Sheet December 31, 2018
Assets Liabilities and Equity
Cash $ 14,000 Accounts payable $ 18,500
Short-term investments 9,200 Accrued wages payable 3,200
Accounts receivable, net 33,000 Income taxes payable 3,500
Merchandise inventory 40,150 Long-term note payable, secured by mortgage on plant assets 63,400
Prepaid expenses 2,650 Common stock 85,000
Plant assets, net 149,300 Retained earnings 74,700
Total assets $ 248,300 Total liabilities and equity $ 248,300

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 common stockholders' equity. (Do not round intermediate calculations.)

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