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help please read 140 Selected current year-end financial statements of Cabot Corporation follow. (All sales were on credit, selected balance sheet amounts at December 31

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140 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 $53,900; total assets, $259,400; common stock, $85,000; and retained earnings, $26,086) CANOT CORPORATION Balance Sheet December of current year Assets Liabilities and Equity Cash 5 10,000 Accounts payable $ 19,500 Short-term investments , 600 Accrued wages payable 5,000 Accounts receivable, het 30,000 Income taxes payable 4.500 Merchandise inventory 36,150 Long term note payable, secured by mortgage on plant assets 69, 400 Prepaid expenses 2,900 Common stock 35,000 Plant assets, net 152,300 Retained earnings 56, 750 Total assets $ 240,150 Total liabilities and equity $ 240,150 CANT CORPORATION Income Statement For Current Year Ended December 11 Sales $452,600 Cost of goods sold 296,850 Gross profit 154, 750 Operating expenses 90,300 Interest expense 4,100 Income before taxes 51.350 Income tax expense 20,686 Net incon 5 30,664 Required: Compute the following: (1) current ratio, (2) acid-test ratio, (a) days sales uncollected. (4) inventory turnover (5) days' sales in inventory (6) debt-to-equity ratio) 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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