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I just need steps 3- 11. Please label the work Selected year-end financial statements of Cabot Corporation follow. (All sales were on credit, selected balance
I just need steps 3- 11. Please label the work
Selected year-end financial statements of Cabot Corporation follow. (All sales were on credit, selected balance sheet amounts at December 31, 2016, were inventory, $56,900; total assets, $229,400; common stock, $88,000; and retained earnings, $41,822.) CABOT CORPORATION Income Statement For Year Ended December 31, 2017 Sales Cost of goods sold Gross profit Operating expenses nterest expense Income before taxes Income taxes Net income 455,600 297,950 157,650 99,400 4,700 53,550 21,572 $ 31,978 CABOT CORPORATION Balance Sheet December 31, 2017 Liabilities and Equity Assets Cash Short-term investments Accounts receivable, net Notes receivable (trade)* Merchandise inventory 22,000 Accounts payable 29,600 Income taxes payable 34,150 Long-term note payable, secured by $ 16,500 3,600 3,300 8,800 Accrued wages payable 6,000 68,400 mortgage on plant assets Prepaid expenses Plant assets, net Total assets 2,750 Common stock 150,300 Retained earnings 88,000 73,800 253,600 253,600 Total liabilities and equity *These are short-term notes receivable arising from customer (trade) sales 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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