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Only complete requirements 8-11 please. Selected year-end financial statements of Cabot Corporation follow. (All sales were on credit: selected balance sheet amounts at December 31,

Only complete requirements 8-11 please. image text in transcribed
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Selected year-end financial statements of Cabot Corporation follow. (All sales were on credit: selected balance sheet amounts at December 31, 2016, were inventory. $51.900: total assets, $169,400; common stock. $81.000; and retained earnings. $44.240.) CABOT CORPORATION Income Statement For Year Ended December 31, 2017 Sales $ 450.600 Cost of toods sold 298,350 Gross profit 152,250 Operating expenses 99,000 Interest expense 4.000 Income before taxes 49,250 Income taxes 19,840 Net income 29.410 CABOT CORPORATION Balance Sheet December 31, 2017 Liabilities and Equity Accounts payable Accrued wages payable $ 12,00 8,200 16,500 4,600 33,200 Income taxes payable 4,300 Assets Cash Short-tere investments Accounts receivable, net Notes receivable (trade). Merchandise inventory Prepaid expenses plant assets, net Total assets 71.400 7.000 49, 150 Long-term note payable, secured by mortgage on plant assets 2,600 Common stock 148,300 Retained earnings $ 251,450 Total liabilities and equity 81,000 72.650 251, 450 Requr 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) 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.) Complete this question by entering your answers in the tabs below. Req 1 and 2 Req3 Reg 4 Reg 5 Reg 6 Reg 7 Reg 6 Req9 Reg 10 Reg 11 Compute the profit margin ratio Choose Numerator Profit Margin Ratio Choose Denominator: 7 1 Profit margin ratio = Profit margin ratio = 0 % 2017:

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