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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, $55,900; total assets, $239,400; common stock, $83,000; and retained earnings, $51,406.) CABOT CORPORATION Income Statement For Current Year Ended December 31 Sales $ 450, 600 Cost of goods sold 298,450 Gross profit 152, 150 Operating expenses 99,200 Interest expense 4,900 Income before taxes 48,050 Income tax expense 19,356 Net income $ 28,694 $ Assets Cash Short-term investments Accounts receivable, net Merchandise inventory CABOT CORPORATION Balance Sheet December 31 Liabilities and Equity S 20,000 Accounts payable 8,800 Accrued wages payable 33,400 Income taxes payable 34,150 Long-term note payable, secured by mortgage on plant assets 2,850 Common stock 154,300 Retained earnings $ 253,500 Total liabilities and equity 17,500 3,600 2,900 66,400 Prepaid expenses Plant assets, net Total assets 83,000 80,100 $ 253,500 X Answer is not complete. Complete this question by entering your answers in the tabs below. Req 1 and 2 Req3 Req 4 Req 5 Req 6 Req 7 Req 8 Reg 9 Req 10 Req 11 Compute the total asset turnover. (9) Total Asset Turnover Choose Numerator: / Choose Denominator: Total Asset Turnover Net sales Average total assets = Total asset turnover $ 450,600 $ 154,700 X = 2.9 times X Answer is not complete. Complete this question by entering your answers in the tabs below. Req 1 and 2 Reg 3 Reg 4 Req 5 Reg 6 Req 7 Req 8 Req 9 Req 10 Req 11 Compute the return on total assets. (10) Return on Total Assets Choose Numerator: Choose Denominator: Return on Total Assets Return on total assets Net income Average total assets / 1 $ 28,694 0 % Complete this question by entering your answers in the tabs below. Req 1 and 2 Reg 3 Req 4 Reg 5 Req 6 Req 7 Req 8 Req 9 Req 10 Req 11 Compute the return on common stockholders' equity. (11) Return on Common Stockholders' Equity Choose Numerator: Choose Denominator Return On Common Stockholders' Equity Return on common stockholders' equity II 1 II 0 %