Problem 13-4A Calculation of financial statement ratios LO P3 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, $87000; and retained Income Stat 31, 2017 ok 448,600 297,150 151,450 99,300 4.200 47,950 19,316 Operating expenses Income before taxes ts payable s 17,500 4,600 3,700 Cash s 16,000 net 33,000 Income taxes payable Notes receiv 5,000 32, 150 Long-term note payable, secured by64,400 2,550 Conmon stock 87,000 67,800 Plant assets, s 245,000 Total 1iabilities and equity 245,000 These are short-term notes receivable arising from customer (trade) sales Compute the following: (1) current ratio, (2) acid-test ratio. (3) days' sales uncollected, (4) inventory turnover, (5) days' sales in inventory E debt to equity ratio,times interest earned. (8) profit margin ratio. (9, total asset turnover, no return on total assets. and m) retum c p