Problem 17-4A Calculation of financial statement ratios LOP3 22 httpztowheck Selected year end financial statements or Cabot Corporation follow. (All sales were on credit selected balance sheet amounts at December 31, 2012, were inventory, $48.900; total assets. S189,400, common stock, 590,000, and retained earnings, $22,748) CABOT CORPORATION Income Statement For Year Ended December 31, 2013 Sales 448,600 Cost of 297.250 goods sold Cross 151,350 profit 98,600 Operating expenses Interest expense 4.100 48,650 Income before taxes Income taxes 19.598 Net income 29,052 CABOT CORPORATION Balance Sheet December 31, 2013 Liabilities and Equity Assets Cash 10.000 Accounts 17,500 Short-term investments 3,200 Accounts receivable, net 3,300 Notes receivable (trade) payable Accrued 8.400 wages payable Income 29,200 taxes payable Long-term note payable, 4,500 secured by 32.150 mortgage on plant assets 2,650 Common stock Retained 153,300 earnings Merchandise inventory 63,400 Prepaid expenses 90,000 Plant assets, net 62,800 Total assets Total 240,200 liabilities and equity $ 240,200 * 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. (Use 365 days a year. Do not round intermediate calculations.)