Sekeded year-end financial statements of Cubot Corporation folow (All sales were on credit, selected balance sheet amounts at December 31, 2016, were inventory. $49.900: total assets, $239,400, common stock, $82,000 and retained earning, 557,946) CABOT CORPORATION Thcone Statement For Year Ended December 31, 2017 Sales $452,600 Cost of goods sold 297,750 Gross profit 154,850 Operating expenses 99, 100 Interest expense 4,500 Incone before taxes 51,250 Income taxes 20,646 Net income $ 30,614 CABOT CORPORATION Balance Sheet December 31, 2017 Liabilities and Equity $ 16,000 Accounts payable 8,480 Accrued wages payable $ 18, see 3,680 29,200 Income taxes payable 3.ee Assets Cash Short-term investments Accounts receivable, net Notes receivable (trade) Merchandise inventory Prepaid expenses Plant assets, net Total assets 62,400 8,080 40,150 Long-term note payable, secured by mortgage on plant assets 3,680 Common stock 153,3ee Retained earnings $258,05Total liabilities and equity 82,000 88,55 $258,050 These are short-term notes receivable arising from customer (trade) sales Required: Compute the following: (t) current ratio. (2) acid-test ratio. (3) days' sales uncollected. (4) inventory turnover. (5) days' sales in inventory 16) debt-to-equity ratio. i) times interest earned, (B) profit margin ratio, 19) total asset turnover (10) return on total assets, and (1) return on common stockholders' equity. (Do not round Intermediate calculations.) Prev 1 of 4 Next >