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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

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, $50,900; total assets, $219,400; common stock, $88,000; and retained earnings, $40,065.)

CABOT CORPORATION
Balance Sheet
December 31 of current year
Assets Liabilities and Equity
Cash $ 22,000 Accounts payable $ 18,500
Short-term investments 8,200 Accrued wages payable 4,800
Accounts receivable, net 31,200 Income taxes payable 4,400
Merchandise inventory 36,150 Long-term note payable, secured by mortgage on plant assets 67,400
Prepaid expenses 2,650 Common stock 88,000
Plant assets, net 151,300 Retained earnings 68,400
Total assets $ 251,500 Total liabilities and equity $ 251,500

CABOT CORPORATION
Income Statement
For Current Year Ended December 31
Sales $ 447,600
Cost of goods sold 296,950
Gross profit 150,650
Operating expenses 99,300
Interest expense 3,900
Income before taxes 47,450
Income tax expense 19,115
Net income $ 28,335

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 equity. (Do not round intermediate calculations.)

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