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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

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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, $52,900, total assets, $239,400, common stock, $84,000, and retained earnings, $47.975) Assets Cash Short-term investments Accounts receivable, net Merchandise Inventory Prepaid expenses Plant assets, net Total assets CABBY COMPUTATION Incine Statement For Current Year Ended December Sales Cost of goods sold Gross profit Operating expenses Interest expense Income before taxes Income tax expense Net income Required: Liabilities and Equity $ 18,000 Accounts payable. $16,500 9,400 Accrued wages payable 3,400 32.000 Income taxes payable 3,700 36,150 Long-term note payable, secured by mortgage on plant assets 2,550 Comein stock 63,100 $4,000 151,300 Retained earnings 78,400 $ 249,400 Total liabilities and equity $249,400 $ 452,600 297,350 155,250 99,400 4,900 50,950 20,525 $ 30,425 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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