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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, $47,900; total assets, $249,400; common stock, $84,000; and retained earnings, $25,160.)

CABOT CORPORATION
Balance Sheet
December 31 of current year
Assets Liabilities and Equity
Cash $ 8,000 Accounts payable $ 18,500
Short-term investments 8,800 Accrued wages payable 4,000
Accounts receivable, net 28,800 Income taxes payable 3,200
Merchandise inventory 34,150 Long-term note payable, secured by mortgage on plant assets 66,400
Prepaid expenses 2,650 Common stock 84,000
Plant assets, net 150,300 Retained earnings 56,600
Total assets $ 232,700 Total liabilities and equity $ 232,700

CABOT CORPORATION
Income Statement
For Current Year Ended December 31
Sales $ 453,600
Cost of goods sold 297,550
Gross profit 156,050
Operating expenses 99,400
Interest expense 4,000
Income before taxes 52,650
Income tax expense 21,210
Net income $ 31,440

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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