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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, $54,900; total assets, $249,400; common stock, $85,000; and retained earnings, $28,783.)

CABOT CORPORATION
Balance Sheet
December 31 of current year
Assets Liabilities and Equity
Cash $ 8,000 Accounts payable $ 17,500
Short-term investments 9,200 Accrued wages payable 4,600
Accounts receivable, net 30,800 Income taxes payable 3,700
Merchandise inventory 32,150 Long-term note payable, secured by mortgage on plant assets 65,400
Prepaid expenses 2,750 Common stock 85,000
Plant assets, net 154,300 Retained earnings 61,000
Total assets $ 237,200 Total liabilities and equity $ 237,200

CABOT CORPORATION
Income Statement
For Current Year Ended December 31
Sales $ 455,600
Cost of goods sold 297,950
Gross profit 157,650
Operating expenses 98,900
Interest expense 4,800
Income before taxes 53,950
Income tax expense 21,733
Net income $ 32,217

Compute the following: (1) current ratio, (2) acid-test ratio, (3) days' sales uncollected, (4) inventory turnover, (9) total asset turnover, (10) return on total assets, and (11) return on equity. (Do not round intermediate calculations.)

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