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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, $249,400; common stock, $89,000; and retained earnings, $35,326.)

CABOT CORPORATION
Balance Sheet
December 31 of current year
Assets Liabilities and Equity
Cash $ 12,000 Accounts payable $ 16,500
Short-term investments 8,200 Accrued wages payable 3,000
Accounts receivable, net 31,800 Income taxes payable 3,600
Merchandise inventory 38,150 Long-term note payable, secured by mortgage on plant assets 65,400
Prepaid expenses 3,100 Common stock 89,000
Plant assets, net 150,300 Retained earnings 66,050
Total assets $ 243,550 Total liabilities and equity $ 243,550

CABOT CORPORATION
Income Statement
For Current Year Ended December 31
Sales $ 451,600
Cost of goods sold 297,250
Gross profit 154,350
Operating expenses 99,000
Interest expense 3,900
Income before taxes 51,450
Income tax expense 20,726
Net income $ 30,724

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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