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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, $209,400; common stock, $85,000; and retained earnings, $42,216.)

CABOT CORPORATION Income Statement For Current Year Ended December 31
Sales $ 448,600
Cost of goods sold 296,950
Gross profit 151,650
Operating expenses 98,800
Interest expense 4,900
Income before taxes 47,950
Income tax expense 19,316
Net income $ 28,634

CABOT CORPORATION Balance Sheet December 31
Assets Liabilities and Equity
Cash $ 20,000 Accounts payable $ 19,500
Short-term investments 8,400 Accrued wages payable 4,600
Accounts receivable, net 28,800 Income taxes payable 4,200
Merchandise inventory 40,150 Long-term note payable, secured by mortgage on plant assets 67,400
Prepaid expenses 2,900 Common stock 85,000
Plant assets, net 151,300 Retained earnings 70,850
Total assets $ 251,550 Total liabilities and equity $ 251,550

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 common stockholders' equity. (Do not round intermediate calculations.)

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Compute the return on total assets. (10) Return on Total Assets Choose Numerator: 1 Choose Denominator: Return on Total Assets 1 = Return on total assets / = % Compute the return on common stockholders' equity. (11) Return on Common Stockholders' Equity / Choose Denominator Choose Numerator: - Return On Common Stockholders' Equity Return on common stockholders' equity 7 = 1 = %

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