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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, $259,400; common stock, $87,000; and retained earnings, $38,213.)

CABOT CORPORATION
Balance Sheet
December 31 of current year
Assets Liabilities and Equity
Cash $ 16,000 Accounts payable $ 18,500
Short-term investments 8,400 Accrued wages payable 4,400
Accounts receivable, net 33,200 Income taxes payable 4,600
Merchandise inventory 40,150 Long-term note payable, secured by mortgage on plant assets 71,400
Prepaid expenses 3,100 Common stock 87,000
Plant assets, net 151,300 Retained earnings 66,250
Total assets $ 252,150 Total liabilities and equity $ 252,150
CABOT CORPORATION
Income Statement
For Current Year Ended December 31
Sales $ 448,600
Cost of goods sold 297,850
Gross profit 150,750
Operating expenses 99,500
Interest expense 4,300
Income before taxes 46,950
Income tax expense 18,913
Net income $ 28,037

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.

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