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Selected year 1, year-end financial statements of Cabot Corporation follow. (All sales were on credit; selected balance sheet amounts at December 31 of the prior

Selected year 1, 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, $49,900; total assets, $249,400; common stock, $89,000; and retained earnings, $35,266.).

CABOT CORPORATION Balance Sheet December 31
Assets Liabilities and Equity
Cash & Cash equivalent $ 12,000 Accounts payable $ 18,500
Short-term investments 9,000 Salaries and Wages payable 3,400
Accounts receivable, net 33,200 Income taxes payable 4,000
Merchandise inventory 36,150 Long-term note payable, secured by mortgage on plant assets 66,400
Prepaid expenses 2,700 Common stock, no-par value 89,000
Plant assets, net 154,300 Retained earnings 66,050
Total assets $ 247,350 Total liabilities and equity $ 247,350

CABOT CORPORATION Income Statement For Current Year Ended December 31
Sales $ 452,600
Cost of goods sold 297,750
Gross profit 154,850
Operating expenses 99,100
Interest expense 4,200
Income before taxes 51,550
Income tax expense 20,766
Net income $ 30,784

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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