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Selected year ond financial statements of Cabot Corporation follow. (All salos wore on credrt, selected balance shoet amounts at December 31, 2016, were inventory. $48,900
Selected year ond financial statements of Cabot Corporation follow. (All salos wore on credrt, selected balance shoet amounts at December 31, 2016, were inventory. $48,900 toral assets $189,400 common stock, $90,000, and retained earnings, $22.748) Incone Statenent For Year Ended Decenber 31, 2817 Sales Cest of goods sold Gross profit Operating expenses Interest expense Incone before taxes Ircome taxes Net incone 297,250 151,35e e8,6e0 48,650 s 29,e52 Balance Sheet Decenber 31, 2e17 Liabilities and Equity 5 17,500 3,280 3,188 s 18,e Accounts payeble Cash Short-tere inves trints Accounts recelvable, net Notes recelvable (trade)" Nenchandise ieventory s,408 29,280 4, 5ae Accrued waget payatle Incae taxes pay etle 32,15 Long-tern note peyable, seured 63,4e8 by mortgage on plant assets Prepaid expenses Plant assets, bet 2.65 Canon stock 98,866 62,888 Total assets s 248,280 Totel abilities and equity 5 248,28e These are short-term notes recelvable arising from customer (trade) sales. Requlired: Compute the followingcurrent rato 2) acid test rstla.B+ ays sales uncollected. {4) inventory turnover. (5) days sales in inventory. 16) debt40-equty rato. 7) times interest eamec.8 profi margin rato. 9 total arze turnover, no) retum on total ascets, and (T) return on common stockholders equity. Do not round intermediate calculations.) Complete this question by entering your answers in the tabs below
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