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Selected year-end financial statements of Cabot Corp follow: (all sales were on credit; selected balance sheet amounts at Dec. 31, 2012, were inventory $48,900; total

Selected year-end financial statements of Cabot Corp follow: (all sales were on credit; selected balance sheet amounts at Dec. 31, 2012, were inventory $48,900; total assets, $189,400; common stock, $90,000; and retained earnings, $22,748).

Income Statement (2013)

Sales $448,600

Cost of goods sold 297,250

Gross profit 151,350

Operating expenses 98,600

Interest expense 4,100

Income before taxes 48,650

Income taxes 19,598

Net income 29,052

Balance Sheet

Assets

Cash 10,000

Short-term investments 8,400

Accts. receivable, net 29,200

Notes receivable 4,500

Merchandise inventory 32,150

Prepaid expense 2,650

Plant assets, net 153,300

Total assets 240,200

Required: compute the following:

1. current ratio

2. acid-test ratio

3. days sales uncollected

4. inventory turn-over

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

11. return on common stockholder equity

Round to one decimal place, except for part 6 round to two decimals.

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