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Selected year-end financial statements of Cabot Corporation follow. (All sales were on credit; selected balance sheet amounts at December 31, 2015, were inventory, $47,900; total

Selected year-end financial statements of Cabot Corporation follow. (All sales were on credit; selected balance sheet amounts at December 31, 2015, were inventory, $47,900; total assets, $169,400; common stock, $87,000; and retained earnings, $38,537.)

CABOT CORPORATION Income Statement For Year Ended December 31, 2016
Sales $ 452,600
Cost of goods sold 297,650
Gross profit 154,950
Operating expenses 98,900
Interest expense 4,200
Income before taxes 51,850
Income taxes 20,887
Net income $ 30,963

CABOT CORPORATION Balance Sheet December 31, 2016
Assets Liabilities and Equity
Cash $ 10,000 Accounts payable $ 17,500
Short-term investments 8,600 Accrued wages payable 4,200
Accounts receivable, net 33,600 Income taxes payable 4,300
Notes receivable (trade)* 5,500 Long-term note payable, secured
Merchandise inventory 32,150 by mortgage on plant assets 63,400
Prepaid expenses 2,750 Common stock 87,000
Plant assets, net 153,300 Retained earnings 69,500
Total assets $ 245,900 Total liabilities and equity $ 245,900

* These are short-term notes receivable arising from customer (trade) sales.

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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(1) Current Ratio Choose Denominator: Choose Numerator: 1 Current Ratio Current ratio to 1 2016: (2) Choose Numerator: Acid-Test Ratio 1 Choose Denominator: 1 11 Acid-Test Ratio Acid-test ratio to 1 2016: 11 (3) Days Sales Uncollected Choose Denominator: Days Choose Numerator: 11 Days Sales Uncollected Days sales uncollected days 2016: X 11 (4) Inventory Turnover Choose Denominator: Choose Numerator: Inventory Turnover Inventory turnover times 2016: (5) Days' Sales in Inventory. | Choose Denominator: Choose Numerator: Days x Days' Sales in Inventory Days' sales in inventory days 2016: x 11 (6) Choose Numerator: Debt-to-Equity Ratio 1 Choose Denominator: 1 Debt-to-Equity Ratio Debt-to-equity ratio to 1 2016: (7) Times Interest Earned Choose Numerator: Choose Denominator: Times Interest Earned 11 Times interest earned 2016: / times (8) Profit Margin Ratio 1 Choose Denominator: Choose Numerator: Profit margin ratio Profit margin ratio 11 2016: nd (9) Total Asset Turnover 1 Choose Denominator: Choose Numerator: Total Asset Turnover = Total asset turnover times 2016: (10) Return on Total Assets | Choose Denominator: Choose Numerator: Return on Total Assets Return on total assets 2016: % (11) Choose Numerator: Return on Common Stockholders' Equity. Choose Denominator = Return On Common Stockholders' Equity = Return on common stockholders' equity 2016: %

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