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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, 2016, 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, 2016, were inventory, $47,900; total assets, $259,400; common stock, $86,000; and retained earnings, $36,770.)

CABOT CORPORATION Income Statement For Year Ended December 31, 2017
Sales $ 448,600
Cost of goods sold 296,850
Gross profit 151,750
Operating expenses 98,500
Interest expense 3,800
Income before taxes 49,450
Income taxes 19,920
Net income $ 29,530

CABOT CORPORATION Balance Sheet December 31, 2017
Assets Liabilities and Equity
Cash $ 10,000 Accounts payable $ 17,500
Short-term investments 9,000 Accrued wages payable 2,800
Accounts receivable, net 33,600 Income taxes payable 3,700
Notes receivable (trade)* 6,500
Merchandise inventory 30,150 Long-term note payable, secured by mortgage on plant assets 65,400
Prepaid expenses 3,150 Common stock 86,000
Plant assets, net 149,300 Retained earnings 66,300
Total assets $ 241,700 Total liabilities and equity $ 241,700

* 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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