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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, 2017, were inventory, $46,900; total
Selected year-end financial statements of Cabot Corporation follow. (All sales were on credit; selected balance sheet amounts at December 31, 2017, were inventory, $46,900; total assets, $209,400; common stock, $87,000; and retained earnings, $34,724.) CABOT CORPORATION Income Statement For Year Ended December 31 $448,600 297,350 151,250 99,000 4,900 47,350 19,074 $ 28,276 2018 Sales Cost of goods sold Gross profit Operating expenses Interest expense Income before taxes Income tax expense Net income CABOT CORPORATION Balance Sheet December 31, 2018 Liabilities and Equity Assets Cash Short-term investments Accounts receivable, 30,400 Income taxes payable net Merchandise inventory 16,500 4,000 3,200 $ 20,000 Accounts payable 8,400 Accrued wages payable 32,150 Long-term note payable, secured by mortgage on plant assets 68,400 87,000 63,000 $242,100 2,850 Common stock 148,300 Retained earnings Prepaid expenses Plant assets, net $242,100 Total liabilities and Total assets equity 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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