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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, $56,900; total

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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, $56,900; total assets, $249,400; common stock, $84,000; and retained earnings, $44,154.) CABOT CORPORATION Income Statement For Year Ended December 31, 2017 Sales Cost of goods sold Groas profit S452,600 298,250 154,350 99,500 Operating expenses8 Interest expense Income before taxers Income taxe8 S0,650 20,404 $ 30,246 Net income CABOT CORPORATION Balance Sheet December 31, 2017 Liabilities and Equity $ 14,000 Accounts payable Cash Short-term investments Accounts receivable, net Notes receivable (trade)* Herchandise inventory 19,500 4,800 3,100 B,200 Accrued wages payable 32,000 Income taxes payable 5,000 36,150 Long-term note payable, secured by 64,400 mortgage on plant assets Prepaid expenses Plant assets, net 2,550 Common etock 152,300 Retained earnings 84,000 74,400 250,200 Total assets 250,200 Total liabilities and equity 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) returr on common stockholders' equity. (Do not round intermediate calculations.) BOT CORPORATION Balance Sheet cember 31, 2017 Liabilities and Equity 00 Accounts payable 00 Accrued wages payable 00 Income taxes payable $ 19,500 4,800 3,100 50 Long-term note payable, secured by 64,400 mortgage on plant ass ets 50 Common stock 00 Retained earnings 84,000 74,400 $ 250,200 00 Total liabilities and equity

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