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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, $55,900; 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, $55,900; total assets, $169,400; common stock, $86,000; and retained earnings, $47,625.)

CABOT CORPORATION Income Statement For Year Ended December 31, 2017
Sales $ 452,600
Cost of goods sold 298,450
Gross profit 154,150
Operating expenses 98,800
Interest expense 4,400
Income before taxes 50,950
Income taxes 20,525
Net income $ 30,425

CABOT CORPORATION Balance Sheet December 31, 2017
Assets Liabilities and Equity
Cash $ 10,000 Accounts payable $ 15,500
Short-term investments 9,200 Accrued wages payable 3,800
Accounts receivable, net 31,600 Income taxes payable 4,500
Notes receivable (trade)* 7,500
Merchandise inventory 40,150 Long-term note payable, secured by mortgage on plant assets 65,400
Prepaid expenses 2,500 Common stock 86,000
Plant assets, net 152,300 Retained earnings 78,050
Total assets $ 253,250 Total liabilities and equity $ 253,250

* These are short-term notes receivable arising from customer (trade) sales. Required: Compute the following: (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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