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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, $51,900; 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, $51,900; total assets, $229,400; common stock, $84,000; and retained earnings, $55,672.)

CABOT CORPORATION

Income Statement

For Year Ended December 31, 2016Sales$450,600Cost of goods sold296,850Gross profit153,750Operating expenses99,300Interest expense4,500Income before taxes49,950Income taxes20,122Net income$29,828

CABOT CORPORATION

Balance Sheet

December 31, 2016AssetsLiabilities and EquityCash$20,000Accounts payable$17,500Short-term investments9,400Accrued wages payable3,000Accounts receivable, net30,600Income taxes payable3,200Notes receivable (trade)*5,000Long-term note payable, securedMerchandise inventory34,150by mortgage on plant assets63,400Prepaid expenses3,150Common stock84,000Plant assets, net154,300Retained earnings85,500Total assets$256,600Total liabilities and equity$256,600* 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

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