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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, $48,900; 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, $48,900; total assets, $219,400; common stock, $89,000; and retained earnings, $38,944.)

CABOT CORPORATION

Income Statement

For Year Ended December 31, 2017Sales$448,600Cost of goods sold298,450Gross profit150,150Operating expenses98,500Interest expense4,500Income before taxes47,150Income taxes18,994Net income$28,156

CABOT CORPORATION

Balance Sheet

December 31, 2017AssetsLiabilities and EquityCash$16,000Accounts payable$16,500Short-term investments8,800Accrued wages payable4,200Accounts receivable, net31,600Income taxes payable3,200Notes receivable (trade)*6,500Merchandise inventory34,150Long-term note payable, secured by mortgage on plant assets67,400Prepaid expenses3,050Common stock89,000Plant assets, net147,300Retained earnings67,100Total assets$247,400Total liabilities and equity$247,400

* 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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