Selected year-end financial statements of Cabot Corporation follow. (All sales were on credit; selected balance sheet amounts at December 31, 2017, were inventory, $50,900; total assets, $249,400; common stock, $89,000; and retained earnings, $33,734.) CABOT CORPORATION Income Statement For Year Ended December 31, 2018 Sales $ 452,600 Cost of goods sold 297,950 Gross profit 154,650 Operating expenses 99,300 Interest expense 4,500 Income before taxes 50,850 Income tax expense 20,484 Net income $ 30,366 Assets Cash Short-term investments Accounts receivable, net Merchandise inventory CABOT CORPORATION Balance Sheet December 31, 2018 Liabilities and Equity $ 18,000 Accounts payable 9,400 Accrued wages payable 33,000 Income taxes payable 36,150 Long-term note payable, secured by mortgage on plant assets 2,950 Common stock 147,300 Retained earnings $ 246,800 Total liabilities and equity 18,500 4,400 4,400 Prepaid expenses Plant assets, net Total assets 66,400 89,000 64,100 $ 246,800 Choose Numerator: Total liabilities Debt-to-Equity Ratio Choose Denominator: Total equity Debt-to-Equity Ratio Debt-to-equity ratio O to 1 2018: Times Interest Earned Choose Denominator: Choose Numerator: Times Interest Earned Times interest earned 2018: 0 times Req 4 Reg 5 Req 6 Req 7 Req 8 Req 9 Req 10 Req 11 imon stockholders' equity. Return on Common Stockholders' Equity merator: Return On Common Stockholders' Equity Return on common stockholders' equity Choose Denominator Average common stockholders' equity Preferred dividends O (10) Choose Numerator: Return on Total Assets Choose Denominator: Return on Total Assets Return on total assets 2018: 0 % (7) Times Interest Earned Choose Denominator: Choose Numerator: Times Interest Earned Times interest earned + 2018: + 0 times