Selected year-end financial statements of Cabot Corporation follow. (All sales were on credit; selected balance sheet amounts at December 31, 2016, were inventory, $52,900; total assets, $219,400; common stock, $86,000; and retained earnings, $36,224.)

CABOT CORPORATION Income Statement For Year Ended December 31, 2017
Sales	$	453,600
Cost of goods sold		296,950
Gross profit		156,650
Operating expenses		98,500
Interest expense		4,100
Income before taxes		54,050
Income taxes		21,774
Net income	$	32,276

CABOT CORPORATION Balance Sheet December 31, 2017
Assets				Liabilities and Equity
Cash	$	10,000		Accounts payable	$	15,500
Short-term investments		9,400		Accrued wages payable		4,800
Accounts receivable, net		33,000		Income taxes payable		4,300
Notes receivable (trade)*		7,000
Merchandise inventory		32,150		Long-term note payable, secured by mortgage on plant assets		67,400
Prepaid expenses		2,650		Common stock		86,000
Plant assets, net		152,300		Retained earnings		68,500
Total assets	$	246,500		Total liabilities and equity	$	246,500

* 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.)

3 Check my work 4 Selected year-end financial statements of Cabot Corporation follow. (All sales were on credit; selected balance sheet amounts at December 31, 2016, were inventory, $52,900; total assets, $219,400; common stock, $86,000; and retained earnings, $36,224.) 10 points CABOT CORPORATION Income Statement For Year Ended December 31, 2017 Sales Cost of goods sold Gross profit Operating expenses Interest expense Income before taxes Incometaxes Net income $453,600 296,950 156,650 98,500 4,100 54,050 21,774 $ 32,276 eBook Print References CABOT CORPORATION Balance Sheet December 31, 2017 Liabilities and Equity Assets Cash Short-term investments Accounts receivable, net Notes receivable (trade) * Merchandise inventory $ 15,500 4,800 4,300 $ 10,000 Accounts payable 9,400 Accrued wages payablee 33,000 Income taxes payable 7,000 32,150 Long-term note payable, secured by 67,400 mortgage on plant assets Prepaid expenses Plant assets, net Total assets 2,650 Common stock 152,300 Retained earnings 86,000 68,500 $ 246,500 $ 246,500 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) return on common stockholders' equity. (Do not round intermediate calculations.) Complete this question by entering your answers in the tabs below