Selected year-end financial statements of Cabot Corporation follow. (All sales were on credit; selected balance sheet amounts at December 31, 2012, were inventory, $48,900; total assets, $189,400; common stock, $90,000; and retained earnings, $22,748.)

CABOT CORPORATION Income Statement For Year Ended December 31, 2013
Sales	$	448,600
Cost of goods sold		297,250
Gross profit		151,350
Operating expenses		98,600
Interest expense		4,100
Income before taxes		48,650
Income taxes		19,598
Net income	$	29,052

CABOT CORPORATION Balance Sheet December 31, 2013
Assets				Liabilities and Equity
Cash	$	10,000		Accounts payable	$	17,500
Short-term investments		8,400		Accrued wages payable		3,200
Accounts receivable, net		29,200		Income taxes payable		3,300
Notes receivable (trade)*		4,500		Long-term note payable, secured
Merchandise inventory		32,150		by mortgage on plant assets		63,400
Prepaid expenses		2,650		Common stock		90,000
Plant assets, net		153,300		Retained earnings		62,800
Total assets	$	240,200		Total liabilities and equity	$	240,200

* These are short-term notes receivable arising from customer (trade) sales.

Acid-Test Ratio
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2013:		/		=		to 1

Times Interest Earned
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2013:		+		/		=		times

Total Asset Turnover
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Return on Common Stockholders' Equity
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		-	Net income	/	Average common stockholders' equity	=	Return On Common Stockholders' Equity
2013:		-		/		=