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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, $47,900; 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, $47,900; total assets, $229,400; common stock, $82,000; and retained earnings, $53,369.) CABOT CORPORATION Income Statement For Year Ended December 31, 2017 Sales Cost of goods sold Gross profit Operating expenses Interest expense Income before taxes Income taxes Net income 449,600 296,950 152,650 99,400 4,300 48,950 19,719 $ 29,231 CABOT CORPORATION Balance Sheet December 31, 2017 Liabilities and Equity Assets Cash Short-term investments Accounts receivable, net Notes receivable (trade)* Merchandise inventory 12,000 Accounts payable 31,000 Income taxes payable 42,150 Long-term note payable, secured by 17,500 3,600 3,200 9,400 Accrued wages payable 6,000 65,400 mortgage on plant assets Prepaid expenses Plant assets, net Total assets 2,450 Common stock 151,300 Retained earnings 82,000 82,600 254,300 254, 300 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 Req 1 and 2 Req 3 Req4 Req 5 Req 6Req 7 Req 8Req 9 Req 10 Req 11 Compute the return on common stockholders' equity Return on Common Stockholders' Equity Choose Numerator: Choose Denominator Return On Common Stockholders' Equ Preferred dividendsAverage common stockholders' equity Return on common stockholders' equity 2017: 29,231S 01% Req 10 eq 11
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