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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, 2017, were inventory, $51,900; total
Selected year-end financial statements of Cabot Corporation follow. (All sales were on credit; selected balance sheet amounts at December 31, 2017, were inventory, $51,900; total assets, $199,400; common stock, $83,000; and retained earnings, $30,632.) CABOT CORPORATION Income Statement For Year Ended December 31, 2018 Sales Cost of goods sold Gross profit Operating expenses Interest expense Income before taxes Income tax expense Net income $455,600 298,050 157,550 99,400 4,700 53,450 21,532 $31,918 CABOT CORPORATION Balance Sheet December 31, 2018 Liabilities and Equity AssetS Cash Short-term investments Accounts receivable, net 30,800 Income taxes payable Merchandise inventory 12,000 Accounts payable $ 17,500 3,400 3,400 9, 000 Accrued wages payable 36,150 Long-term note payable, secured by mortgage on plant assets Prepaid expenses Plant assets, net Total assets 68,400 83,000 62,550 $238,250 Total liabilities and equity $238,250 3,000 Common stock 147,300 Retained earnings 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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