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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, 2014, were inventory, $54,900; total

Selected year-end financial statements of Cabot Corporation follow. (All sales were on credit; selected balance sheet amounts at December 31, 2014, were inventory, $54,900; total assets, $259,400; common stock, $83,000; and retained earnings, $44,986.)

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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, 2014, were inventory, S54,900; total assets, $259,400; common stock, $83,000; and retained earnings, $44,986.) CABOT CORPORATION Income Statement For Year Ended December 31, 2015 456,600 Sales 297,150 Cost of goods sold 159,450 Gross profit Operating expenses 99.600 Interest expense 4.900 Income before taxes 54.950 Income taxes 22,136 32,814 Net income CABOT CORPORATION Balance Sheet December 31, 2015 Assets Liabilities and Equity S 1 6.000 Accounts payable 15,500 Cash Short-term investments 8.400 Accrued wages payable 3,400 Accounts receivable, net 32,000 Income taxes payable 4.200 Notes receivable (trade) 6.500 Long-term note payable, secured 71,400 Merchandise inventory 40.150 by mortgage on plant assets Prepaid expenses 2,950 Common stock 83,000 77,800 Plant assets, net 149,300 Retained earnings Total assets $255,300 Total liabilities and equity 255.300 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 (1) Current Ratio Choose Numerator: choose Denominator: Current Ratio Current ratio 2015: to1

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