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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, $46,900; 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, $46,900; total assets, $169,400; common stock, $86,000; and retained earnings, $43,796.)

CABOT CORPORATION Income Statement For Year Ended December 31, 2017
Sales $ 456,600
Cost of goods sold 298,250
Gross profit 158,350
Operating expenses 98,600
Interest expense 4,900
Income before taxes 54,850
Income taxes 22,096
Net income $ 32,754

CABOT CORPORATION Balance Sheet December 31, 2017
Assets Liabilities and Equity
Cash $ 16,000 Accounts payable $ 19,500
Short-term investments 9,400 Accrued wages payable 3,000
Accounts receivable, net 33,600 Income taxes payable 4,000
Notes receivable (trade)* 5,000
Merchandise inventory 40,150 Long-term note payable, secured by mortgage on plant assets 68,400
Prepaid expenses 3,000 Common stock 86,000
Plant assets, net 150,300 Retained earnings 76,550
Total assets $ 257,450 Total liabilities and equity $ 257,450

* 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.)

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Current Ratio (1) Choose Numerator: Choose Denominator: Current Ratio / Current ratio 2017: 0 to 1 = Acid-Test Ratio 2 Choose Denominator: Choose Numerator: Acid-Test Ratio Acid-Test Ratio 2017: 0 to 1 = Days' Sales Uncollected (3) Choose Numerator: / Choose Denominator: Days Days Sales Uncollected X / Days sales uncollected X = O days 2017: / X Inventory Turnover (4) Choose Denominator: Choose Numerator: Inventory Turnover / Inventory turnover 0 times 2017: III Days' Sales in Inventory (5) Choose Denominator: Choose Numerator: / Days Days' Sales in Inventory X Days' sales in inventory 2017: 0 days X Debt-to-Equity Ratio (6) Debt-to-Equity Ratio Choose Numerator: Choose Denominator: Debt-to-equity ratio = 2017: 0 to 1 Times Interest Earned (7) Choose Numerator: Choose Denominator: Times Interest Earned Times interest earned 0 times 2017: + | Profit Margin Ratio (8) Choose Numerator: Choose Denominator: Profit margin ratio Profit margin ratio / = 0% 2017: Total Asset Turnover (9) Choose Numerator: Choose Denominator: Total Asset Turnover Total asset turnover 0 times 2017: Return on Total Assets (10) Choose Denominator: Choose Numerator: Return on Total Assets / Return on total assets 2017: 0 % Return on Common Stockholders' Equity (11) =Return On Common Stockholders' Equity Choose Numerator: / Choose Denominator Return on common stockholders' equity 2017 /

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