Selected year-end financial statements of Cabot Corporation follow. (All sales were on credit; selected balance sheet amounts at December 31, 2016, were inventory, $54,900; total assets, $209,400; common stock, $88,000; and retained earnings, $30,903.) CABOT CORPORATION Income Statement For Year Ended December 31, 2017 Sales $ 454,600 Cost of goods sold 297,750 Gross profit 156,850 Operating expenses 98,700 Interest expense 4,400 Income before taxes 53,750 Income taxes 21,653 Net income $ 32,097 CABOT CORPORATION Balance Sheet December 31, 2017 Assets Liabilities and Equity Cash $ 12,000 Accounts payable $ 19,500 Short-term investments 8,600 Accrued wages payable 2,800 Accounts receivable, net 30,200 Income taxes payable 4,100 Notes receivable (trade)* 4,500 Merchandise inventory 34,150 Long-term note payable, secured by mortgage on plant assets 66,400 Prepaid expenses 3,050 Common stock 88,000 Plant assets, net 151,300 Retained earnings 63,000 Total assets $ 243,800 Total liabilities and equity $ 243,800 * 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.) rev: 05_13_2017_QC_CS-89220, 11_03_2017_QC_CS-108321, 04_18_2018_QC_CS-124956 This is the last question in the assignment. To submit, use Alt + S. To access other questions, proceed to the question map button.Next Visit question mapQuestion 2 of 2 Total 2 of 2 Prev