Selected current year-end financial statements of Cabot Corporation follow. (All sales were on credit; selected...

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Accounting

Selected current year-end financial statements of Cabot Corporation follow. (All sales were on credit; selected balance sheet amounts at December 31 of the prior year were inventory, $48,900; total assets, $259,400; common stock, $82,000; and retained earnings, $25,101.)

CABOT CORPORATION
Balance Sheet
December 31 of current year
Assets Liabilities and Equity
Cash $ 8,000 Accounts payable $ 18,500
Short-term investments 9,600 Accrued wages payable 3,800
Accounts receivable, net 28,800 Income taxes payable 3,200
Merchandise inventory 34,150 Long-term note payable, secured by mortgage on plant assets 70,400
Prepaid expenses 2,800 Common stock 82,000
Plant assets, net 149,300 Retained earnings 54,750
Total assets $ 232,650 Total liabilities and equity $ 232,650
CABOT CORPORATION
Income Statement
For Current Year Ended December 31
Sales $ 450,600
Cost of goods sold 297,850
Gross profit 152,750
Operating expenses 98,700
Interest expense 4,400
Income before taxes 49,650
Income tax expense 20,001
Net income $ 29,649

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 equity.

Note: Do not round intermediate calculations.

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