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Accounting

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Selected year-end financial statements of Cabot Corporation follow. (All sales were on credit; selected December 31, 2016, were inventory, $54,900, total assets, $169,400 common stock. $80,000, and retained earnings, $45,6 balance sheet amounts at d earnings, $45,655) common stock, $80,000; and retain CABOT CORPORATION Income Statement For Year Ended December 31, 2017 Sales Cost of goods sold Gross profit Operating expenses Interest expense Income before taxes Income taxes Net income $ 455,600 297,050 158, 550 99,500 4,300 54,750 22,055 $ 32,695 CABOT CORPORATION Balance Sheet December 31, 2017 Assets Cash Short-term investments Accounts receivable, net Notes receivable (trade)* Liabilities and Equity $ 16,000 Accounts payable $ 17,500 3, 200 4, 500 8,400 Accrued wages payable 31,000 Income taxes payable 7,800 32,150 Long-term note payable, secured by 68,400 mortgage on plant assets Prepaid expenses Plant assets, net Total assets 3,180 Common stock 154,380 Retained earnings 80,800 78,350 $ 251,950 $ 251,950 Total liabilities and equity 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 (1) return on common stockholders' equity. (Do not round intermediate calculations.)

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