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

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Accounting

Selected year-end financial statements of Cabot Corporation follow. (All sales were on credit; selected balance sheet amounts at December 31, 2012, were inventory, $48,900; total assets, $199,400; common stock, $115,000; and retained earnings, $52,348.)

CABOT CORPORATION Income Statement For Year Ended December 31, 2013
Sales $ 447,600
Cost of goods sold 297,950
Gross profit 149,650
Operating expenses 98,600
Interest expense 4,800
Income before taxes 46,250
Income taxes 18,631
Net income $ 27,619

CABOT CORPORATION Balance Sheet December 31, 2013
Assets Liabilities and Equity
Cash $ 18,000 Accounts payable $ 26,500
Short-term investments 9,000 Accrued wages payable 3,400
Accounts receivable, net 31,200 Income taxes payable 4,500
Notes receivable (trade)* 6,500 Long-term note payable, secured
Merchandise inventory 40,150 by mortgage on plant assets 62,400
Prepaid expenses 3,000 Common stock 115,000
Plant assets, net 153,300 Retained earnings 49,350
Total assets $ 261,150 Total liabilities and equity $ 261,150
* These are short-term notes receivable arising from customer (trade) sales.

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.

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