Selected year-end financial statements of Cabot Corporation follow. (All sales were on credit; selected balance sheet amounts at December 31, 2016, were inventory, $48,900; total assets, $189,400; common stock, $90,000; and retained earnings, $22,748.)

CABOT CORPORATION

Income Statement

For Year Ended December 31, 2017

Sales........................................$448,600

Cost of goods sold.........................297,250

Gross profit..................................151,350

Operating expenses..........................98,600

Interest expense...............................4,100

Income before taxes.........................48,650

Income taxes.................................19,598

Net income.................................$ 29,052

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. Round to one decimal place; for part 6, round to two decimals.

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CABOT CORPORATION Balance Sheet December 31, 2017 Assets Cash Short-term investments Accounts receivable, net Notes receivable (trade* Merchandise inventory Prepaid expenses Plant assets, net Total assets Liabilities and Equity Accounts payable. S 10,000 8,400 Accrued wages payable 29,200 Income taxes payable 17,500 3,200 3,300 4,500 32,150 Long-term note payable, secured by mortgage on plant assets 63.400 2,650 Common stock 153,300 Retained earnings $240,200 90,000 Total liabilities and equity