Question: Selected current year - end financial statements of Cabot Corporation follow. ( All sales were on credit; selected balance sheet amounts at December 3 1

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, $249,400; common stock, $88,000; and retained earnings, $41,651.)
CABOT CORPORATION
Balance Sheet
December 31 of current year
Assets Liabilities and Equity
Cash $ 22,000 Accounts payable $ 17,500
Short-term investments 8,400 Accrued wages payable 4,000
Accounts receivable, net 31,800 Income taxes payable 3,500
Merchandise inventory 36,150 Long-term note payable, secured by mortgage on plant assets 64,400
Prepaid expenses 3,050 Common stock 88,000
Plant assets, net 147,300 Retained earnings 71,300
Total assets $ 248,700 Total liabilities and equity $ 248,700
CABOT CORPORATION
Income Statement
For Current Year Ended December 31
Sales $ 450,600
Cost of goods sold 297,350
Gross profit 153,250
Operating expenses 99,000
Interest expense 4,600
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.

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