Avoid an Estimated Bill. It's E Own Meter Sorry We Missed You . Go to conEd.com. Click My Account S of your Use your phone, tablet, or To get visit conEd.com and log into My A mos no h Chapter 17 Anlysis of Financial Statements 751 Selected year-end financial statements of Cabot Corporation follow. (All sales were on credit; selected Problem 17-4A balance sheet amounts at December 31, 2016, were inventory, $48,900, total assets, $189,400, common Cakculation of financisl sock, $90,000, and retained earnings, $22.748.) P3 CABOT CORPORATION ncome Statement Balance Sheet December 31, 2017 For Year Ended December 31, 2017 Sales Cast of goods sold Gs proft Operating expenses. Liablities and Equity $448,600 10.000 Accounts pryable 297.250 ...151,350 Short-tern investments Accounts necelvable, net 8,400 Accrued wages pryable.... 29,200 Income taxes payable 17,500 1,200 98.600 4,100 650 500 Long-serm note paryatke, secured 32,150 by mortgage on plant assees 2,650 Common stock t expense. hcome before tanes. ncome taxes Net income.... Merchandise inventory Prepaid expenses. Plant assets, net. Total assets 63,400 90,000 19,598 153,300 Retained eamings $240.200 5 29,052 otal lebilties and equty $240200 " These are short-term notes receivable arining froen custorner (trade) sales Required Cempute the followving: (I) current ratio, (2) acid-test ratio, (3) days' sales uncollected. 45) inventory Check Acials o rnover, 2 sales in inventory, (6) debe-to-equity ratio, (7) times interest earned, (8) profit margin to 1 unoves 73 ota asset turnover, (10) return on total assets, and (11) return on common stockholders od to one decimal place; for part 6, round to two decimals