E to E A. E EE 21 AaBbCcDc AabbCcDc AaBb C AaBbccc AaB 1 Normal 1 No Spac... Heading 1 Heading 2 Title 17 Paragraph Styles CABOT CORPORATION Income Statement For Current Year Ended December 31 Sales $ 454,600 Cost of goods sold 298,150 Gross profit 156,450 Operating expenses 98,800 Interest expense 4,000 Income before taxes 53, 650 Income tax expense 21, 612 Net income $ 32,038 o CABOT CORPORATION Balance Sheet December 31 Assets Liabilities and Equity Cash "$ 20,000 Accounts payable $ 16,500 Short-term investments 9,400 Accrued wages payable 2,800 Accounts receivable, net 30, 600 Income taxes payable 4,500 Merchandise 38,150 Long-term note payable, 66,400 inventory secured by mortgage on plant Beta Prepaid 2,700 Common stock expenses 86,000 Plant assets, 154,300 Retained earnings net 78,950 Total assets $255, 150 Total liabilities and equity $255, 150 Required: Compute the following: (1) current ratio, (2) acid-test ratio (3) days' sales uncollected.(4) inventory tumover, (5) days' sales in inventory (6) debt-to-equity ratio, () times interest earned (8) profit margin ratio, 9 total asset turnover (10) return on total assets, and (11) retum on common stockholders' equity (Do not round intermediate calculations.) D. Focus og a oe *Mae w