Problem $17-4$A $($Algo$)$ Calculating financial statement ratios LO P$3$

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, $$50,900$; total assets, $$209,400$; common stock, $$81,000$; and retained earnings, $$51,620.)$

$\backslash$table$[[,,\backslash$table$[[$CABOT CORPORATION$],[$Balance Sheet$],[$December $31$ of current year$]],],[$Assets$,,$Liabilities and Equity,$],[$Cash$,$$$20,000,$Accounts payable,$$16,500$