Problem 17-4A Calculation of financial statement ratios LO P3 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 Cost of goods sold Gross profit Operating expenses Interest expense Income before taxes Income taxes Net income Assets Cash Short-term investments Accounts receivable, net Notes receivable (trade)* Merchandise inventory Prepaid expenses Plant assets, net Total assets $ 448,600 297,250 $ 151,350 98,600 4,100 48,650 19,598 29,052 CABOT CORPORATION Balance Sheet December 31, 2017 $ 10,000 8,400 29, 200 4,500 32,150 Liabilities and Equity Accounts payable Accrued wages payable Income taxes payable Long-term note payable, secured by mortgage on plant assets Common stock Retained earnings 2,650 153,300 $ 240,200 Total liabilities and equity $ 17,500 3,200 3,300 63,400 90,000 62,800 $ 240,200 * These are short-term notes receivable arising from customer (trade) sales. 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. (Do not round intermediate calculations.)

Problem 17.4A Calculation of financial statement ratios LO P3 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 ) -These are shorterm notes receivable arising from customer (trade) sales 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 fumover, (10) return on totat assets, and (11) retuin on common stockholders' equity (Do not round intermediate colculotions.)