Selected year-end financial statements of Cabot Corporation follow. (All sales were on credit; selected balance...

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Accounting

Selected year-end financial statements of Cabot Corporation follow. (All sales were on credit; selected balance sheet amounts at December 31, 2014, were inventory, $47,900; total assets, $199,400; common stock, $81,000; and retained earnings, $32,837.)

CABOT CORPORATION Income Statement For Year Ended December 31, 2015
Sales $ 453,600
Cost of goods sold 297,950
Gross profit 155,650
Operating expenses 99,500
Interest expense 4,300
Income before taxes 51,850
Income taxes 20,887
Net income $ 30,963

CABOT CORPORATION Balance Sheet December 31, 2015
Assets Liabilities and Equity
Cash $ 12,000 Accounts payable $ 19,500
Short-term investments 9,000 Accrued wages payable 4,800
Accounts receivable, net 32,800 Income taxes payable 3,800
Notes receivable (trade)* 4,000 Long-term note payable, secured
Merchandise inventory 32,150 by mortgage on plant assets 69,400
Prepaid expenses 3,050 Common stock 81,000
Plant assets, net 149,300 Retained earnings 63,800
Total assets $ 242,300 Total liabilities and equity $ 242,300
* 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

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