Selected year-end financial statements of Cabot Corporation follow. (All sales were on credit; selected balance sheet amounts at December 31, 2012, were inventory, $55,900; total assets, $199,400; common stock, $95,000; and retained earnings, $51,948.)
CABOT CORPORATION
Income Statement
For Year Ended December 31, 2013
Sales $ 453,600
Cost of goods sold 298,450
Gross profit 155,150
Operating expenses 99,300
Interest expense 4,500
Income before taxes 51,350
Income taxes 20,686
Net income $ 30,664
CABOT CORPORATION
Balance Sheet
December 31, 2013
Assets Liabilities and Equity
Cash $ 20,000 Accounts payable $ 22,500
Short-term investments 9,200 Accrued wages payable 3,600
Accounts receivable, net 32,400 Income taxes payable 3,200
Notes receivable (trade)* 5,000 Long-term note payable, secured
Merchandise inventory 30,150 by mortgage on plant assets 66,400
Prepaid expenses 2,650 Common stock 95,000
Plant assets, net 149,300 Retained earnings 58,000
Total assets $ 248,700 Total liabilities and equity $ 248,700
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.(Use 365 days a year. Do not round intermediate calculations.)