11. K. Ballingsworth \& Co. has earnings per share of $4 last year, and it paid a \$2 dividend. Total retained earnings increased by $12 million during the year, while book value per share at year end was $40. Billingsworth has no preferred stock and no new common stock was issued during the year. If Billingsworth's year-end debt (which equals its total liabilities) was \$120 million, what was the company's year-end debt/assets ratio? 12. The following data apply to A.I. Kalser \& Company (millions of dollars): Kaiser has no preferred stock - only common equity, current liabilities and long-term debt a. Find Kaiser's (1) account receivable (A/R), (2) Current Liabilities, (3) Current Assets, (4) total assets, (5) ROA, (6) common equity, and (7) long-term debt. b. In Part a, you should have found Kaiser's accounts receivable (A/R)=$111.1 Million. If Kaiser could reduce its DSO from 40 days to 30 days while holding other things constant, how much cash would it generate? If this cash were used to buy back common stock (at book value), thru reducing the amount of common equity, how would this affect (1) the ROE, (2) the ROA and (3) the total debt/ total assets ratio