15-1 PGJ is a large producer of food products. In 2012, the percentage breakdown of revenues and profits was as follows: Revenues (%) Profits (%) 41 62 28 19 Packaged foods Coffee Processed meat Food service-other 19 13 12 6 100 100 International operations account for about 22 percent of sales and 17 percent of operating profit. For the 2008-2012 fiscal years, the number of shares outstanding (in millions) and selected income statement data were in millions of dollars) as follows: Net Income Int. Before After Shares Outst. Oper. Inc. . Exp. Year Revenues Deprec. Exp. Tax Tax 49.93 2008 $524 $121 $77 $31 $452 $232 49.97 2009 262 78 39 470 534 565 $5,472 5,960 6,601 8,351 8,256 256 255 2010 187 50 49.43 49.45 473 89 131 694 2011 2012 283 266 152 139 418 535 221 289 51.92 721 133 a. For each year calculate operating income as a percentage of revenues. b. Net profits after tax as a percentage of revenues. c. After-tax profits per share outstanding (EPS). The balance sheet data for the same fiscal years (in millions of dollars) were as follows: Current Year Cash Assets Liabilities Total Assets Long-Term Debt Common Equity 2008 2009 $291 178 $251 255 $2,565 2,978 3,103 2010 $1,736 1,951 2,019 2,254 2,315 309 $845 1,047 929 1,215 1,342 391 $1,321 1,480 1,610 1,626 1,872 2011 163 731 3,861 4,310 2012 285 736 d. Calculate the ratio of current assets to current liabilities for each year. e. Calculate the long-term debt as a percentage of common equity. f. For each year calculate the book value per share as the common equity divided by the number of shares outstanding, g. Calculate ROE. h. Calculate ROA. i. Calculate leverage. j. Calculate the net income margin. k. Calculate turnover. 1. Calculate the EBIT. m. Calculate the income ratio. n. Calculate operating efficiency. o. On the basis of these calculations, evaluate the current status of the health of PGJ and the changes over the period