4. Orca Industries Below are the two most recent balance sheets and most recent income statement for Orca Industries. The company has an effective tax rate of 35% Balance Sheet 2011 2010 Assets: Cash $10,000 $ 6,000 Accounts Receivable (net) 6,000 1.500 Inventory 8.000 10,000 Long-lived assets 12,000 11,000 Less. Aceumulated depreciation (4,000) (2.000) Total assets $32.000 S26,500 Liabilities and Stockhoklers' Equity: Accounts payable $ 5.000 $ 6,000 Deferred revenues 1,000 2,000 Long-term note payable 10,000 10,000 Less: Discount on note payable (800) (1.000) Common stock 12.000 Retained earnings 4.800 3.500 Total liabilities and stockholders' equity $32.000 $26.500 Income Statement For the year ended December 31, 2011 Revenues S42.000 Cost of goods sold (24,000) Depreciation expense (2.000) Interest expense (3,000) Bad debt expense (2.000) Other expense (including income taxes) 19.000) Net income $ 2.000 6.000 1. Refer to the information for Orca Industries. The return on assets for Orca Industries is 2. Refer to the information for Orca Industries. The return on common shareholders' cquity for Orca Industries is 3. Refer to the information for Orca Industries. The profit margin for computing ROA for Orca Industries is: 4. Refer to the information for Orea Industries Orca's asset turnover is. 5. Refer to the information for Orca Industries. Orca's accounts receivable turnover is (assume that Orca makes all sales on account): 6. Refer to the information for Orea Industries. Orca's basic earnings per share is