5. Using the information in the Balance Sheet and Profit and Loss Statement below, calculate the following ratios and answer the questions (8 points in total) EXHIBIT 9:14 PartsCo: Consolidated Financial Statements S million Income statement Balance sheet Prior year Current year Prior year Current year Revenues 7826 Cost of sales (5087) 900.0 (612.0) Working cash 15.0 12.3 Accounts receivable 85.8 111.0 Selling costs (1565) (171.0) Inventory 69.7 75.5 Depreciation (27.0) (31.3) Current assets 170.5 198.8 Operating profit 904 85.7 Property and equipment 6261 720.0 Interest (50) (75) Total assets 796 6 918.8 Famings before taxes 854 782 Taxes (311) (308) Liabilities and equity Net Income 543 47.4 Accounts payable 33.7 44.1 Short-term debt 19.4 Current liabilities 33.7 635 Long-term debt 170.0 2150 Shareholders equity 592 9 6403 Liabilities and equity 796 6 9188 2) Calculate the following Profitability Ratios Return on Invested Capital (ROIC) ratio in prior year = Return on Invested Capital (ROIC) ratio in current year Return on Owner's Equity (ROE) ratio in prior year = Return on Owner's Equity (ROE) ratio in current year- Profit as Percentage of Sales ratio in prior year- Profit as Percentage of Sales ratio in current year= 3) Based on the above ratio analysis, what conclusions/observations can you make regarding the financial situation of this company. (If any)? were to search Oe D hip 22 ELEV New 13x Bac Ma po Set flag