After-class Task 3 Working with Financial Statements Roland Inc. 2010 Income Statement in Thousands of Dollars) Net sales $6.025 Cost of goods sold 4.500 Operating expenses 800 Depreciation 100 EBIT $ 626 Interest Taxable income $430 Taxes 145 Net income $ 285 Retained earings $200 Dividends $85 2010 Balance Sheet ASSETS Current assets Cash $ 120 Marketable securities 80 Accounts receivable Inventory 1.000 Total $2.000 Fixed Assets Net plant and equipment $1200 Total Assets $3200 LIABILITIES AND EQUITY Current liabilities Accounts payable $300 Notes payable 500 Accruals 40 Total $ 840 Long-term debe $ 860 Stockholders' equity Common stock $500 Retained earnings 1000 Total Total Claims $3200 Roland, Inc. Use the information in the balance sheet and income statement to compute the francial ratios for Roland. Perform the DuPont analysis. Compare Roland against its industry average. Make conclusions about Roland's relative performance. $1500 Action SG 1961 mon Schall & Haley, 6th edition, p. 542