Assignment2 1) Landtrust has $600,000 in assets and $375,000 of total debt. It reports the net income from projects is $200,000 a) What is its ROA b) What is the return on shareholder's equity c) If the business has an asset turnover ratio of 2.25 times, what is the profit margin? 2) please calculate all the ration mentioned in the lecture for following company MGC Corp's Balance Sheet Cash Notes Payable Marketable Securities long term Investment 31-Dec-19 Income Statement 43,830 50,000 Project Revenue 735,000 105,000 75,000 COGS 235,000 Accounts Receivable 21,000 Gross Profit 311,000 424,000 Accumulated Depreciation-Plant and equipment 210,000 Inventory 350,000 Operating exp Accounts Payable 185,000 Admin & Selling Exp 325,751 Plant and equipment 730,000 Net profit before Interest and tax 98,249 Shareholder's Capital (common share and preferred shar 370,000 Long-term loan payable---10 years 250,000 Interest Expense Retained Earnings 341,000 Earning before tax 12,362 85,887 Required: Taxes 15,315 1) re-arrange the accounts following the right balance sheet format 2) Calculate the 10 ratios based on the lecture formulas Earning after tax 70,572