Case PACKARD INDUSTRIES INC. In 2013, the management committee of Packard Industries Inc. is considering investing $800,000 to purchase machinery and equipment to increase the productivity of 10 Scanned by CamScanner Ca 33 plant. In 2012, the company rewme was $2,800,000. goods purchased from supplies totalled 3600,000, and the profit for the year was $280,000. The company 2012 statement of financial position is follows Packard Industries Inc. Statement of Financial Position As at December 31, 2012 fin ) 300.000 00.000 20.000 720,000 1.720,000 Non- wa Inventories Trade receivables Cash and cashles Total current Total assets Epiry and Me Equity Share capital Retained earning Tocal equiry Long-term borrowing Curabilities Trade and other payables Short-term borrowing Total current liabilities Total liabilities Total equity and liabilities 200.000 700.000 900.000 500,000 170.000 150,000 320,000 120.000 1.720,000 In 2013, management expects revenue to increase by 10%. With cutbacks in different segments of their business activities, ROR is expected to improve to 12%. Cost of sales as a percentage of revenue is expected to improve and decline to 20% Management also expects improvements in the working capital accounts. The company's objective is to lower trade receivables to $370,000, with inventory level expected to reach $280,000. Questions 1. Calculate the company's return on total assets for 2012 2. How much cash will be provided by internal operations in 2013, in particular by the following? Retained earnings Inventories Trade receivables