. D Use the financial statements data for the Ble-Wich-Us Corporation provided in Problem above to make the following calculations A. Calculate the operating return on assets Account Operature in B. Determine the effective interest rate peld on the long-term debt Account Leventeest Rate C. Caleate the NOPAY margin. How does this compare with the results for the net profit margin? Did the owners benefit from the use of interest-bearing fong-term debe? Account Tax Rate NOMAT Man Netat Margn blanation ace Jx . Bule-With-Us Corporation, a specialty bicycle parts replacement venture, was started last year by two former professional bicycle riders who had substantial competitive racing experience including compering in the Tour de France. The two entrepreneurs borrowed $50,000 from members of their familles and each put up $30,000 in equity capital. Retail space was rented and $60,000 was spent for fixtures and store equipment. Following are the abbreviated Income statement and balance sheet information for the Bike-With-Us Corporation after one complete year of operation BIKE-WITH-US CORPORATION Sales Operating Costs Depreciation Interest Taxes 325,000 285,000 10,000 5,000 6,000 Cash Receivables Inventories Fixed Assets, Net Payables Accruals Long-Term Loan Common Equity 1,000 30,000 50,000 50,000 11,000 10,000 50,000 60,000 A. Prepare an income statement and a balance sheet for the Bi-With-Lis Corporation using only the information provided above Account Amount Sales Les operating La decision Operating Prot Les hotel 3.25.000 285.000 10.000 30,000 5000 28.000 5.000 ac fx B C D E F G BIKE-WITH-US CORPORATION Sales Operating Costs Depreciation Interest Taxes 325,000 285,000 10,000 5,000 6,000 Cash Receivables Inventories Fixed Assets, Net Payables Accruals Long-Term Loan Common Equity 1,000 30,000 50,000 50,000 11,000 10,000 50,000 60,000 A Prepare an income statement and a balance sheet for the Bike-With-Us Corporation provided above Account Amount Income Statement Sales 3,25,000 OC 5-3 and 5.4 ac