Description The following balance sheets and income statements are for HP, a manufacturer of small electronic devices, including calculators, personal digital assistants and mp3 players. For purposes of these questions assume that the company has an effective tax rate of 35% L.LAILITIES (S in thousauds) Total Liab. \& Equity \$4.789.280 $4.360.850$4.211.530 INCOME STATEMENTS ( S in thousands) INCOME STATEMENTS (S in thousands) Fiscal year ead Net sales Cost of Goods Sold Gross profit 2011114555008.026.4503,429,0502010110821007,940,0653,142,035 Selling. general \& admin. Exp. Income before deprec. k amort. Depreciation \& amortization Interest expense 1.836.4001,592,6501.789,2001,352,835 Income before tax Provision for income taxe5 785.25046.195757,25043.340 Minority interest 761,205157,7250552,245112,2900 Net income 603,480 439.255 Use the above information, calculate the following ratios and choose the closest answer: Rate of return on assets (ROA) for 2011 14.98% 16.02% 11.70% 13.75% QUESTION 2 Profit margin for ROA for 2010 ? 6.10% 3.10% 4.22% 5.42% Inventory turnover ratio for 2011? 3.90 6.24 4.1 2.89 QUESTION 4 Return on common shareholders' equity (ROCE) for 2011? 41.09 42.16 44.81 40.16 Earnings per share (EPS) for 2011 0.64 3.10 1.69 2.80