File Home Insert Design Layout References Mailings Review View Help Cut Paste Copy Times 12 A A E - E AT BIU ab x x A A A 1 Heading 1 1 Heading 2 1 Heading 3 1 Heading 4 Heading 5 1 Heading 6 AaBbCcDd AaBbC AaBbCc AaBbCcl AaBbCc AaBbCc AaBbCcDc AaBbCcDc AaB AaBbCct AaBbCcDc 1 No Spac... Title Subtitle AaBbCcDe Subtle Em... Emphasis Normal Format Painter Clipboard Font Paragraph Styles QUESTION 1(c) [ 5 marks] Match Microsoft, Boeing, and Cathay Pacific to their respective 2019 Annual Reports. Provide justification for your selections. No calculations are required. Balance Sheet Structure (in percentage) Company Company Company A B Cash and securities 15 18 37 Accounts Receivable 10 4 18 Inventories 16 1 2 Other Current Assets 5 5 7 Fixed Assets 54 72 36 Total Assets 100 100 100 Short-term debt Accounts payable Accruals and others Long-term debt Other long-term liabilities Owners' equity Total Liabilities & Owners' Equity 100 1023228 1 0 5 5 42 17 33 13 0 19 21 13 15 43 49 100 100 Company Company Company Profitability Structure A B C ROTA = EBIT/Total Assets (%) 10 7 32 Margin = EBIT/Sales (%) 9 10 39 Total asset turnover = Sales/Total assets Leverage effect = Pretax ROE/ROTA 1.13 0.64 0.81 6.87 2.08 2.03 Pretax ROE = EBT/Owners' Equity (%) Tax effect = EAT/EBT = (1-Effective Tax Rate) 68 14 65 0.66 0.89 0.7 After Tax ROE = EAT/Owners' Equity (%) 45 12 45 > Share Comments Find Replace Select Dictate Editing Voice Activate Windows Go to Settings to activate Windows.