Financial Analysis Homework Unanswered Calculate the RETURN on ASSETS for Charles Chocolates for both years and enter below as a 10th of a percent, first 2010 and then followed by 2011 (separated by a semi-colon). Pay attention to the order of the years in the financial statements when listing your answers. You must enter your answer in the following format: xx.x%; yy.y% [For example: 18.9%; 13.2% (for demonstration only; these are not the answers) This example indicates that the ROA in 2010 is 10.3% and the ROA in 2011 is 12.8%.] Type your answer and submit Year Ended March 31 2011 2010 Sales $11,850,480 $11,991,558 Cost of sales Amortization of property and equipment Direct labour Direct materials Overhead 135,385 1,545,794 1,770,603 1,933,306 108,759 1,677,247 2,745,995 846, 186 5,385,088 5,378,187 6,465,392 6,613,371 Gross profit 664 1,610 Interest income 6,466,056 6,614,981 Expenses Interest on long term debt Selling and administrative 91,465 5,221,520 86,943 5,007,145 5,312,985 5,094,088 1,153,071 1,520,893 Earnings before income taxes 261,989 451,567 Income taxes $891,082 $1,069,326 Net ear ngs $4,748,611 4,381, 155 Retained earnings, beginning of year 891,081 1,069,326 (701,870) Net earnings Dividends $ 5,639,692 $4,748,611 Retained earnings, end of year Financial Analysis Homework Unanswered Calculate the RETURN on ASSETS for Charles Chocolates for both years and enter below as a 10th of a percent, first 2010 and then followed by 2011 (separated by a semi-colon). Pay attention to the order of the years in the financial statements when listing your answers. You must enter your answer in the following format: xx.x%; yy.y% [For example: 18.9%; 13.2% (for demonstration only; these are not the answers) This example indicates that the ROA in 2010 is 10.3% and the ROA in 2011 is 12.8%.] Type your answer and submit Year Ended March 31 2011 2010 Sales $11,850,480 $11,991,558 Cost of sales Amortization of property and equipment Direct labour Direct materials Overhead 135,385 1,545,794 1,770,603 1,933,306 108,759 1,677,247 2,745,995 846, 186 5,385,088 5,378,187 6,465,392 6,613,371 Gross profit 664 1,610 Interest income 6,466,056 6,614,981 Expenses Interest on long term debt Selling and administrative 91,465 5,221,520 86,943 5,007,145 5,312,985 5,094,088 1,153,071 1,520,893 Earnings before income taxes 261,989 451,567 Income taxes $891,082 $1,069,326 Net ear ngs $4,748,611 4,381, 155 Retained earnings, beginning of year 891,081 1,069,326 (701,870) Net earnings Dividends $ 5,639,692 $4,748,611 Retained earnings, end of year