Financial Analysis The income statement for the All-In Bicycle Company,a producer of consumer bicycles, is shown below. All-In has total assets of $850 thousand and its owner's equity is 5645 thousand Consolidated Earmiegs and Retained Earnings Year Enled December Net sales Cost of goods sold Gross prodit Total operating expenses expense Ieterest expense Net incomme before taxes Federal taxes Net Income Net eannings per share $1,285.000 301,000 $145,000 $151,000 517,200 $133,800 52.94 Cakulate the following peofitability atios: peoft margin on assets, and return oe investment Assume that the industry averages for these ratios are as follows: peof margin, 12 percent; return on assets, 18 percent and retum on equity, 25 percem. Evaluate A-In's proditability relative to the industry averages Homework Assignment # 2 Due Date: 11/15/18 Student Name: Date: Salonit your answers through Moodle (Show the equation used and the step by step calculatien precess) 1. peofit margin on assets 3. return on investment 5. Based on your calculation of the profit margin, how would you evaluate the cost controls at All-In versus the industry? What does that mean for the Managers running the company? 6. List an example of an asset, and of a liability (one of each), that might be shown as line items on All-In's balance sheet? Indicate whether the items listed are current, fixed, or long-term. PC.COLLAGE