Haver Industries is a leading consumer products company. The company's adapted comparative balance sheets and income statements (in $ millions) follow. Haver Industries Comparative Income Statements For the Years Ended December 31 2012 2016 2015 2014 2013 Net sales revenue $68,222 $56,741 $51,407 $43,377 $40,238 Cost of goods sold 33,125 27,872 25,076 22,141 20,989 Gross profit 35,097 21,236 28,869 26,331 19,249 Research & development expenses 2,075 1,940 1,802 1,665 Selling, general, & administrative expenses 14,702 12,052 19,773 16,460 11,718 (211) Nonoperating income (expense) 283 346 152 238 Interest expense 1,119 834 629 561 603 Income before taxes 12,413 9,981 9,350 7,530 6,383 Income taxes 3,058 3,729 2,869 2,344 2,031 Net income $8,684 $6,923 $6,481 $5,186 $4,352 Earnings per share $2.79 $1.80 $2.70 $2.34 $1.46 Dividends per share $1.03 $0.76 $1.15 $0.93 $0.82 Haver Industries Comparative Balance Sheets As of December 31 2014 Assets 2016 2015 2013 2012 Cash $6,693 $6,389 $4,232 $5,912 $3,427 Marketable securities 1,660 1,133 1,744 300 196 Receivables 4,062 3,038 5,725 4,185 3,090 Inventories 6,291 3,640 5,006 4,400 3,456 Other current assets 2,761 2,330 4,487 3,005 1,997 Total current assets 17,115 15,220 24,329 20,329 12,166 Property, plant, & equipment, net 18,770 14,332 14,108 13,104 13,349 Inventories 89,027 24,163 23,900 13,507 13,430 Deposits & other assets 2,703 3,569 1,925 1,875 1,831 $135,695 $61,527 $57,048 $43,706 $40,776 Total Assets Liabilities Notes payable $0 $0 $6,769 $1,079 $3,113 Accounts payable 4,910 3,802 3,617 2,795 2,205 Current long-term debt 1,518 2,128 11,441 1,093 n/a Accrued expense 2,925 2,606 4,757 2,957 2,429 Income taxes 3,360 2,265 2,554 1,879 1,438 Other current liabilities 4,574 2,906 3,519 4,830 4,764 Total current liabilities 19,985 25,039 22,147 12,358 12,704 Deferred charges 1,896 2,261 12,354 1,396 1,077 Long-term debt 35,344 11,475 12,614 12,302 11,201 Non-current capital leases 632 273 252 Other long-term liabilities 4,472 3,230 2,808 2,291 2,088 Total liabilities 27,520 72,787 43,052 39,770 27,070 Stockholders' Equity Common stock 3,976 2,977 2,544 1,297 1,301 Capital surplus 57,856 3,030 2,425 2,931 2,490 Retained earnings 35,666 31,004 13,611 13,692 11,980 Treasury stock (34,235) 17,194) 0 C (355) Other (1,342) (1,302) (1,734) (2,065) Total stockholders' equity 17,278 16,186 62,908 18,475 13,706 $135,695 $61,527 $57,048 $43,706 $40,776 Total Liabilities and Stockholders' Equity In his letters to shareholders in 2012, Haver's CEO stated that the company's goal for the next five years was to achieve 4% to 6% sales growth each year and at least 10% growth in earnings per share. Compute the sales and EPS growth? (Round answers to 1 decimal places, e.g. 52.7.) 2016 2015 2014 2013 Sales growth 20.2 10. % 18.5 7. EPS growth 30.0 3.3 15. 23.3 Click if you would like to Show Work for this question: Open Show Work LINK TO TEXT Attempts: 1 of 15 used (b1) X Your answer is incorrect. Try again Managing a broad collection of brands is challenging. In its 2012 annual report, Haver Industries stated that acquisitions and divestitures "are part of the Company's strategic focus on developing brands that offer the greatest potential for growth." The report went on, "This requires some difficult decisions, including a restructuring program to reduce overhead and streamline manufacturing processes." In other words, the company strives to use its assets to earn the greatest possible return. Compute the return on assets? (Round answers to 1 decimal places, e.g. 52.7.) 2016 2015 2014 2013 x Return on assets 8.8 11.7 8.97 % 12.3