Income Statement (Dollars In Millions) This Year HI $9,411 3,999 $5,412 Sales Cost of Goods Sold Gross Margin Selling and Administrative Expenses: Store Operating Expenses Other Operating Expenses Depreciation and Amortization General and Administrative Expenses Total selling and Administrative Expenses Net Operating Income Plus: Interest and other Income Interest expense Net Income before taxes Income Taxes (about 36%) Net Income 1 - Compute the return on total assets. $3,216 $294 $467 $489 $4,466 $946 $110 $0 $1,056 $384 $672 a - 34% b - 79% C- 13.8% d - 86% C- 13.8% d-86% 2 - Compute the return on equity. a - 98% b - 29.8% C -66% d -74% 3- Compute the current ratlo. a -0.01 b-0.79 C -0.03 d - 0.06 Mulligan Corporation Comparative Balance Sheet (dollars In MI Hons) This Year Last Year Assets Current Assets: Cash Marketable Securities Account Receivable Inventories Other Current Assets Total Current Assets Property & Equipment, net Other Assets Total Assets $281 157 288 692 278 1,696 2,890 758 5,344 $313 141 224 636 216 1,530 2,288 611 4,429 Habilities and Stockholders' Equity Current Labllities: Accounts Payable Short-term bank loans Accrued Liabilities Other Current Liabilities Total Current Liabilities Long-term Liabilities Total Liabilities Stockholder' Equity: Common Stock and additional Paid in Capital Retained Earnings Total Stockholders' equity Total Liabilities and Stockholders' equity $391 710 757 298 $2,156 904 $341 700 662 233 $1,936 265 $3,060 $2,201 $40 2244 2284 $5,344 $40 2188 2228 $4,429