iral short questions (Total 65 points) The following questions concern Beta Inc. Read the questions carefully and answer the questions in the spaces provided. Question 1 (Total 10 points) Balance Sheet (in Millions, except for Per-Share Data) Year Ended 31 December Assets Current assets Cash Marketable securities Accounts receivable 2012 2011 325.0 350.0 100.0 78.0 745.0 711.0 846.0 780.0 Inventory Total current assets 2,016.0 1,919.0 Net fixed assets 3,012.0 2,889.0 Long-term financial assets 500.0 550.0 Total assets 5,528.0 5,358.0 Liabilities and shareholders' equity Current liabilities Short-term debt 350.0 380.0 Accounts payable 476.0 435.0 Wages payable Accrued expenses Total current liabilities Long-term debt 136.0 126.0 430.0 410.0 1,392.0 1,351.0 1,525.0 1,450.0 Common stock 525.0 525.0 Retained earnings 2,086.0 2,032.0 Total shareholders' equity Total liabilities and shareholders' equity 2,611.0 2,557.0 5,528.0 5,358.0 The above is Beta Inc.'s balance sheets in 2011 and 2012. Reorganize the balance sheets. Write down the intermediate steps that lead to your answer in the spaces provided. a) (4 points) Operating assets and operating liabilities in 2011 and 2012. b) (4 points) Financial obligations and financial assets in 2011 and 2012. c) (2 points) Complete the table below: Reorganized balance sheet Operating assets (-) Operating liabilities Net operating assets (NOA) Financial obligations (-) Financial assets Net financial obligations (NFO) Shareholders' equity (CSE) NFO+CSE 2012 2011