Joy Thomas, the supply chain analyst at York Toys Inc., is tasked to provide his Boss, Andrew Hall with a financial analysis of the company. Details of the company's operations for the year ending 2021 are provided in an excel file (click here for detailsDownload click here for details).

Based on your expertise, develop the following:

[4 pts] Balance sheet

[5 pts] Income statement

Using the results from the balance sheet and income statement, you are required to determine the following:

[2 pts] Return on Assets

[2 pts] Annual Inventory Turns

[2 pts] Transportation as a % of Sales

[2 pts] Profit Margin

[3 pts] Based on your understanding of the ratios' provide three recommendations to increase the return on assets within the context of this problem.

Sales revenue	$3,500,000
Transportation cost	$350,000
Warehousing cost	$500,000
Inventory carrying cost (% of average inventory value)	20%
Cost of goods sold	$1,000,000
Other operating expenses	$150,000
Accounts receivables	$500,000
Cash reserves	$1,250,000
Net Fixed Assets (building, factory, warehouse)	$5,000,000
Interest on long-term debts	10%
Taxes (@25%) *	$1,250,000
Accounts payables	$2,000,000
Long term debt	$1,000,000
Ending inventory	$200,000
Beginning inventory	$750,000