NFT Corporation 2018 Statement of comprehensive income ($ in millions) Sales $10,850 Costs of goods sold $8,410 Depreciation $190 EBIT $2,250 Interest $165 EBT $2,085 Taxes $710 Net income $1,375 Dividends paid $300 Addition to retained earnings $1,075 NFT Corporation Statement of financial position Years ended 2017 and 2018 ($ in millions) 2017 2018 2017 2018 Cash $980 $960 Accounts payable $950 $730 $40 $150 Accounts $950 $880 Notes payable rec. Inventory $2,120 $1,750 Total $990 $880 Total $5,050 $3,590 Long-term debt $2,225 $100 Fixed assets $1,700 $2,540 Common stock $2,030 $3,570 Retained earnings $505 $1,580 $5,750 $6,130 Total assets $5,750 $6,130 Total liabilities and Owners equity 2. Calculate the turnover ratios and comment on the performance of the company.(25 marks) 3. Calculate the leverage ratios and comment on the performance of the company (25 marks) 4. Calculate ROE according to Du Pont approach and explain the sources of ROE for the company.(25 marks)