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Part A: (6 marks) Selected comparative statement data for W Company are presented below. All balance sheet data are as of December 31 . Required:

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Part A: (6 marks) Selected comparative statement data for W Company are presented below. All balance sheet data are as of December 31 . Required: Compute the following ratios for 2021 : a. Profit margin. b. Total asset turnover. c. Return on ordinary shareholders' equity. Part B: (6 marks) The balance sheet for XYZ Corporation at the end of the current year indicates the following: - Bonds payable, 8%,$4,000,000 - 6% Preferred shares, $100 par, $1,000,000 - Ordinary shares, $10 par, $2,000,000 Profit before income taxes was $480,000 and income taxes expense for the current year amounted to $144,000. Cash dividends paid on ordinary shares were $300,000, and the ordinary shares were selling for $22 per share at the end of the year. Required: Determine each of the following by showing your calculations: a. times that bond interest was earned b. earnings per share for ordinary shares c. price-earnings ratio Part C: (8 marks) Following is information from ABC Company's most recent annual report: 1. Net income this year was $21 million. Last year's net income was $20 million. 2. The current ratio has changed to 2:1 from last year's 1.5:1 3. The debt/total assets ratio has changed to 4:5 from last year's 3:5 4. The company expanded its current truck fleet of 12 delivery vans by purchasing 10 new delivery vans. It is now the largest medical courier in the mid-Atlantic region. 5. Terms for all sales are 2/10,n/30. The receivables turnover this year was 11 times and last year was 10 times; while the average accounts receivable collection period were 33.2 days this year, an improvement over last year's 36.5 days. Required: In complete sentences, interpret and comment on each of the above 5 items by incorporating the information provided. Think carefully which piece of information is positive or negative for the company, and what has improved or what needs improvement

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