please answer all parts

Homework: 4-2 MyFinanceLab Assignment Score: 0 of 5 pts P4-31 (similar to) 411 of 12 (10 complele) (Financial statement analys s The annual sales for Salco,inc were S4 62 million last year The finis endof year balance shoet was ast Saloshame-hh ws -"wm a. Calculate Salco's total asset turnover, operating profit margin, and operating return on assets b. Salco plans to renovate one of its plants and the renovation will require an added investment in plant and equipment of $1.01 million. The firm vwill mantain presentte a 50 ecant and expects sales to remain constant The operating profit margin will rise to 13.6 percent What will be the new operaling retun on assets ratio (Le, net operating . Given that the plant renovation in part (b occurs and Salco interest expense rises by S 3000 per year, what wil be he m before the renovation. Based on this comparison, did the renovation have a favorable effect on the profitabity of the fim? ncoe talo eaned on the common stacholders n Compan th ste dnt a. Calculate Salco's total asset turnover, operating profit margin, and operating return on assets The company's total asset turnover is times. (Round to two decimal places) All Enter your answer in the answer box and then click Check Answer remaining N Score es for Salco, Inc. were $4.62 million last year. The firm's end of year balance sheet was as flows g profit margin, and operating return on assets renovation will require an added investment in plant and equipment of $1,01 million. The fern vill mairtain sr ating profit margin will rise to 13.6 percent. What will be the new operating return on assets ratio (ie, net rs and Salco's interest expense rises by $53,000 per year, what will be the return earned on the common stockholders investment? Compare thie rae did the renovation have a favorable effect on the profitability of the firm? Salas i n esta enit, n-ar E h operating income-total assts for Salco afe the glan of rehun w 6 Data Table $501,000 Liabilities Current assets 995,500 1,490,000 Owners' equity Net fixed assets $1.991.000 $1,991,000 Total Total Assets Print Done r Cherk Answer Score: 66 50% 33: ) The annual sales for Salco, Inc. were $4.62 million last year The firm's end-of-year balance sheet was Questor) t turnover, operating profit margin, and operating return on assets of its plants and the renovation will require an added investment in plant and equipment of $1.01 million. The irm will maintain its present debt ratio of 50 pescent when feancing the n nstant. The operating profit margin will rise to 13.6 percent. What will be the new operating return on assets ratio (ie, net operating income- total asats) for Salka after the glants on ion in part (b) occurs and Salco's interest expense rises by $53,000 per year, what will be the return eamed on the common stockholderns Iinvestme n this comparison, did the renovation have a favorable effect on the profitability of the firm? as follows EEB Saleo's income tatment for the year was as felloars Compare this rate of reurn with t turnover, operating profit margin, and Data Table times. (Round to two decin over is $4620,000 (3,505,000) Sales Less: Cost of goods sold Gross proft $1,115,000 (500,000) Less: Operating expenses Net operating income Less: Interest expense Earnings before taxes Less: Taxes (35%) $615,000 (109,000) $506,000 (177.100) $328,900 Net income wer box and then click Check Answe Print Done Address