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income statement

balance sheet

P4-31 (similar to Financial statement analysis) The annual sales for Sale Inc. were 5461 milion last year. The firm's end-of-year balance sheet was as follows: I Salco's income statement for the year was as follows 2. Calcutate Sacos total asset tumover operating profit margin, and operating return on assets 5. Saco plans to renovabe one of its plants and the renovation will require an added investment in plant and equipment of $107 million. The firm will maintain its present debt ratio of 50 percent when financing the new investment and expects sales to remain constant. The operating profit margin will rise to 13.1 percent. What will be the new operating return on assets atie, net operating income-sets for Sale after the plants renovation? c. Given that the plant renovation in part (b) occurs and Salco's interest expensenses by $47.000 per year, what will be the returneamed on the common stockholders Investment? Compare this rate of fun with that eated before the renovation Based on this comparison, did the renovation have a favorable effect on the profitability of the firm? a. Cacute acest asset tumover operating profit margin and operating return on assets The company's total asset tunover ses Round to two decimal places) Data Table 1 Current assets Net fixed assets Total Assets 5500,000 Liabilities 1.517 000 Owners' equity $2 017 000 Total $1.008,500 1.008,500 $2.017 000 Enter your answer in the answer box and then click Check Answer party a Table Sales Less: Cost of goods sold Gross profit Less: Operating expenses Net operating income Lees: Interest expense Earnings before taxes Less: Taxes (35%) Net income $4,610,000 (3,502,000) $1,108,000 (496.000) $612.000 (98,000) $514.000 (179.900) $334. 100 Current assets Net fixed assets Total Assets $500,000 Liabilities 1,517 000 Owners' equity $2017 000 Total $1,008,500 1,008,500 $2,017 000