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Q1: Profit was $500,000 in 2010, $440,000 in 2011, and $548,000 in 2012. Compute the percentage change over the following years, rounding your answer to the nearest whole per cent. Enter a positive number for an increase and a negative number for a decrease. Percentage change from: (a) 2010 to 2011 % (b) 2011 to 2012 % Q2: Ratio Analysis Exercise E7 Marcus Ltd has the following comparative statement of financial position data. MARCUS Ltd Statement of Financial Position 31 December 2012 2011 Cash $ 15,000 $ 30,000 Receivables (net) 70,000 60,000 Inventories 60,000 50,000 Plant assets (net) 200,000 180,000 $345,000 $320,000 Accounts payable $ 40,000 $ 60,000 Mortgage payable (15%) 100,000 100,000 Common stock, $10 par 140,000 120,000 Retained earnings 65,000 40,000 $345,000 $320,000 Additional information for 2012: 1. Income was $25,000. 2. Sales on account were $450,000. Sales returns and allowances were $20,000. 3. Cost of sales was $228,000. 4. The allowance for doubtful accounts was $2,500 on 31 December 2012, and $2,000 on 31 December 2011. Instructions Compute the following ratios at 31 December 2012. In each case round your answer to one decimal place. (If your ratio is 2.66:1 then enter 2.7). (a) Current. (b) Acidtest. (c) Receivables turnover. Inventory turnover. (d) Q3: Selected comparative statement data for Crimson Tide Products are presented below. All statement of financial position data are as of 31 December. 2012 Net sales $880,000 $ 720,000 Cost of sales 480,000 440,000 Interest expense 7,000 5,000 Profit before tax 2011 85,714 60,000 60,000 42,000 Profit Accounts receivables 120,000 100,000 Inventory 85,000 75,000 Total assets 580,000 500,000 Total equity 430,000 325,000 Instructions Compute the following ratios for 2012. Round your answer to one decimal place. (a) Profit margin in %. (b) Asset turnover. (c) Return on assets in %. (d) Return on common equity in %