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92) Consider the financial statement of Kmart given in the table below. Kmart Income Statement 2010 2009 Net operating revenues 612400 606600 Cost of goods sold 457000 456100 Gross Profit 155.000 150500 Selling general and administrative expenses 119500 116300 Operating income 36000 34200 Interest expense 3100 3300 Other income Closs)-net 300 500 Income before taxes 33100 31400 income taxes 10800 10800 Other expenses 600 Net Income 21600 20100 2010 2009 31000 PL 11900 Balance Sheet Assets Cash and cash equivalents Short term investments Net receivables Inventories Total current assets Property, plant and equipment Goodwill Other assets Total assets 6300 5900 49800 51800 72500 73500 153500 143500 24200 22900 6000 5400 256100 245200 Liabilities and Stockholder Equity Accounts payable Short-term det Other current ability Total current liability Long-term debt Other labilities Total liabilities Stockholder equity 2010 2009 75900 71500 7400 11500 200 200 83400 71500 54700 51900 11600 11800 149500146700 7900 4100 A (20 points) Calculate the financial ratios of Kmart in 2010 Financial Ratio Formula 2010 2009 1. Return on Equity (ROE) 4.90 2. Return on Asset (ROA) 008 21.13% 3. Percentage of assets invested in inventory (PH) 4. Inventory Turnover (INT)) tries 8.81 Rer 5. Days of inventory (01) 41.45 6. Days sales outstanding (DSO) 3.55 pen 7. Days purchases outstanding (DPO) 8. Cash-to-cash Cycle (C2C) 57.22 gth: erc -12 22 per B. (5 points) Analyze the change between the years 2009 and 2010 in terms of financial ratios. Which financial ratios would you check to evaluate the performance of Inventory management and cash management? Which year is better in terms of inventory management and cash management? 3 at 2