Qs. Using the information in the Balance Sheet and Profit and Loss Statement below, calculate the following ratios and answer the questions (8 points in total) 20X2 Piura Manufacturing Comparative Balance Sheets For the Years Ended June 30, 20Xland 20X2 20X1 Assets Cash $72.000 Accounts receivable Inventory 64,000 Plant and equipment 104.000 Accumulated depreciation (52.000) Land 20.000 Totalanes 5252.000 Liabilities and equiry Accounts payable $ 32.000 Wages payable 4.000 Bonds payable 24.000 Preferred stock (no par 4,000 Common stock 30.000 Paid in capital in crew of par 50.000 Retained earning 108.000 Total liabilities and equiry $25.000 5146400 48.000 4.000 112.000 (48.000) 20.000 $322.600 $48.000 2.400 16.000 12.000 36.000 76.000 132.000 $322.400 Particulars December 31 2011 December 31 Net Sales Loss Cost of Goods Sold Gross Profit 1,70.000 105.000 65,000 1.90.400 1.20,000 70,400 20.400 15.000 + 5.400 - 12.00 (.) 14.30 Administrative Expenses 13.200 14,960 1760 1.000 3.000 40.800 43.800 4.000 41300 45,800 (-) 333 (25 2.000 Selling Expenses Advertisement Expenses Other Selling Expenses Total Selling Expenses Operating Expenses Operating Profit Other Incomes Other Expenses 57.000 3.760 60,760 9.640 8.000 20.5 6,400 9.200 2.800 6.800 4800 2000 H 29.4 Profit Before Tax 7.500 14.040 847 Income Tax 3.800 6.200 () 2.400 632 Profit After The 3,800 7.340 ( 4.00 1063 2) Calculate the following Profitability Ratios Return on Invested Capital (ROIC) ratio in year 1 Return on Invested Capital (ROIC) ratio in year 2 = Return on Owner's Equity (ROE) ratio in year 1= Return on Owner's Equity (ROE) ratio in year 2= Profit as Percentage of Sales ratio in year 1 = Profit as Percentage of Sales ratio in year 2 =