QUESTION 1 Use this information for questions 1 4 in this assignment. AEC Corporation has the following financial statements. All numbers are in SGD MM AEC Corporation Balance Sheet Assets Current assets 2014 2013 Liabtties and stockhokders CurentEabilies 2014 2013 Cash Accournts receivable rventories 21 29.9 29.4 61.5 24.6 24.2 50.6 Accounts payable Notes payble/short-tem debl Cument matuities of long-tern debt 8.0 64.0 20.0 921 30.0 20.0 566 Total curent assets Net property, plant and equ pment Total assets Total cument abiies 60.0 87.8 239.8 80.0 14.0 210.6 178.3 160.0 Longtem iabites Stockholders' Total iabities 239.8 210.6 2014 2013 176.0 214.0 Total sales Cost of sales Gross profit SGRA 160 140 352 (15.8) 53.5 (23.5) 28.8 17.2 13.8 aion and amotizabon 18.3 104 7.9 Operaing ncome terest Pretax ncome Taxes Net icome 6.3 0.50 Eamings per share 1.09 Using the beginning-of-year convention, calculate AEC's ROA for 2014, Give your answers in decimals-that is, if your answer is 3.4%, put down 0.0340. R ound your answer to nearest 4 decimal places