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Question 3 1 pts Using the financial statements in the fsa_assignment.xlsx file on canvas, compute the firm's return on invested capital (ROIC). Round your final

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Question 3 1 pts Using the financial statements in the fsa_assignment.xlsx" file on canvas, compute the firm's return on invested capital (ROIC). Round your final answer to two decimals. Question 4 1 pts Using the financial statements in the fsa_assignment.xlsx" file on canvas, compute the firm's debt-to- assets ratio. Round your final answer to two decimals. Assumptions Corporate tax rate 21% Income Statement Sales Cost of goods sold Gross margin Sales, general, and administraive expense Depreciation expense EBIT Interest Expense EBT Taxes Earnings 1,000 500 500 100 200 200 50 150 31.5 118.5 Balance Sheet Cash Accounts receivable Inventory Total Current Assets 300 Accounts payable 500 Current portion of Long-term-debt 200 Short-term debt 1,000 Total current liabilities 500 100 100 700 500 1,200 Property, plant, and equipment Accumulated depreciation Net property, plant and equipment Long-term debt 1,000 Total liabilities 400 600 Common stock at par value Additional paid in capital Retained earnings Total shareholders' equity 50 250 100 400 Total assets 1,600 Total liabilities and shareholders' equity 1,600

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