Question 3 The following table gives abbreviated balance sheets and income statements for Tels. Company. Calculate the following: a. Return on assets b. Operating profit

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Question 3 The following table gives abbreviated balance sheets and income statements for Tels. Company. Calculate the following: a. Return on assets b. Operating profit margin c. Sales to assets ratio d. Inventory turnover e. Debt-equity ratio f. Working capital LIABILITIES AND EQUITY Current liabilities ASSETS Current assets: Cash and marketable securities Accounts receivable Inventories Other current assets Total current assets Accounts payable Other current liabilities 2.581 914 2.121 1.090 1.255 328 4.793 3.495 Fixed assets: Net fixed assets Other long term assets Total current fixed assets 2.353 Total current liabilities Liabilities and shareholder's Equity Long term debt Other long term liabilities Total liabilities Total shareholder's equity 4.047 3.524 7.570 WORKING CAPITAL 453 2.806 6.063 CA CL WC TOTAL ASSETS 12.364 TOTAL LIABILITIES 12.364 INCOME STATEMENT 18.915 7.888 6.503 817 3.708 74 Net Sales Cost of goods sold Selling.general and adminis exp Depreciation Earnings before interest and tax (EBIT) Interest expense Taxable income Tax Net income Dividends Addition to retain earnings Points: 30% 3.634 1.272 2.362 591 1.772

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