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Refer to the following table and additional income statement data: TARNI COMPANY Balance Sheet As of December 31 ASSETS Cash Accounts receivable Inventory Net plant

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Refer to the following table and additional income statement data: TARNI COMPANY Balance Sheet As of December 31 ASSETS Cash Accounts receivable Inventory Net plant and equipment Total assets $50,000 100.000 200,000 650.000 51,000,000 LIABILITIES AND STOCKHOLDERS' EQUITY Accounts payable Accrued expenses Long-term debt Common stock Paid-in capital Retained earnings Total liabilities and stockholders' equity $100,000 90,000 250.000 100,000 50,000 410.000 $1,000,000 Sales (all on credit) Earnings before taxes (EBT) Net income $2,000,000 $125,000 $75,000 Marni's return on assets, return on equity, and after-tax profit margin are: 7.5%; 13.39%; 3.75% 7.5%, 75%; 3.75% 07.5%, 50%, 3.75% 12.5%; 22.32%; 3.75%

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