Selected information from the financial statement of Good Lumber Limited includes the following.

Unit: millions

	2013	2012	2011	2010
Sales	$ 600	$ 500	$ 450	$ 400
Cost of goods sold	320	300	150	150
Gross profit	280	200	300	250
Expense	100	100	150	50
Profit	$ 180	$ 100	$ 150	$ 200

Instructions:

a. computes the dollar and percentage changes of 2013 (5 Marks)

b. compute trend percentages of the sales item by taking 2010 as the based-year (5 Marks)

c. compute component percentages of 2013 and 2012(10 Marks)

If the company has the ending balance of the assets as of 2013, $ 2,250 million, and equity $ 1,600 million, please answer following questions.

c. compute the company return on assets ratio (ROA) for 2013 year-end (5 Marks)

d. compute the company return on equity ratio (ROE) for 2013 year-end (5 Marks)

QUESTION 3 (30 Marks) Selected information from the financial statement of Good Lumber Limited includes the following Unit: millions 2011 2010 2013 2012 Sales $ 600 $ 500 $ 450 $ 400 Cost of goods sold 320 300 150 150 Gross profit 280 200 300 250 Expense 100 100 150 50 Profit $ 180 $ 100 $ 150 $ 200 Instructions: a. computes the dollar and percentage changes of 2013 (5 Marks) b. compute trend percentages of the sales item by taking 2010 as the based-year (5 Marks) C. compute component percentages of 2013 and 2012 (10 Marks) If the company has the ending balance of the assets as of 2013, $2,250 million, and equity $ 1,600 million, please answer following questions. c. compute the company return on assets ratio (ROA) for 2013 year-end (5 Marks) d. compute the company return on equity ratio (ROE) for 2013 year-end