Show all work. Place a box around the final answer(s). 1. Given the balance sheet and income statement from Intel shown on Table P2.5, determine the following. a. Sales for 2013 b. Working capital for 2013. C. Average inventory balance over the two years. 2. From the balance sheet and income statement on Table P2.5, determine the following. a. Debt ratio. b. Current ratio. C. Inventory turnover ratio. 3. Briefly describe the difference between a balance sheet and an income statement. How do they help assess the health of a company? 4. If $500 is deposited now in a bank account that pays 7% interest compounded annually, how much will it be worth after 10 years? Problems 81 TABLE P2.5 Financial Statements for Intel Co. BALANCE SHEET Period Ending Dec 28, 2013 Cash And Cash Equivalents $ 5,674,000 Short Term Investments 14,413,000 Net Receivables 6,176,000 Inventory 4,172,000 Other Current Assets 1,649,000 Total Current Assets $ 32,084,000 Long Term Investments 7,694,000 Property Plant and Equipment 31,428,000 Goodwill 10,513,000 Intangible Assets 5,150,000 Other Assets 5,489,000 Total Assets $ 92,358,000 Accounts Payable 11,191,000 Short/Current Long Term Debt 281.000 Other Current Liabilities 2,096,000 Total Current Liabilities $ 13,568,000 Long Term Debt 13,165,000 Other Liabilities 2.972,000 Deferred Long Term Liability Charges 4,397,000 Total Liabilities $ 34,102,000 Common Stock 21,536,000 Retained Earnings 35,477,000 Other Stockholder Equity 1,243.000 Total Stockholder Equity $ 58,256,000 Total Liabilities and Stockholders' Equity $92,358,000 Income Statement Total Revenue $170,910,000 Cost of Revenue 106,606,000 Gross Profit $ 64,304,000 Research Development 4,475,000 Selling General and Administrative 10,830,000 Operating Income or Loss $ 48,999,000 Dec 29, 2012 $ 8,478,000 9,684,000 5,950,000 4,734,000 2,512,000 $ 31,358,000 4,917,000 27,983,000 9,710,000 6,235,000 4,148,000 $ 84,351,000 10,654,000 312.000 1,932,000 $ 12,898,000 13,136,000 3,702,000 3,412,000 $ 33,148,000 19,464,000 32,138,000 (399,000) $ 51,203,000 $ 84,351,000 $156,508,000 87.846,000 $ 68,662,000 3,381,000 10,040,000 $ 55,241,000 (continued)