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3. Use this information for New Tech Company to answer the following question. You may or may not need to fill in missing information. 2010 100 50 2011 110 2012 120 52 NEW TECH COMPANY Income Statement Sales Cost of goods sold Depreciation General, sales & admin expenses Taxes Net Income 20 70 65 60 10 2010 2011 2012 40 45 60 55 60 Balance Sheet Current Assets Property, plant & equipment Total Assets Current Liabilities Long-Term Liabilities Equity Total Liabilities & Equity 40 40 40 10 50 35 15 50 50 INDUSTRY AVERAGE RATIOS 2010 CR (Current Ratio) 1.5 DR (Debt Ratio)=TL/TA 60% TAT (Total Asset 2 Turnover) PM (Profit Margin) 4% Sales Growth 3% Profit Growth 5% 2011 1.5 60% 2.2 2012 I 1 60% 2.5 5% 2.50% 25% 6% 3% 20% Which of the following items characterize New Tech Company? (It may be more than one option). EXPLAIN (and report your calculations) (20 points) 1. High debt & unprofitable 2. Low debt & unprofitable 3. Decreasing profit margin 4. High Asset Utilization Performance 5. Low Asset Utilization Performance 6. Increasing sales with a decreasing sales growth rate 7. 1, 3 and 5 characterize New Tech Company