Suppose you are given with the following financial statements. Analyze the performance of Ealance Sheet (in Millions) 814 1742 G 2005 Assets 2006 Cash 107 140 Accounts Receivable 270 294 Inventory 280 269 Marketable Securities 50 58 Total Current Assets 707 761 7 Plant, Building, and Equipments (net) 873 Investments in affiliates 221 245 3 Total Assets 1879 14 15 abilities No Accounts Payable 19/ 218 17 Notes Payable 53 50 18 Accrued Expenses 205 223 19. Current liabilities 455 20 long term Borrowings 562 588 221 22. Stockholders' Equity 725 S05 23 Total liabilities and equities 1742 1870 24 25 income Statement in millions) 2005 2006 26 2262 2540 2/Sales (1655) (1854) 28. Operating expenses 607 686 29. Operating income (212) (236) 30 Other (193) 31Ninterest Expense 192 182 22 Pretax income (41) (45) 33 Income Tax Expense 147 141 34 Net Income 35 36 Questions. Is this company doing well? How would you verify that? 26 37. Question 2: If the industrial average of total asset turnover is 2.4, what is your assessment for the perform 38 Sub (258)