The questions (a) through (g) refer to Five Star Manufacturing Company. Use the following information to solve for (a) and (b). Five Star Manufacturing Company Statement of Financial Position As of December 31, 20X4 P200,000 300,000 P500,000 20,000 Current Liabilities (10%) 30,000 Long-term liabilities (15%) 5,00 150,000 Total liabilities 200,000 P 400,000 Stockholders' equity 600,000 Total Liabilities and P1,000,000 Owners' equity P500,000 P1.000.000 Cash Marketable securities Accounts receivable Inventory Total current assets Net fixed assets Total assets During 20X4, the firm's earnings before interest and taxes were 20 percent of P800,000 in sales. The income tax rate is 34 percent. Tarowth 15 t. 66 8270 Required: Determine the level of working capital, net working capital and current 20- 5 JO ratio. b. Calculate the return on equity (net income/stockholders' equity). a. Ilse the foll