There are 3 questions in the attachment. I need the following ratios completed for Local GAAP and US GAAP. Information is in attachment

Current Ratio

Total Asset Turnover

Profit Margin

Return on Equity

Debt/Equity Ratio

Operating Profit Margin

Question 17 1. Please find below the worksheets in Exhibit 10.12 and 10.13 in which the financial statements of Arcot Company have been restated to U.S. GAAP. Required: Calculate each of the ratios listed below using (1) the Local GAAP amounts in Column 1, and (2) the U.S. GAAP amounts in Column 4. Round to 3 decimal places. Ratio Current ratio Total asset turnover Local GAAP U.S. GAAP Blank 1 Blank 2 Blank 3 Blank 4 ARCOT COMPANY Worksheet for Restatement of Income and Retained Earnings to U.S. GAAP for the Year Ended December 31, Year 3 (1) (2) (3) (4) Reconciling Adjustments (Millions of Crowns) Local GAAP Debit Credit U.S. GAAP Sales 9,148 9,148 Cost of goods sold (5,163) 169 (1) (4,994) Gross profit 3,985 4,154 Operating expenses (453) 22 (4) 40 (2) (350) 5 (3) 14 (4) 3 (6) 73 (7) Operating income 3,532 3,804 Interest expense (156) (156) Other income(expense), net 132 124 (5) (41) 49 (8) Income before income taxes 3,508 3,607 Provision for income taxes (1,052) 29 (11) (1,081) Net income 2,456 2,526 Retained earnings, January 1 4,276 34 (4) 19 (1) 24 (6) 40 (2) 70 (8) 24 (3) 13 (11) Dividends Retained earnings, December 31 340 6,392 340 (10) 0 6,770 ARCOT COMPANY Worksheet for the Restatement of Balance Sheet to U.S. GAAP for the Year Ended December 31, Year 3 (Millions of Crowns) Cash (1) (2) (3) Reconciling Adjustments Loca l De Cre GAA bit dit P 1,70 4 (4) U.S. GAA P 1,70 4 Accounts receivable Inventories Total current assets Property, plant, and equipment, net Long-term investments Deferred charges Total assets Accounts payable Accrued expenses Short-term debt Dividends payable Other current liabilities Total current liabilities Long-term debt Deferred income taxes Other long-term liabilities Total liabilities Capital Capital surplus Retained earnings Revaluation reserve Unrealized gains (losses) Treasury stock Total stockholders' equity Total liabilities and stockholders' equity 2,79 8 5,27 18 (1) 6 8 9,77 8 2,79 8 5,46 4 9,96 6 11,8 11,9 19(3) 120(2) 07 85 21(6) 1,30 1,24 62(9) 5 3 436 42(4) 394 23,3 23,2 26 88 745 1,59 1 100 340 745 1,59 1 100 34 (1 0 0) 204 2,98 0 62(5) 266 2,70 2 5,00 0 5,00 0 161 16 (1 177 1) 1,00 73(7) 62(5) 996 7 9,14 8,87 8 5 150 8,05 5 6,39 2 200 150 8,05 5 6,77 0 20 (2) 0 (119 119(8) ) (500 (562 62(9) ) ) 14,1 14,4 78 13 23,3 23,2 26 88 Question 18 Please find below the worksheets in Exhibit 10.12 and 10.13 in which the financial statements of Arcot Company have been restated to U.S. GAAP. Required: Calculate each of the ratios listed below using (1) the Local GAAP amounts in Column 1, and (2) the U.S. GAAP amounts in Column 4. Round to 3 decimal places. Ratio Profit margin Return on equity Local GAAP U.S. GAAP Blank 1 Blank 2 Blank 3 Blank 4 ARCOT COMPANY Worksheet for Restatement of Income and Retained Earnings to U.S. GAAP for the Year Ended December 31, Year 3 (1) (2) (3) Reconciling Adjustments (Millions of Crowns) Local GAAP Debit Credit Sales 9,148 Cost of goods sold (5,163) 169 (1) Gross profit 3,985 Operating expenses (453) 22 (4) 40 (2) 5 (3) 14 (4) 3 (6) 73 (7) Operating income 3,532 Interest expense (156) Other income(expense), net 132 124 (5) 49 (8) Income before income taxes 3,508 Provision for income taxes (1,052) 29 (11) Net income 2,456 Retained earnings, January 1 4,276 34 (4) 19 (1) 24 (6) 40 (2) 70 (8) 24 (3) 13 (11) Dividends Retained earnings, December 31 340 6,392 ARCOT COMPANY Worksheet for the Restatement of Balance Sheet to U.S. GAAP for the Year Ended December 31, Year 3 (1) (Millions of Crowns) Cash Accounts receivable Inventories 340 (10) Local GAAP 1,704 2,798 5,276 (2) (3) Reconciling Adjustments Debit Credit 188 (1)