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Use the following financial information to answer this question. 10 Balance Sheets as of December 31, 2009 and 2010 2009 2010 2009 2010 Assets Liabilities

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Use the following financial information to answer this question. 10 Balance Sheets as of December 31, 2009 and 2010 2009 2010 2009 2010 Assets Liabilities and Owners' Equity $ 620 $ 440 Accounts $1.250 1.620 payable 340 380 Notes payable 800 600 Cash Accounts receivable Inventory 1.360 2410 3.200 Net fixed assets 5.200 1.420 Long-term debt 6.100 Common stock Retained earnings $8.340 Total liabilities and owners' equity 1.200 1860 1.500 1420 Total anets $7.520 $7.520 $8.340 2010 Income Statement Sales Cost of goods sold Depreciation $8.200 5.600 280 Tones mis pattern Stop shine 2010 Income Statement Sales Cost of goods sold Depreciation Interest Taxes Net income $8.200 5,600 620 280 480 $1.220 Required 3. What are the values of the three components of the DuPont identity for 2010?[ 3 Marks) b. Calculate the Assets Turnover Ratios and long-tern solvency ratios and comment on those ratios. [ 3+1+3+1 = 8 Marks)

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