Worksheet 1 (10 points). MKTG 414 Retail Management Class Exercise US Corporation Balance sheet 2019 (In Millions) Assets Liabilities and Capital Current Assets Current liabilities Cash 104 Account payable '3 232 Account Receivable 455 Notes Payable M Inventory Q Total 428 Total $1,1 12 Fixed Assets_ Long Term Debt 408 Net Plant and Equipment $1,644 Owners equity Common Stock 600 Retained Earnings 1 320 Total Assets $2 756 Total L&C $2756 US Comoration Income Statement 2019 (In millions! Net Sales $1,500 Cost of Goods Sold $ 750 Operating expenses $ 625 Net prot before taxes 55 125 Taxes 39 25 Net prot after tax $ 100 Based on the information given above Calculate Net prot margin (in %) (1.5 points) Asset Turnover (1.5 points) Return on Assets (in %) (1.5 points) Gross prot (1.5 points) Gross margin (in %) (1 point) Operating expense (in %) (1.5 points) Inventory turnover ( 1.5 points) 7499:\"?!9