Refer (rather than return used in the first printing) to the financial statements data provided below for Safety-First, Inc.
SAFETY-FIRST, INC.

A. Calculate the net profit margin, the sales-to-total-assets ratio, and the equity multiplier for both 2012 and 2013 using year-end (rather than average) balance sheet data.
B. Use the results from Part A to calculate the venture's return on equity in each year.
C. Describe what happened in terms of the financial performance of the Safety-First, Inc. between 2012 and 2013.

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Income Statements (in $ Thousands 2013 3,7504,500 2.250 2,700 1,5001,800 860 40 900 300 600 2012 Net sales Cost of goods sold Gross profit Operating expenses Interest Income before taxes Income taxes Net income 670 30 800 250 550 Balance Sheets (in S Thousands) 2013 150 800 1.450 2,000 2,350 2,950 2,000 2,800 -950 1.250 1550 3,4004,500 2012 400 500 Cash Accounts receivable Inventories Total current assets Gross fixed assets Less accumulated depreciation Net fixed assets 1.050 Total assets 300 150 Accounts payable 250 Accrued liabilities Total current liabilities Long-term debt Common stock Retained earnings 800 150 850 1,100 1,850 2,450 3,4004,500 550 150 Total liabilities and equity