2 AaBbCcDd AaBbCcDd AaBbCc AaBbCcD AaB AaBbCcD AaBbCc0d T Copy Find :0...Normal 1 No Spac Heading! -Heading 2 Replace Format Painter Title Subtitle Subtle Em... Styles Table 4.7 Moderately Large Corporation Consoidsed Statement of Earnings Consoldatesd Statement of Earnings in thousands, except earning per share) Horizontal Fiscal year ended Dec 31, 2013 Dec 31, 2012 Dec. 31, 2011 2011-12 Net revenues Cash Sales Creat Sales 2,888 2.751 6.048 B,935 1500% 1395% 182596 9 10% 5,258 8,009 4,572 7.028 Total Net Rrvenues Cost of Sales 5381 440 3,574 725 3,303 Gross Profit 3, 604 Salaries nsurance Depreciation General and administrative expenses 1,258 1,183 116 93 122 361 1687 25.00% 11.11% 32 60% 1338% 464% 0.00% 479 1,913 2,052 1,522 10 Sublotal operating expenses Operating income Interest expense 1690 588 467% 467% Earrings before ncorre taxes 1,512 Incoe taxes 562 Net Eamings Per Comon Share 31 030 467% Net Earnings Basic Net Earnings Diluted 0 28 0.27 Weighted awerage shares outstanding 3,500 4,000 3,500 4,000 00 000% 4,000 000% 3. Given the income statement for the MI.C (Table 4 7 and balance sheet (Table 4-4), answer the following: Calculate the following ratios for 2013: operating profit margin, net profit margin, operating return on assets, net return on assets, and return on equity Times New Roman . 10 . A. A. Aa-Ap :-----AaBbCcDd Aa C AaBbCcD AaB AaBbCcD AaBbCcDd 1 Normal 1 No Spac... Heading 1 Heading2 Tide Subtide Subtle Em. Font Paragraph Styles Basic Diluted 3,500 4,000 3,500 4,000 3.500 4,000 0.00% 000% 3. Given the income statement for the MLC (Table 4-7) and balance sheet (Table 4.4), answer the following: Calculate the following ratios for 2013: operating profit margin, net profit margin, operating return on assets, net return on assets, and return on equity a. Ratio 2013 Operating profit margin - Net profit margin Operating return on assets Net return on assets- Return on equity b.In a written explanation, describe what each of these ratios means and the impact on MIC Operating profit margin Net profit margin Operating profit margin- Net profit margin - Operating return on assets- Net return on assets- Return on equity- b.In a written explanation, describe what each of these ratios means and the impact on MIC Operating profit margin Net profit margin 4. Operating return on assets Net return on assets Return on equity c. In a brief paragraph, describe the overall profitability of the MILC. Identify your concerns. Rubric: 50 points Points Score Item