Below please find simplified financial statements for Judd Enterprises, both recent (2018) and projected (2019). All numbers are in millions $000,000s. 16. Desse TRANSER ANSWERS to back For 2018, calculate the extended DuPonte decompose Judd's ROE. Compare your values to Judd's industry averages shown below. 2019 1,000 Industry avere PM15% TAT 0.95 700 Income statements 2018 Sales 900 Costs 650 Profit before tak 75 Net income 175 Dividends 52.5 1.90 250 300 90 210 Put an "X" in the correct boxes below to complete the following sentence Judd's shareholders are the average industry shareholders due to a marked difference in Select one for the first blank: Underperforming Current assets Net fixed assets Balance sheets 2018 2019 100 115 Current liabilities Long-term 900 1,080 debt Common stock Retained earnings 2018 2019 7081 400 Outperforming 300 Select one for the second blank: N Operating Efficiency 230 D Asset Use Efficiency Refer to Judd Enterprises financial statements above for problems 13-16. O Capital Structure 13. What are Judd's 2018 current ratio and debt ratio? 17. A seafood restaurant, Frying Nemo, is considering an investment project with the following cash flows: Use box on last page Year 0 14. What is Judd's projected retained earnings under this plan? Cash Flow $150,000 55,000 85,000 75,000 70,000 Use box on last page The company has a 10 percent cost of capital. W is the project's discounted payback? 15. What is Judd's additional net financing needed (AFN) or external financing needed (EFN) under this plan? Use box on las Use box on last page 18. A local property management comp considering the purchase of new computer har MBI offers a contract that lasts 5 years. It costs