CITAPTER 14 NAME SECTION Shown below are data taken from a recent annual report of, Tops, Inc(Dollar amounts millions.) Beginning Eod of Year of Year Balance sheet data: Current assets S 625 $100 Total assets........ $1,050 51,200 Current liabilities............ $175 Total liabilities... 3500 3500 Total stockholders' equity -5525 - 5575 Income statement data: Net sales..... Gross profit..................... Operating income.... Net income........ $1,900 - 59002 $450 5300 Instructions Compute the following a Current ratio st year-end (round to nearest tenth)... End of CA CL b Working capital at the beginning of the year (in millions) year 700- 175 $ 350 Beginngs CA-CL. 47 625 - 215 2350 Ve Gross profit rate for the year (round to the nearest 1 percent) goo 1600 Gross profit Netsale d Return on average total assets for the year (round to the nearest percent) 450 - 1050 Return on averase total equity for the year (round to the nearest 1 percent)