Help with Question C please! I have provided screenshots for info

. mathxlcom 0 r1] l5] FlN-320-R5533 Principles of Finance 20EW5 Ashlie Beckett A | 05/26/20 8:26 PM Homework: 4-2 MyFinanceLab Assignment Score: 2.14 of 5 pts ' 4 11 of 12 (12 complete) v L Hw Score: 87.09%, 43.54 of 50 pts @P4-31 (similar to) laoueawelp l a (Financial statement analysis) The annual sales for Salco, Inc. were $4.42 million last year. The finn's endot-year balance sheet was as tollows: a . Salco's income statement for the year was as follows: a . a. Calculate Salco's total asset turnover, operating profit margin, and operating return on assets. b. Salco plans to renovate one of its plants and the renovation will require an added investment in plant and equipment of $1 .05 million. The rm will maintain its present debt ratio of 50 percent when nancing the new investment and expects sales to remain constant. The operating prot margin will rise to 13.8 percent. What will be the new operating retum on assets ratio (i.e., net operating income *total assets) for Saloo aer the plant's renovation? c. Given that the plant renovation in part (b) occurs and Salco's interest expense rises by $47,000 per year, what will be the return earned on the common stockholders' investment? Compare this rate of return with that eamed before the renovation. Based on this comparison, did the renovation have a favorable effect on the protability of the rm? a. Calculate Salco's total asset turnover, operating profit margin, and operating return on assets. The company's total asset turnover is 2.20 times. (Round to two decimal places.) The company's operating prot margin is 9.7'%. (Round to one decimal place.) The company's operating return on assets is 21.3 \"In. (Round to one decimal place.) b. Salco plans to renovate one of its plants and the renovation will require an added investment in plant and equipment of $1.05 million. The rm will maintain its present debt ratio of 50 percent when nancing the new investment and expects sales to remain constant. The operating prot margin will rise to 13.8 percent. What will be the new operating return on assets ratio ., net operating income +tota| assets) for Salco after the plant's renovation? The company's new operating return on assets is 19.9 %. (Round to one decimal place.) c . Given that the plant renovation in pan (b) occurs and Saloo's interest expense rises by $47,000 per year, what will be the return eamed on the common stookholders' investment? The new return on owners' equity is %. (Round to one decimal place.) Enter your answer in the answer box and then click Check Answer. \"\"5 i 2 remaining Clear All mathxl.com C Grades - FIN-320-R5533 Principles of Finance 20EW5 - Southern New Hampshire... Do Homework - Ashlie Beckett Salco7-12 : MGOB 203 : Alfred University : Homework Help FIN-320-R5533 Principles of Finance 20EW5 Ashlie Beckett & | 05/26/20 8:26 PM Homework: 4-2 MyFinanceLab Assignment Save Score: 2.14 of 5 pts 11 of 12 (12 complete) HW Score: 87.09%, 43.54 of 50 pts x P4-31 (similar to) Question Help (Financial statement analysis) The annual sales for Salco, Inc. were $4.42 million last year. The firm's end-of-year balance sheet was as follows: . Salco's income statement for the year was as follows: ]. a. Calculate Salco's total asset turnover, operating profit margin, and operating return on assets. b. Salco plans to renovate one of its plants and the renovation will require an added investment in plant and equipment of $1.05 million. sales to remain constant. The operating profit margin will rise to 13.8 percent. What will be the new operating return on assets ratio (i.e. i Data Table - X and expects X in earne ore the i Data Table Sales $4,420,000 Less: Cost of goods sold (3,492,000) Current assets $499,000 Liabilities $1,004,500 Gross profi $928,000 Net fixed assets 1,510,000 Owners' equity 1,004,500 Less: Operating expenses (499,000) Total Assets $2,009,000 Total $2,009,000 Net operating income $429,000 Less: Interest expense (110,000) million. Earnings before taxes $319,000 and expects Print Done tio (i.e. Less: Taxes (35%) (111,650) Net income $207,350 The company's new operating return on assets is 19.9 %. (Round to one decimal place.) c . Given that the plant renovation in part (b) occurs and Salco's interest expense rises by $47,000 per year, what will be the return earne Print Done The new return on owners' equity is %. (Round to one decimal place.) Enter your answer in the answer box and then click Check Answer. ? parts 2 Clear All Check Answer remaining