Orca Industries Below are the two most recent balance sheets and most recent income statement for Orca Industries. The company has an effective tax rate of 35%. Balance Sheet 2011 2010 Assets: Cash Accounts Receivable (net) Inventory Long-lived assets Less:Accumulated depreciation Total assets $10,000 6,000 8,000 12,000 (4.000) $32.000 $6,000 1,500 10,000 11.000 (2.000) $26.500 Liabilities and Stockholders' Equity: Accounts payable Deferred revenues Long-term note payable Less: Discount on note payable Common stock Retained earnings Total liabilities and stockholders' equity $5,000 1,000 10,000 (800) 12,000 4,800 $32.000 $6,000 2.000 10,000 (1,000) 6.000 3,500 $26.500 Income Statement For the year ended December 31, 2011 Revenues Cost of goods sold Depreciation expense Interest expense Bad debt expense Other expense (including income taxes) Net income $42,000 (24,000) (2.000) (3.000) (2.000) (9.000) $2.000 Using the information for Orca Industries calculate the following: Show your work. ROA: ROCE: Profit Margin for ROCE: Asset Turnover: Accounts Receivable Turnover: EPS (assuming 1,000 shares outstanding): Accounts Payable Turnover: Inventory Turnover: Price Earnings Ratio (P/E) assuming the stock price is $24