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 6,000 1,500 8,000 10,000 12,000 11,000 $4,000 2,000) $32,000 $26,500 Liabilities and Stockholders' Equity: Accounts payable $5,000 $6,000 Deferred revenues 1,000 2,000 Long-term note payable 10,000 10,000 Less: Discount on note payable (800 (1,000) Common stock 12.000 6,000 Retained earnings 4,800 3.500 Total liabilities and stockholders' equity$32,000 $26,500 Income Statement For the year ended December 31, 2011 Revenues $42.000 Cost of goods sold (24,000) Depreciation expense (2,000) Interest expense (3.000) Bad debt expense (2.000 Other expense (including income taxes (2000) Net income $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