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 $10,000 $6,000 Accounts Receivable (net) 6,000 1,500 Inventory h 8,000 10,000 Long-lived assets 12,000 11,000 Less:Accumulated depreciation (4,000 (2.000) Total assets $32.000 $26.500 Liabilities and Stockholders' Equity: Conn 2 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 3500 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) Bad debt expense (2.000) Other expense (including income taxes) (2.000) Net income $2.000 Using the information for Orca Industries calculate the following: ROA: ROCE: Profit margin for ROCE: Asset Turnover: Accounts Receivable Turnover: EPS (assume 1,000 shares outstanding) Accounts Payable Turnover: Accounts Payable Turnover: Inventory Turnover: Price Earnings Ratio (P/E) assuming Orca's stock price is $24.00