Please help answer question 3 (2) Company Z's operating working capital and investment assets and question 4 please

3. At the end of fiscal year 2019, company Z discloses the following balance sheet: Assets Equity and Liabilities Cash $ 500,000 Current debt Non-cash current assets 800,000 Other current liabilities Non-current assets 1,300,000 Non-current Debt Minority Equity Investments 300,000 Deferred tax liability Equity Total $ 2,900,000 Total $ 300,000 700,000 1,400,000 150,000 350,000 $2,900,000 3 The company needs a cash balance of $300,000 for its operations. Required: Compute the balance of the following items (6%) (1) Company Z's net non-current operating assets (2) Company Z's operating working capital and investment assets 4. Industry peers C and D disclose the following information: Company C Company D Operating asset turnover 5.6 2.3 Return on operating assets 10 percent 10 percent Required: Indicated which of the two companies is more likely to follow a cost leadership strategy, and provide reasons for your answer. (4%)