' ' U O . Ev v Ev Any O A Here are the simplified financial statements of X Corp. from a recent year: Prepare Income Statement & Balance Sheet at the beginning of the year and the end of the year from the information below. Net Sales - 13,194 Other Expenses - 4,060 Cost of Goods Sold - 4,060 I Depreciation - 2,518 Interest Exp - 685 Taxes - 570 Dividend - 856 Beginning and End of the year: Cash & marketable securities 89. 158 Receivables - 2,382 & 2,490 Inventories -- 187 & 238 Other Current Assets- 867 & 932 Property Plants - 19,973 & 19.915 Other long term assets - 4,216 & 3.770 Payables - 2.564 & 3.040 Short Term Debt - 1.419 &1,573 Other current liabilities - 811 & 787 Long Term Debts & Leases - 7.018 & 6,833 Other LT Liabilities - 6:178 & 6.149 Share Holder's Equity meer ices Review View Help Open in Desktop App Editing ' ' , Ev A I Q3 D. (20 Marks) From the Financial Statements above calculate the following financial ratios: Show definition, formula and calculation 1. Days in Inventory 2. Return on Equity 3. Return on Assets ' ' U O . Ev v Ev Any O A Here are the simplified financial statements of X Corp. from a recent year: Prepare Income Statement & Balance Sheet at the beginning of the year and the end of the year from the information below. Net Sales - 13,194 Other Expenses - 4,060 Cost of Goods Sold - 4,060 I Depreciation - 2,518 Interest Exp - 685 Taxes - 570 Dividend - 856 Beginning and End of the year: Cash & marketable securities 89. 158 Receivables - 2,382 & 2,490 Inventories -- 187 & 238 Other Current Assets- 867 & 932 Property Plants - 19,973 & 19.915 Other long term assets - 4,216 & 3.770 Payables - 2.564 & 3.040 Short Term Debt - 1.419 &1,573 Other current liabilities - 811 & 787 Long Term Debts & Leases - 7.018 & 6,833 Other LT Liabilities - 6:178 & 6.149 Share Holder's Equity meer ices Review View Help Open in Desktop App Editing ' ' , Ev A I Q3 D. (20 Marks) From the Financial Statements above calculate the following financial ratios: Show definition, formula and calculation 1. Days in Inventory 2. Return on Equity 3. Return on Assets