Using the financial statements below, please solve for Profit Margin, Total Asset Turnover, Leverage Ratio and Return on Equity: Current assets: Cash and cash equivalents Accounts receivable, net Inventories Prepaid expences Other current assets Total current assets Non-current assets: Property, Plant & Equipment 26,500 28,000 Long-term debt Goodwil Other non-current assets Total non-current assets 38,360 40,220 Total long-term liabilities TOTAL ASSETS Current liabilities: 750 5,800 7,000 Accounts payable 7,650 7,410 Accrual liabilities 830 Short-term debt 1,710 1,800 3,100 2,900 570 110 630 6,220 6,010 270 140 14,610 660 50 700 330 Advances received 80 15,650 Accrued taxes payable Total current liabilities Long-term liabilities: 12,000 12,680 310 810 13,010 13,800 230 780 7,100 7,100 Deferred tax liabilities 4,760 5,120 Other long-term liabilities 52,970 55,870 Equity: Preferred stock Common stock Retained earnings Total equity TOTAL LIABILITIES AND EQUITY 2,000 2,000 25,940 26,500 5,800 7,560 33,740 36,060 55,870 52,970 The reported statement of income for the 20X8 financial year is as follows US$ in thousands 45,680 32,540 13,140 1,350 General and administrative expenses2,730 4,080 9,060 1,610 7,450 2,100 5,350 Sales, net Cost of sales Gross margin Research and development Operating expenses Operating income Interest expense Earnings before taxes Provision for taxes Net income