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92) Consider the financial statement of Carrefour given in the table below Carrefour 2010 2009 Income Statement Net operating revenues Cost of goods sold Gross Profit Selling general and administrative expenses Operating income 207500 152400 SOSBO 39100 11700 204560 152700 52100 40200 12300 1400 400 12400 3900 600 7500 3400 Interest expense Other income Doss-net Income before taxes Income taxes Other expenses Net income 500 10800 3900 500 7000 2010 4300 Balance Sheet Assets Cash and cash equivalents Short term investments Net receivables Inventories Total current assets Property, plant and equipment Goodwill Other assets Total assets 300 2400 16900 24500 51500 8400 2300 85700 2009 4000 300 2300 17600 24800 48200 8000 2100 82100 Liabilities and Stockholder Equity Accounts payable Short-term debt Other current liability Total current liability Long-term debt Other liabilities Total liabilities Stockholder equity 2010 25600 2800 400 28100 18500 4200 50200 2009 24200 4200 100 24200 17600 4300 49200 1700 3000 2010 2009 A (20 points) Calculate the financial ratios of Kmart in 2010. Financial Ratio Formula 4.12 1. Return on Equity (ROE) 0.09 2. Return on Asset (ROA) 21.44% 3. Percentage of assets invested in inventory (Pl) 4. Inventory Turnover (INVT) 8.66 42.15 5. Days of inventory (DU 4.15 6. Days sales outstanding (DSO) 57.96 7. Days purchases outstanding (DPO) 8. Cash-to-cash Cycle (C2C) -1166 B. (5 points) Analyze the change between the years 2009 and 2010 in terms of financial ratios. Which financial ratios would you check to evaluate the performance of inventory management and cash management? Which year is better in terms of inventory management and cash management

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