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need the return on gross assets ratio, asset turnover, debt:capital employed and defensive interval

Condensed Statement of Financial Position 20x5 20X4 $ 14 $ 25 B 5 25 23 40 49 B 2 54 54 B1 December ASSETS Cash Investments (short-term) Accounts receivable (net of allowance) Inventory (FIFO) Prepaid expenses Investments, long-term Property, plant, and equipment (net of accumulated depreciation of $27 (20x4), $35 (2exs)) Total assets LIABILITIES AND SHAREHOLDERS' EQUITY Accounts payable Accrued liabilities Notes payable, long-term Common shares, no par (60,000 shares outstanding) Retained earnings (including 2ex4 and 2exs income) Totals 82 $229 $240 17 5 38 47 10 1@ 5 BE 47 145 $229 $248 371 (113 statement of Comprehensive Income, 20x5 Sales revenue (1/3 were credit sales) Investment revenue cost of goods sold Distribution expense Administrative expense (includes $56 of depreciation) Interest expense Income tax expense (the tax rate is 40%) Net income and comprehensive income Additional information: Cash flow from operations 68 (45) 26 $ 189 25 Required: Answer is complete but not entirely correct. a Ratios that measure profitability Return on long-term capital (after tax) Return on assets (after tax) Return on common owners' equity Operating margin (before tax) Return on gross assets (before tax) 63% 58 % 59 % 43 % 77 X % b. Ratios that measure efficiency Asset turnover Accounts receivable turnover Average collection period of accounts receivable Inventory turnover 1.78 X times 5.2 times 71 days 2.5 times C Ratios that measure solvency Debt equity Long-term debt capitalization Debt capital employed Debt total assets Times-interest-earned Times-debt-service-earned 29 % 14 % 23 x % 23 X >> % 4 2.1 d 4 Ratios that measure liquidity: Current ratio Quick ratio Defensive interval 1.91 124 X days

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