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AT&T 11:34 AM learn-us-east-1-prod-fleet01-xythos.s3.us-east-1.amazonas.com . Excell's Corporation financial statements for year 8 and 9 are repeoduced below EXCELL CORPORATION Income Statementa For Years Ended December 3L Year 8 and Year 9 Year 9 1636,28 $782254 1473,29 15679 183 575 20.843 62332 58 584 Sales Cestofgoods sold and operating peses Operating proft 63,005 1,825 41,380 52,23 het profit 98 943 104168 Net income 71.54 533,223 550 1,759,395 2.120.735 1234.482 13,734 Long-term dett 52 233 325,44 254,108 Financial Statement analysis Equity Common stock dditional paid-in cagital Retained eansings Treasury stock 13,783 19.208 36,752 13,783 72.454 2,120,735$2,34,42 68305 otalliabilities and equity Given that the effective tax eates for Excell are 37% in year 8 and 36% in year 9, calculate 1. Return en operating aset (RNOA) for year 9 2 Return on cemmon equity (ROCE) for year 9 AT&T 11:34 AM learn-us-east-1-prod-fleet01-xythos.s3.us-east-1.amazonas.com . Excell's Corporation financial statements for year 8 and 9 are repeoduced below EXCELL CORPORATION Income Statementa For Years Ended December 3L Year 8 and Year 9 Year 9 1636,28 $782254 1473,29 15679 183 575 20.843 62332 58 584 Sales Cestofgoods sold and operating peses Operating proft 63,005 1,825 41,380 52,23 het profit 98 943 104168 Net income 71.54 533,223 550 1,759,395 2.120.735 1234.482 13,734 Long-term dett 52 233 325,44 254,108 Financial Statement analysis Equity Common stock dditional paid-in cagital Retained eansings Treasury stock 13,783 19.208 36,752 13,783 72.454 2,120,735$2,34,42 68305 otalliabilities and equity Given that the effective tax eates for Excell are 37% in year 8 and 36% in year 9, calculate 1. Return en operating aset (RNOA) for year 9 2 Return on cemmon equity (ROCE) for year 9

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