Finance Assignment | Top Essay Writing

  1. The following information is available for the ASA Company:

how to prepare balance sheet from trial balance

Balance Sheet for 1997

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Cash                                       $600,000           Account payable                                $1,700,000

Account Receivable              $900,000           Excess Paid in Capital                         $800,000

Inventory                            $1,500,000           Common Stock                               $2,100,000

Fixed Asset                         $2,500,000           Retained Earnings                                $900,000

Total Asset                         $5,500,000           Total Liab. And Equity                    $5,500,000

 

            What is the ROE (Return on Equity) when firm’s ROA (Return on Assets) is 10% in 1997? Get Finance homework help today