The accounting department of your company has just delivered a draft of the current year's financial statements to you. The summary is as follows:

	Beginning of the Year	End of the Year
Total Assets	$550,000	$638,000
Total Liabilities	210,000	205,000
Total Equity	340,000	433,000
Net Income for the Year		80,600
Common Shares Outstanding	22,000	22,000

You discovered that they have not adjusted for estimated bad debt expenses of $7,100. For each of the following ratios, calculate:

1. The ratio that would have resulted had the error not been discovered (i.e. the incorrect ratio).

2. The correct ratio.

incorrect: correct:

roa: roa:

roe: roe:

debt ratio: debt ratio:

EPS: EPS: