15 OF 32 (0 complete) The following accounts and related balances of Ester Manufacturing Inc at December 31, 2020 are arranged in no particular order. (Click the icon to view the account information.) Required 1. Prepare the company's classified balance sheet in report format at December 31, 2020. 2. Compute the rate of return on total assets and the rate of return on common shareholders' equity for the year ended December 31, 2020. 3. Do these rates of return suggest strength or weakness? Give your reason Acco Reta Question Help Account information - X 31, s 23,000 100,500 108,000 Accounts Payable Retained Earnings Common Shares 240,000 shares authorized, 49,000 shares issued and outstanding Dividends Payable Total Assets, Dec 31, 2019 Net Income Common Shareholders' Equity, Dec 31, 2019 Interest Expense 37,000 $ 41,000 Accrued Liabilities 2 Long-term Note Payable Accounts Receivable, net Preferred Shares, $1.05 65,000 share authorized 245,000 7,400 shares issued 4,500 Cash 569,000 Inventory 143,000 Property, Plant, and Equipment, net 522 000 Prepaid Expenses 14.000 Patent, net 51,000 193,500 385,000 18,000 45,000 Print Done TILL Accounts payable Accounts receivable, net Accrued liabilities payable Cash Common shares Dividends payable Inventory Long-term note payable Patent, net Preferred shares, $1.05 Choc Prepaid expenses Property, plant and equipment, net Retained earnings fields and then contin D E Search here Requirement 2. Compute the rate of return on total assets and the rate of return on common shareholders' equity for the year ended December 31, 2020 Begin by calculating the rate of return on assets (Do not round intermediary calculations. Only round the amount you input in the cell to the nearest tenth percent) Rate of return on assets Now compute Crandell's rate of return on common shareholders' equity (Do not round intermediary calculations. Only round the amount you input in the cell to the nearest tent Rate of return on common shareholders' equity % Requirement 3. Do those rates of return suggest strength or weakness? Give your reason These rates of retum Return on common shareholders' equity is than the return on assets