2013 2014 Accounts payable Accounts receivable Accruals 180,000 160,000 180,000 300,000 300,000 250,000 Accumulated depreciation 150,000 ??? Additional paid-in-capital 110,000 150,000 Cash ??? 550,000 Common stock at par @ $0.50 320,000 330,000 Net fixed assets 1,400,000 2,000,000 Inventory 220,000 150,000 Long-term debt 430,000 490,000 Notes payable 300,000 550,000 Retained earnings 560,000 670,000 Net income 600,000 850,000 Depreciation expense 230,000 250,000 1. The 2013 cash balance is $ A. 600,000 B. 400,000 C. 350,000 D. 250,000 2. ROE in 2014 was %. A. 73.91 B. 58.62 C. 52.17 D. 32.69 3. Dividends paid in 2014 were $ A. 620,000 B. 420,000 C. 740,000 D. 120,000