7 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: 1.48 points Total Assets Total Liabilities Total Equity Net Income for the Year eBook Common Shares Outstanding Print Beginning of the Year $550,000 210,000 340,000 20,000 End of the Year $645,000 210,000 435,000 98,900 20,000 You discovered that they have not adjusted for estimated bad debt expenses of $8,000. For each of the following ratios, calculate: 1. The ratio that would have resulted had the error not been discovered (.e. the incorrect ratio). 2. The correct ratio. A B C D E Incorrect Correct References 1 2 ROA 3 ROE 4 Debt Ratio 5 EPS 6 7 B 9 10 Chec