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A company failed to record accrue $9 millions of cost related to vendor invoices and warranty liability at the end of the year sales $97

A company failed to record accrue $9 millions of cost related to vendor invoices and warranty liability at the end of the year sales $97 million all cost including interest expense taxes $83 million net income $14 million this year assets all current assets combined $74 million all long term assets combined $61 million Toal assets this year $135 million last year all current assets combined $68 million all long term assets combined $59 million total assets $127 million liabilities stockholder equity this year $61 million all current liabilities combined $35 million stockholder equity $39 million Toal liabilities and equity $135 million last year all current liabilities combined $57 million all long term liabilities combined $45 million stockholders equity $25 million and total liabilities and equity $127 million

calculate the current ratio per company statement

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calculate ROE if error is fixed

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