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a. Return on equity b. Total assets turnover c. Return on assets d. Current ratio e. Receivables turnover There was a bit of concern about

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a. Return on equity

b. Total assets turnover

c. Return on assets

d. Current ratio

e. Receivables turnover

There was a bit of concern about one of Big Rock's newer entities - Big Rock Paving Company. Management wants you to review the two financial statements below and give your analysis of the company's performance. Big Rock Paving Company 700,000 500,000 1,200,000 600.000 100,000 100,000 800,000 2,900,000 Assets Liabilities Current Assets: Current Liabilities: Cash 500,000 Accounts Payable Accounts Receivable 300,000 Notes Payable Inventory 800,000 Total Current Assets 1,300,000 Total Current Liabilities Fixed Assets: Owners' Equity: Property, Plant & Equipment 2,200,000 Common Stock (S1 Par) Less: Accumulated Depreciation 600,000 Capital Surplus Net Fixed Assets 1,600,000 Retained Eamings Total Assets 2.900,000 Total Owners' Equity Total Liabilities and Owners' Equity Big Rock Paving Company Income Statement for Year Ending December 31, 2021 Sales 3.400,000 Less: Cost of Goods Sold 2,700,000 Less: Administrative Expenses 700,000 Less Depreciation 682.000 Earnings Before Interest and Taxes (682,000) Less: Interest Expense 120.000 Taxable income (802,000) Less: Taxes (280.000) Net Income (522,000) Dividends Addition to Retained Earnings (522.000) Required: Evaluate the performance of Big Rock Paving Company using the below ratios. Define each ratio, perform the calculation, and provide an explanation of the result

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