ACT 5001 Homework 2 (Module 1) Summer 2019(1) dock-Word E LAYOUT REFERENCES MAILINGS REVIEW VIE AaBbCcD AalB E1 Normal 1 No Spac.. Heading 1 Heading 2 Title Subtite Styles Paragraph The following information is presented for Miller Company as of December 31, 2017 $723,100 1,397,000 650,300 430,500 547,800 375,900 30,000 Sales Total Assets Total Expenses Total Liabilities Total Retained Earnings January 1, 2018 Total Contributed Capital Dividends Required 1. Prepare an Income Statement, Statement of Retained Earnings and Balance Sheet as of December 31, 2017. (Hint. You need to find Net Income first to solve for ending the Retained Earnings balance) 2. Compute the following ratios for Miller Company (Use year-end balances instead of averages, where necessary) a Return on Assets b. Profit Margin c. Asset Turnover d Return on Equity 3. Give a brief description of what each of these ratios tells us about the company's performance