ASSETS Cash Accounts receivable Inventory Net plant and equipment Total assets $400,000 LIABILITIES AND STOCKHOLDERS EQUITY $40,000 ounts payable Accrued expenses Long-term debt Common stock Paid-in capital Retained earnings 60.000 Total liabilities and stockholders' equity TEW COMPANY Income Statement For the year ended December 31 Sales (all on credit Cost of goods sold oss profit Sales and administrative expenses Fixed lease expenses $500,000 $300,000 0.000 epreciation Interest expense profitbefore taxes axes Net income $136,500 Refer to the tables above The firm's return on equity is 1365% 575% 34 13%