Assignment2 1) Gordon Wear has $800,000 in assets and $200,000 of total debt. It reports the net income from projects is $100,000 a) What is its ROA b) What is the return on shareholder's equity c) If the business has an asset turnover ratio of 2.75 times, what is the profit margin? 2) please re-arrange the financial statement in right format and calculate all the ratios mentioned in the lecture for following company Sneider Corp's Balance Sheet Income Statement 31-Dec-19 50,000 Cash 70,000 Project Revenue Notes Payable-short term Marketable Securities 20,000 long term Investment 60,000 COGS Accounts Receivable 160,000 190,000 Gross Profit Accumulated Depreciation-Plant and equipment Inventory 200,000 Accounts Payable 90,000 Operating exp Plant and equipment 600,000 Admin & Selling Exp Shareholder's Capital (common share and preferred shares) 370,000 Net profit before Interest and tax Long-term loan payable---16 years total 160,000 10,000 Interest Expense Long-term loan payable-current portion 160,000/16 year Retained Earnings 210,000 Earning before tax Taxes Earning after tax Required: 1) re-arrange the accounts following the right balance sheet format 2) Calculate the 10 ratios based on the lecture formulas 31-Dec-19 1,980,000 1,280,000 700,000 475,000 225,000 25,000 200,000 80,000 120,000