Based on the following Balance Sheet and Income Statement of Beta, calculate and comment ROE, ROA and financial leverage ASSETS (31/12/2018) LIABILITIES (31/12/2018) Fixed assets 300.000 Paid in capital Intangible assets 150.000 Retained earnings Accounts receivables 150.000 Net income Cash 400.000 Bank debt Final product inventories Deferred income 80.000 Account payable Total assets 1.080.000 Total liabilities INCOME STATEMENT Revenues Cost of production Operating profit Commercial general, administrative costs Other charges Interest expense Result of ordinary skill Extraordinary profits and charges Earnings before tax Taxes on income Net income 2018 1.500.000 750.000 750.000 340.000 15.000 12.000 383.000 0 383.000 153 200 229.800 Based on the following Balance Sheet and Income Statement of Beta, calculate and comment ROE, ROA and financial leverage ASSETS (31/12/2018) LIABILITIES (31/12/2018) Fixed assets 300.000 Paid in capital Intangible assets 150.000 Retained earnings Accounts receivables 150.000 Net income Cash 400.000 Bank debt Final product inventories Deferred income 80.000 Account payable Total assets 1.080.000 Total liabilities INCOME STATEMENT Revenues Cost of production Operating profit Commercial general, administrative costs Other charges Interest expense Result of ordinary skill Extraordinary profits and charges Earnings before tax Taxes on income Net income 2018 1.500.000 750.000 750.000 340.000 15.000 12.000 383.000 0 383.000 153 200 229.800