Category

Prior year

Current year

Accounts payable

$41,400$

$45,000$

Accounts receivable

$115,200$

$122,400$

Accruals

$16,200$

$13,500$

Additional paid in capital

$200,000$

$216,660$

Cash

$???$

$???$

Common Stock @ par value

$37,600$

$42,000$

COGS

$131,400$

$174,313\mathrm{.}42$

Depreciation expense

$21,600$

$23,350\mathrm{.}35$

Interest expense

$16,200$

$16,155\mathrm{.}78$

Inventories

$111,600$

$115,200$

Long$-$term debt

$135,000$

$139,884\mathrm{.}84$

Net fixed assets

$377,622\mathrm{.}96$

$399,600$

Notes payable

$59,400$

$64,800$

Operating expenses $($excl$.$ depr.$)$

$50,400$

$67,552\mathrm{.}04$

Retained earnings

$122,400$

$136,800$

Sales

$255,600$

$336,885\mathrm{.}71$

Taxes

$9,900$

$19,460\mathrm{.}38$

What is the current year's return on assets $($ROA$)?$

Submit

Answer format: Percentage Round to: $2$ decimal places $($Example: $9\mathrm{.}24\%,\%$ sign required. Will accept decimal format rounded to $4$ decimal places $($ex: $0\mathrm{.}0924))$

unanswered

not$\_$submitted

Attempts Remaining: Infinity

#$4$

Category

Prior year

Current year

Accounts payable

$41,400$

$45,000$

Accounts receivable

$115,200$

$122,400$

Accruals

$16,200$

$13,500$

Additional paid in capital

$200,000$

$216,660$

Cash

$???$

$???$

Common Stock @ par value

$37,600$

$42,000$

COGS

$131,400$

$174,374\mathrm{.}00$

Depreciation expense

$21,600$

$22,960\mathrm{.}00$

Interest expense

$16,200$

$16,530\mathrm{.}00$

Inventories

$111,600$

$115,200$

Long$-$term debt

$135,000$

$138,922\mathrm{.}00$

Net fixed assets

$379,815\mathrm{.}00$

$399,600$

Notes payable

$59,400$

$64,800$

Operating expenses $($excl$.$ depr.$)$

$50,400$

$69,327\mathrm{.}00$

Retained earnings

$122,400$

$136,800$

Sales

$255,600$

$336,253\mathrm{.}00$

Taxes

$9,900$

$19,235\mathrm{.}00$

What is the current year's return on equity $($ROE$)?$

Submit

Answer format: Percentage Round to: $2$ decimal places $($Example: $9\mathrm{.}24\%,\%$ sign required. Will accept decimal format rounded to $4$ decimal places $($ex: $0\mathrm{.}0924))$

unanswered

not$\_$submitted

Attempts Remaining: Infinity

#$5$

Category

Prior year

Current year

Accounts payable

$41,400$

$45,000$

Accounts receivable

$115,200$

$122,400$

Accruals

$16,200$

$13,500$

Additional paid in capital

$200,000$

$216,660$

Cash

$???$

$???$

Common Stock @ par value

$37,600$

$42,000$

COGS

$131,400$

$174,374\mathrm{.}00$

Depreciation expense

$21,600$

$22,960\mathrm{.}00$

Interest expense

$16,200$

$16,530\mathrm{.}00$

Inventories

$111,600$

$115,200$

Long$-$term debt

$135,000$

$138,922\mathrm{.}00$

Net fixed assets

$379,815\mathrm{.}00$

$399,600$

Notes payable

$59,400$

$64,800$

Operating expenses $($excl$.$ depr.$)$

$50,400$

$69,327\mathrm{.}00$

Retained earnings

$122,400$

$136,800$

Sales

$255,600$

$336,253\mathrm{.}00$

Taxes

$9,900$

$19,235\mathrm{.}00$

What is the current year's entry for long$-$term debt on a common$-$sized balance sheet?

Submit

Answer format: Percentage Round to: $2$ decimal places $($Example: $9\mathrm{.}24\%,\%$ sign required. Will accept decimal format rounded to $4$ decimal places $($ex: $0\mathrm{.}0924))$