Question
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 ??? ???
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
170,593.00
Depreciation expense
21,600
23,306.00
Interest expense
16,200
16,015.00
Inventories
111,600
115,200
Long-term debt
135,000
139,821.00
Net fixed assets
375,163.00
399,600
Notes payable
59,400
64,800
Operating expenses (excl. depr.)
50,400
66,399.00
Retained earnings
122,400
136,800
Sales
255,600
335,937.00
Taxes
9,900
18,937.00
What is the current year's return on assets (ROA)? I need help solving this question please!
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