debt ration for both?

The accounting department of your company has just delivered a draft of the current year's financial statements to you. The summary is as follows: Total Assets Total Liabilities Total Equity Net Income for the Year Common Shares Outstanding Beginning of the Year $550.000 210,000 340.000 End of the Year $586.000 211.000 375,000 95,600 22,000 22,000 You discovered that they have not adjusted for estimated bad debt expenses of $8,800. For each of the following ratios, calculate: 1. The ratio that would have resulted had the error not been discovered i.e. the incorrect ratio) 2. The correct ratio. incorrect: Correct: 16.83% 15 40% 24 58% 26.74% ROA ROE Debt Ratio EPS $ 3.96