Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

If you have this unsorted information from the general ledger of CAM Company as follow: 420000 66000 210000 960000 350000 127000 150000 169000 net plants

image text in transcribed

If you have this unsorted information from the general ledger of CAM Company as follow: 420000 66000 210000 960000 350000 127000 150000 169000 net plants and equipment accounts payables inventory COMMON SHARES CAPITAL accounts receivables Interest copy rights short term loans long term investments cost of goods sold net sales Bonds retained earnings operation expenses Short term investments long term loans Accruals Cash 150000 135000 28000 250000 62000 29000 48000 100000 Tax 50000 25% 250000 358000 Purchases After sorting this information as an income statements and balance sheet, find the answers of the below questions: 1- Return on assets (ROA). 2- Return on equity (ROE). 3- If the firm decided to decrease the debt ratio to be 50%as new target, how much the total liabilities must be decreased to reach the target ratio

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Auditing And Assurance Services An Integrated Approach

Authors: Alvin A. Arens, Randal J. Elder, Mark S. Beasley

17th Edition

013517614X, 978-0135176146

More Books

Students also viewed these Accounting questions

Question

3. What may be the goal of the team?

Answered: 1 week ago