Next Page Question 4 (1 point) Canadian Bacon Inc. financial statements are presented in the table below. Based on the information in the table, calculate Return on Common Equity Round the answers to two decimal places in percentage form. (Write the percentage sign in the "units" b Balance Sheet December 31, 2011 Cash and marketable $143,000 Accounts payable $278,000 securities Accounts $354,000 Notes payable $87,000 receivable Inventories $672,000 Accrued expenses $65,000 Total current Prepaid expenses $12,500 $430,000 liabilities Total current assets $1,181,500 Long-term debt $284,000 Par value and Gross fixed assets $1,675,000 paid-in-capital $228,000 Less: accumulated depreciation $500,000 Retained Earnings $1,414,500 Net fixed assets $1,175,000 Common Equity 1,642,500 Total liabil ies Total assets $2,356,500 and owner's $2,356,500 equity Income Statement Year of 2011 Net sales (all credit) $3,136,600.00 Less: Cost of goods sold $2,195,620.00 Selling and administrative $345,000.00 expenses Next Page Question 4 (1 point) Canadian Bacon Inc. financial statements are presented in the table below. Based on the information in the table, calculate Return on Common Equity Round the answers to two decimal places in percentage form. (Write the percentage sign in the "units" b Balance Sheet December 31, 2011 Cash and marketable $143,000 Accounts payable $278,000 securities Accounts $354,000 Notes payable $87,000 receivable Inventories $672,000 Accrued expenses $65,000 Total current Prepaid expenses $12,500 $430,000 liabilities Total current assets $1,181,500 Long-term debt $284,000 Par value and Gross fixed assets $1,675,000 paid-in-capital $228,000 Less: accumulated depreciation $500,000 Retained Earnings $1,414,500 Net fixed assets $1,175,000 Common Equity 1,642,500 Total liabil ies Total assets $2,356,500 and owner's $2,356,500 equity Income Statement Year of 2011 Net sales (all credit) $3,136,600.00 Less: Cost of goods sold $2,195,620.00 Selling and administrative $345,000.00 expenses