Not Attempted Attempted Bookmarked Case Link Question (5) Directions: Click the Case Link above and use the information provided in Revolutionary Designs, Inc., Part B, to answer this question: What was Revolutionary Designs' return on equity for the year ended December 31, 20Y3 using tangible net worth and profit before tax? 6% 15% 29% 31% Mark for review Submit Revolutionary Designs, Inc. Part B Revolutionary Designs, Inc. Balance Sheets (Common Size) in $000s) As At December 31 2013 2012 ASSETS Current assets Cash and equivalents Accounts receivable $ 310 1194 o Raw materials Work in process Finished goods Total Inventory Other current assets Total current assets io 2,293 78.1 723 Gross fixed assets Less: Accumulated depreciation Net fixed assets 99 582 624 212 612 24.0 17.8 12 Patents and trademarks 20 0.7 34 TOTAL ASSETS $ 3.261 100.0 $ 2,937 100.0 S 2,555 100.0 19 775 LIABILITIES AND EQUITY Current liabilities Current portion-LTO Notes payable Note payable Jack Newsome-subordinated Accounts payable Accrued expenses Other current liabilities Total current liabilities 810 200 1.053 288 Odom 175 Long term debt Other noncurrent liabilities Total abilities 1.860 Not Attempted Attempted Bookmarked Case Link Question (5) Directions: Click the Case Link above and use the information provided in Revolutionary Designs, Inc., Part B, to answer this question: What was Revolutionary Designs' return on equity for the year ended December 31, 20Y3 using tangible net worth and profit before tax? 6% 15% 29% 31% Mark for review Submit Revolutionary Designs, Inc. Part B Revolutionary Designs, Inc. Balance Sheets (Common Size) in $000s) As At December 31 2013 2012 ASSETS Current assets Cash and equivalents Accounts receivable $ 310 1194 o Raw materials Work in process Finished goods Total Inventory Other current assets Total current assets io 2,293 78.1 723 Gross fixed assets Less: Accumulated depreciation Net fixed assets 99 582 624 212 612 24.0 17.8 12 Patents and trademarks 20 0.7 34 TOTAL ASSETS $ 3.261 100.0 $ 2,937 100.0 S 2,555 100.0 19 775 LIABILITIES AND EQUITY Current liabilities Current portion-LTO Notes payable Note payable Jack Newsome-subordinated Accounts payable Accrued expenses Other current liabilities Total current liabilities 810 200 1.053 288 Odom 175 Long term debt Other noncurrent liabilities Total abilities 1.860