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QUESTION 26 There is a company that has net sales revenue of $1,250,000, cost of goods sold of S760,000, and all other expenses of S290.000. The beginning balance of shareholders' equity is $400,000 and the beginning balance of fixed assets is $361,000. The coding balance of shareholders' equity is $600,000 and the ending balance of fixed assets is $389,000 What is the Return On Equity of the company? 0 2.50 0 3.33 O 0.53 O 0.40 QUESTION 2 On October 1, 2018, you borrow $200,000 at 6% interest and record the promissory note. You agree to make semi-annual interest payments. On December 31, 2018, your joumal entry for the quarter should: O debit Interest Expense for $6,000 and credit Cash for $6,000 debit Interest Expense for $3,000 and credit Interest Payable for $3,000 O debit Cash for $3,000 and credit Accrued Interest for $3,000. Odebit Interest Expense for $6,000 and credit Notes Payable for $6,000