Omicron Company has the following information:

• Total assets: $500,000
• Total liabilities: $200,000
• Common stock: $150,000
• Retained earnings: $100,000

Calculate the following for Omicron Company: a) Debt to equity ratio b) Return on assets c) Return on equity

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35. Omega Corporation provided the following information for the month of May:

• Sales revenue: $50,000
• Cash collected from customers: $40,000
• Accounts receivable at the beginning of the month: $15,000
• Accounts receivable at the end of the month: $10,000

Calculate the amount of revenue recognized under the accrual basis of accounting for Omega Corporation in May.