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Please answer the following question by creating a balance sheet and financial statement. Please show all work. What is the current year's cash balance? Answer

Please answer the following question by creating a balance sheet and financial statement. Please show all work.

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What is the current year's cash balance?

Answer format: Number: Round to: 0 decimal places.

What is the entry for the current year's operating expense on a common-sized income statement?

What is the current year's return on assets (ROA)?

What is the current year's return on equity (ROE)?

What is the current year's entry for long-term debt on a common-sized balance sheet?

Answer format: Percentage Round to: 2 decimal places (Example: 9.24%, % sign required. Will accept decimal format rounded to 4 decimal places (ex: 0.0924))

Category Prior year Current year Accounts payable 41,400 45,000 Accounts receivable 115,200 122,400 Accruals 16,200 13,500 Additional paid in capital 200,000 216,660 Cash ??? ??? Common Stock @ par value 37,600 42,000 COGS 131,400 179,654.00 Depreciation expense 21,600 23,112.00 Interest expense 16,200 16,235.00 Inventories 111,600 115,200 Long-term debt 135,000 137,925.00 Net fixed assets 379,032.00 399,600 Notes payable 59,400 64,800 50,400 66,145.00 Operating expenses (excl. depr.) Retained earnings 122,400 136,800 Sales 255,600 338,405.00 Taxes 9,900 19,237.00

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