Question
Please can you check the image below. Compute and report the missing items in the Balance Sheet below.15 pts Balance Sheet of COPCO Year-Ended 2019
Please can you check the image below.
Compute and report the missing items in the Balance Sheet below.15 pts
Balance Sheet of COPCO Year-Ended 2019
Cash
$197,000
Accounts payable
$296,000
Accounts receivable
Notes payable
Inventory
$508,000
Current liabilities
$585,000
Current assets
$984,000
Long-term debt
Total liabilities
$1,735,000
Tangible net fixed assets
$5,100,000
Shareholders' Equity
Intangible net fixed assets
$847,000
Common stock
Accumulated retained earnings
$4,586,000
Total assets
Total liabilities & owners' equity
If the company reported a net income of 985.690 USD over the same accounting period (i.e. 01.01.2019-31.12.2019); compute ROA, TAT (total asset turnover) and ROE. Comment briefly what these three financial ratios indicate in terms of the performance of the company. Suppose that the company has had sales of $4.500.000.
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