PQR Corp. prepares its financial statements for the year ending December 31, 2023. The following information is provided:

• Beginning total assets: $1,200,000
• Beginning total liabilities: $800,000
• Net income for the year: $240,000
• Dividends declared and paid during the year: $100,000
• Total revenues for the year: $1,200,000
• Total expenses for the year: $800,000

Requirements:

1. Calculate the total assets at the end of the year.
2. Determine the total liabilities at the end of the year.
3. Compute the total equity at the end of the year.
4. Calculate the earnings per share if the company has 40,000 shares outstanding.
5. Calculate the return on assets (ROA).
6. Determine the debt-to-equity ratio at the end of the year.