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Problem # 2 10 Points .... Based Upon the Balance Sheet and Income Statement data below: Prepare a Balance Sheet and Income Statement in good
Problem # 2 10 Points .... Based Upon the Balance Sheet and Income Statement data below: Prepare a Balance Sheet and Income Statement in good "form" and ADD what is missing based upon the accounting formula and then... Compute the ratios necessary to illustrate the Return on Common Equity (ROE) in the DuPont Formula style. Income Statement Sales $6,250 Balance Sheet COGS ($3,688) Current Assets $1,950 Net Fixed Assets $1,618 SG&A aka selling and general expenses & other operating expenses ($719) Current Liabilities $457 Interest expense ($75) Long Term Debt $772 Other Income $49 Common Stock Equity $????? Taxes ($482) Earnings Available to Common Stockholders $
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