Question 8.5 points Page 3 3 Using the information in the table below note that the balance sheet accounts listed below are the only items on the company's balance sheet for each year and the Income statement accounts are the only items on the comparw's income statement for each year), ROE for this company in 2021 would be 36 Account 2020 2021 Accounts payable 34.400 Accounts receivable 33,200 35,800 0.900 Accruals 20,840 22,840 Additional paid in capital 36,000 38.000 Cash 50.400 46,840 Common Stock 8,000 10,000 COGS 151,640 165,920 Depreciation expense 10,000 17,600 Interest expense 20,000 24,000 Inventories 20,780 21,560 Long-term debt 30,240 2 Net fixed assets 209,700 247,680 Notes payable 17,600 15,600 Operating expenses (excl. depr.) 93,960 102,960 Retained earnings 169,600 192,800 Sales 322,000 359,200 Taxes 13,200 16,400 Operating expensexcl. der Retained earning Sales Taxes 4A 93,060 16.00 322,000 13,200 102.960 197/100 159.200 16400 Page 3 1) 13.38 Page 4 2) 8.76 3) 12.55 Page 5: 4) 14.15 5 5) 9.14 Page 6: Previous Page Next Page Page 8 of 41 Submit Quiz Tortlased