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sorry for the long one, Robins Design Balance Sheet Data table The following accounts and related balances of Robin Designers, Inc., as of December 31,2021
sorry for the long one, Robins Design Balance Sheet
Data table The following accounts and related balances of Robin Designers, Inc., as of December 31,2021 , are arranged in no particular order: (Click the icon to view the account information.) Read the requirements. Requirement 1. Prepare Robin's classified balance sheet in the account format at December 31,2021. Start by completing the Assets section of the statement, and then prepare the Liabilities and Stockholders' Equity sections of the statement. (Classify the balance sheet by selecting the proper titbe on all applicable subtotal lines. In the first part complete the assets section of the balance sheet. In the second part complete the liabilities and stockhoiders' equity section of the balance sheet. Enter the accounts in the proppir order for the stockholders' equity section of the balance sheet) particular order: (Click the icon to view the account information.) Read the requirements. Requirement 2. Use a DuPont analysis to calculate rate of return on toua assets and rate of return on common stockholders' equity for the year ended December 31,2021. Start by calculating the rate of return on total assets (ROA). Select the DuPont model formula needed and then enter the amounts to calculate ROA. (Ignore Interest Expense in the ROA calculation. Dividends are not preferred. Round percentages to one decimal place, X.X% and other component ratios to three decimal places, X.XXX.) Calculate the rate of retum on common stockholders' equity (ROE). Select the DuPont model formula needed and then enter the amounts to calculate ROE. (Ignore interest Expense in the ROA calculation. Dividends are not preferred. Round percentages to one decimal place, X.X% and other component ratios to three decimal places, X.XXX.) Requirement 3. Do these rates of return suggest strength or weakness? Give your reason. What additional information might help you make your decision? enter the amounts to calculate ROE. (Ignore Interest Expense in the ROA calculation. Dividends are not preferred. Round percentages to one decimal place, X.X% and other component ratios to three decimal places, XXX.) Requirement 3. Do these rates of return suggest strength or weakness? Give your reason. What additional information might help you make your decision? These rates of return appear to be because What additional information might help you make your decision? (If an input field is not used in the table, leave the fieid empty: do not make a selection.) Step by Step Solution
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