The accounting department of your company has just delivered a draft of the current year's financial statements to you. The summary is as follows: Total Assets Total Liabilities Total Equity Net Income for the Year Beginning of the Year $550,000 210,000 340,000 22,000 End of the Year $590,000 220,000 370,000 116,700 22,000 Common Shares Outstanding You discovered that they have not adjusted for estimated bad debt expenses of $8,200. For each of the following ratios, calculate: 1. The ratio that would have resulted had the error not been discovered (.e. the incorrect ratio). 2. The correct ratio. A B Incorrect 1 2 ROA 3 ROE 4 Debt Ratio 5 EPS 6 7 8 9 10 Correct: C D E