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 Common Shares Outstanding Beginning of the Year $550,000 210,000 340,000 End of the Year $609,000 213,000 396,000 91,800 21,000 21,000 You discovered that they have not adjusted for estimated bad debt expenses of $7,800. For each of the following ratios, calculate: 1. The ratio that would have resulted had the error not been discovered (i.e. the incorrect ratio). 2. The correct ratio. A Incorrect: Correct: F | 2 ROA 3 ROE 4 Debt Ratio 5 EPS 9 10