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 $612,000 207,000 405,000 99,500 122,000 22.000 22.000 22,000 You discovered that they have not adjusted for estimated bad debt expenses of $9,800. 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 C D B Incorrect: Correct: 2 ROA 3 ROE 4 Debt Ratio EPS