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 $648.000 216,000 432.000 122,800 21000 21,000 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 fe. the incorrect ratio), 2. The correct ratio. B Incorrect D E Correct 1 2 ROA 3 ROE Debt Ratio 5 EPS 6 7 8 9 10