The balance sheets for Plasma Screens Corporation and additional information are provided below. PLASMA SCREENS CORPORATION Balance Sheets December 31, 2024 and 2023 Mc Graw Hill Assets. Current assets: Cash Accounts receivable. Inventory Investments Long-term assets: Land Equipment Less: Accumulated depreciation Total assets Liabilities and Stockholders' Equity Current liabilities: Accounts payable Interest payable. Income tax payable Long-term liabilities: Notes payable Stockholders' equity: Common stock Retained earnings Total liabilities and stockholders' equity Additional information for 2024: 1. Net Income is $184,000. 2. Sales on account are $1,890,000. (All sales are credit sales.) 3. Cost of goods sold is $1,394,250. Required 1 2024 $242,000 98,000 105,000 5,000 Required 2 580,000 890,000 (528,000) $1,392,000 $109, Complete this question by entering your answers in the tabs below. 7,000 9,000 110,000 2023 $130,000 102,000 90,000 3,000 580,000 770,000 (368,000) $1,307,000 Answer is complete but not entirely correct. $95,000 13,000 6,000 800,000 357,000 $1,392,000 $1,307,000 Required: 1. Calculate the following profitability ratios for 2024: 2. When we compare two companies, can one have a higher return on assets while the other has a higher return on equity? 220,000 800,000 173,000 Calculate the following profitability ratios for 2024: (Round your answers to I decimal place.) Prev

I only need the return on equity. none of the chegg problems have the right answer. please help

The balance sheets for Plasma Screens Corporation and additional information are provided below. Aaditionai intormation tor 2024 : 1. Net income is $184,000 2. Sales on account are $1,890,000. (All sales are credit sales.) 3. Cost of goods sold is $1,394,250. Required: 1. Calculate the following profitability ratios for 2024 : 2. When we compare two companies, can one have a higher return on assets while the other has a higher return an equitv? Required: 1. Calculate the following profitability ratios for 2024 : 2. When we compare two companies, can one have a higher return on assets while the other has a higher return on equity? Answer is complete but not entirly correct. Complete this question by entering your answers in the tabs below. Calculate the following profitability ratios for 2024 : (Round your answers to 1 decimal place.)