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What is the Return on Assets as of the end of 20x2? (hint: use EWI in the numerator) The tax rate is 21%. Use the
What is the Return on Assets as of the end of 20x2? (hint: use EWI in the numerator) The tax rate is 21%. Use the following information to answer the question Plarimed Corp. Plarimed Corp. Income Statement Balance Sheet 20X2 20X1 20X2 Revenue 8,500 Cash 200 180 Cost of Goods Sold -5,600 Accounts Receivable 1,650 1,625 1,900 2,000 7,000 Depreciation Expense -1,200 Inventory Interest Expense -35 PPE Income Tax Expense -350 Accumulated Dep. Net Income 1,315 Total Assets 6,500 -2,500 -3,000 7,750 7,805 850 900 Accounts Payable Interest Payable Notes Payable 100 80 1,500 1,700 Common Stock 2,500 Retained Earnings 2,800 Total Liabilities+Equity 7,750 2,500 2,625 7,805 .1691 0.1685 .1726 0.1591
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