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would you help to answer below questions? On the night of February 27, 2012, certain records of the Genmo Corporation were accidentally destroyed (Exhibit 2).

would you help to answer below questions?

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On the night of February 27, 2012, certain records of the Genmo Corporation were accidentally destroyed (Exhibit 2). The statements themselves had been de- by fire. Two days after that, the principal owner had an stroyed in the fire. (In ratios involving balance sheet amounts, Genmo used year-end amounts rather than appointment with an investor to discuss the possible an average.) And (3) the following data (in thousands): sale of the company. The owner needed as much infor- mation as could be gathered for this purpose, recog- 2011 revenues nizing that over a longer period of time a more com- $10,281 Current liabilities, December 31, 2011 2,285 plete reconstruction would be possible. On the morning of February 28, the following were available: (1) a balance sheet as of December 31, Questions 2010, and an income statement for 2010 (Exhibit 1) and (2) certain fragmentary data and ratios that had 1. Prepare a balance sheet as of December 31, 2011, been calculated from the current financial statements and the 2011 income statement. 2. What was the return on shareholders' equity for *Copyright @ Professor Robert N. Anthony. 2011

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