Assets Liabilities and Equity Current assets: 2012 2011 Current liabilities: Cas

Question

Assets Liabilities and Equity Current assets: 2012 2011 Current liabilities: Cash and marketable securities $ 55 $ 48 Accrued wages and taxes $ 40 $ 36 Accounts receivable 45 52 Accounts payable 45 44 Inventory 180 92 Notes payable 50 52 Total $ 280 $ 192 Total $ 135 $ 132 Fixed assets: Long term debt: $ 51 $ 138 Gross plant and equipment $ 265 $ 224 Stockholders Assets Liabilities and Equity Current assets: 2012 2011 Current liabilities: Cash and marketable securities $ 55 $ 48 Accrued wages and taxes $ 40 $ 36 Accounts receivable 45 52 Accounts payable 45 44 Inventory 180 92 Notes payable 50 52 Total $ 280 $ 192 Total $ 135 $ 132 Fixed assets: Long term debt: $ 51 $ 138 Gross plant and equipment $ 265 $ 224 Stockholders

Explanation / Answer

ROA=210/500 =42.00% ROE =210/314 =66.88%

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