Question

The following accounts and related balances of Cardinal Designers, Inc., as of December 31, 2014, are arranged in no particular order:


Requirements
1. Prepare Cardinal’s classified balance sheet in the account format at December 31, 2014.
2. Use DuPont Analysis to compute rate of return on total assets and rate of return on common stockholders’ equity for the year ended December 31, 2014.
3. Do these rates of return suggest strength or weakness? Give your reason. What additional information might help you make yourdecision?


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  • CreatedJuly 25, 2014
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