The accounts and related balances of EOC Corp. at June 30, 2020 are arranged in no particular order:

Required

1. Prepare the company’s classified balance sheet in report format at June 30, 2020.

2. Compute the return on total assets and the return on common shareholders’ equity for the year ended June 30, 2020.

3. Do these rates of return suggest strength or weakness? Give your reason.

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Common Shareholders' Preferred Shares, $0.20, 10,000 shares authorized, issued and outstanding. $200,000 Equity, June 30, 2019. Net income. 25,000 29,500 Total assets, June 30, 2019.. 410,000 Cash.. 15,000 Accounts Receivable, net. Accrued Liabilities. Long-term Note Payable . 48,500 Interest Expense 7,200 52,500 Property, Plant, and Equipment, net. Common Shares, 500,000 shares authorized; 272,000 shares issued and outstanding. 30,000 300,000 93,500 Inventory.. Dividends Payable . Retained Earnings.. 10,500 300,000 ? Prepaid Expenses. Trademark, net . 12,000 $19,000 Accounts Payable. 36,000