29. (29 points) Before making the correcting entry for partial year depreciation on December 31,2008, Franklin reported total assets of $250,000,000, net sales of $125,000,000, and net income of $25,000,000. Assuming that Franklin has 20,000,000 shares of common stock issued and outstanding, what were Franklin's EPS, ROA, Profit Margin, and Asset Turnover ratios before the correcting entry? What are they after the correcting entry? Round each ratio to two (2) decimal places. (Hint: Since you don't have any information from 2007, you will have to use the reported totals instead of averages!) (AC 15, 16 and A 38, 39) Use the following to answer questions 25-29: Franklin Fisheries purchased new equip equipment cost them $36,000,000 and has an expected 9 year useful life. Franklin Fisheries uses the Sum-of-the- Years-Digits method to calculate depreciation. The company has a calendar year end and a 30% tax rate. ment to help make larger tanks on January 1, 2008. The salvage value of $90,000 at the end of its