Question: answer the question below and make the necessary adjuding entries? Information: On May 15th, 2021, Saola purchased 159,290 shares of ZHT, Inc.'s 354,000 outstanding shares
Information: On May 15th, 2021, Saola purchased 159,290 shares of ZHT, Inc.'s 354,000 outstanding shares for $2.40 per share. On December 31,2021,ZHT, Inc. reported net income of $941,000 and paid a dividend of $169,000. ZHT, Inc.'s market price per share on 12/31/2021 was $2.66. No entries have been for this investment. For investment calculations, the finance department has chosen to round any percentages to the nearest two (2) decimal places. Burkett's management would like to know the effect of your adjustment on the following ratios: - Current Ratio - ROA Information: On May 15th, 2021, Saola purchased 159,290 shares of ZHT, Inc.'s 354,000 outstanding shares for $2.40 per share. On December 31,2021,ZHT, Inc. reported net income of $941,000 and paid a dividend of $169,000. ZHT, Inc.'s market price per share on 12/31/2021 was $2.66. No entries have been for this investment. For investment calculations, the finance department has chosen to round any percentages to the nearest two (2) decimal places. Burkett's management would like to know the effect of your adjustment on the following ratios: - Current Ratio - ROA
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