Question: Compute and report the missing items in the Balance Sheet below. Balance Sheet of OMCO Year-Ended 2018 Cash Accounts payable $296,000 Accounts receivable $197.000 Notes

Compute and report the missing items in the Balance Sheet below.

Balance Sheet of OMCO Year-Ended 2018

Cash

Accounts payable

$296,000

Accounts receivable

$197.000

Notes payable

Inventory

$508,000

Current liabilities

$585,000

Current assets

$984,000

Long-term debt

Total liabilities

$1,735,000

Tangible net fixed assets

$5,100,000

Shareholders' Equity

Intangible net fixed assets

$847,000

Common stock

$610.000

Accumulated retained earnings

Total assets

Total liabilities & owners' equity

  1. If the company reported a net income of 1.085.090 USD over the same accounting period (i.e. 01.01.2018-31.12.2018); compute ROA, cash ratio and ROE. Comment briefly what these three financial ratios indicate in terms of the performance of the company.

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