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 | ||
- 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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