Question: Part II: Comprehensive Exercise 30 pts Compute and report the missing items in the Balance Sheet below. 15 pts Balance Sheet of COPCO Year-Ended 2019

Part II: Comprehensive Exercise 30 pts Compute and report the missing items in the Balance Sheet below. 15 pts Balance Sheet of COPCO Year-Ended 2019 Cash $197,000 Accounts payable $296,000 Accounts receivable Notes payable Inventory $508,000 Current liabilities $585,000 Current assets $984,000 Long-term debt Total liabilities $1,735,000 Tangible net fixed $5,100,000 Shareholders' Equity assets Intangible net fixed $847,000 Common stock assets Accumulated retained earnings $4,586,000 Total liabilities & owners' Total assets equity A. If the company reported a net income of 985.690 USD over the same accounting period (i.e. 01.01.2019-31.12.2019); compute ROA, TAT (total asset turnover) and ROE. Comment briefly what these three financial ratios indicate in terms of the performance of the company. Suppose that the company has had sales of $4.500.000. 15 pts
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
