Question: Please answer as quickly as possible and correctly and I will give a thumbs up all steps do NOT have to be shown as long
Please answer as quickly as possible and correctly and I will give a thumbs up all steps do NOT have to be shown as long as the final answer is correct, thank you.




ABC Inc. bought land and built its plant 15 years ago. Land is not depreciated. The depreciation on the building and plant is calculated using the straight-line method, with a life of 30 years and a salvage value of $1,000,000. The depreciation for the equipment, all of which was purchased at the same time the plant was constructed, is calculated using declining-balance method with depreciation rate of 4%. Complete the Balance Sheet below and find: The value for the Total Assets = ? (4 point) The value for the Preferred Shares = ? (4 points) The value for the Acid-Test Ratio = ? (4 points) The value for the Return-on-Equity Ratio = ? (4 points) Note: This is a MULTIPLE-ANSWER problem, you have to select one correct answer for each of the above 4 ABC Industries Balance Sheet (as of June 30, 2021) Total Assets =10,197,474 Total Assets =10,197,474. Total Assets =10,626,259. Total Assets =11,047,474. Total Assets =12,049,259. Preferred Shares =1,847,474. Preferred Shares =1,927,259. Preferred Shares =2,094,474. Preferred Shares =2,126,259. Acid-Test Ratio =1.750 Acid-Test Ratio =1.910 Acid-Test Ratio =2.000 Acid-Test Ratio =2.500 Return-on Equity Ratio =0.1062 Return-on Equity Ratio =0.1266 Return-on Equity Ratio =0.1351 Return-on Equity Ratio =0.1632
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