Question 23 (4 points) 49 Listen Balance Sheet Current assets Cash 1,050,000 Aco receivable not given Inventories 1,500,000 Fixed assets 4,200,000 TOTAL ASSETS 7,500,000 Current liabilities Ace payable not gives Long-term debt 2.300.000 Common stock 400,000 Retained earnings 5.960.000 TOTAL LIAB and EQUITY 2004 49 & 6 4 5 R 8 F G H J K |VB|N|M T 7 Y DAY a B Income Statement Sales 22,500,000 Operating expense 18, 680,000 EBIT 3,820,000 Intereat expense 230,000 EBT 3,590,000 Taxes 1,436,000 Net income 2,154,000 What is the firm's return on ecosos equity? 31.40% 359.00% 54.39% 5 R F T G 6 Y & 7 H U 00 8 K 4 interest expense 430, UUU EBT 3,590,000 Taxes 1,436,000 Net income 2,154,000 What is the firm's return on common equity? 31.40% 359.00% 54.39% 28.72% 47.24% Question 24 (4 points) 40 Listen 5 R T LO 6 & 7 U 8 0.0