The following accounts and related balances of Etse Manufacturing Inc.

The following accounts and related balances of Etse Manufacturing Inc. are arranged in no particular order.

The following accounts and related balances of Etse Manufacturing Inc.

Required
1. Prepare the company's classified balance sheet in the report format at December 31, 2014.
2. Compute the rate of return on total assets and the rate of return on common shareholders' equity for the year ended December 31, 2014.
3. Do these rates of return suggest strength or weakness? Give your reason.

Balance Sheet
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial...

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