Compute the return on total assets

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Reference no: EM132476652

Common Shareholders'

Equity, June 30, 2019.

Net income

Total assets, June 30, 2019

Interest Expense.

Property, Plant, and

Equipment, net.

Common Shares, 500,000 shares authorized; 272,000 shares issued and outstanding.

Prepaid Expenses

Trademark, net

$200,000

25,000
410,000
7,200

300,000

12,000

$19,000

Preferred Shares, $0.20,

10,000 shares authorized,

issued and outstanding

Cash

Accounts Receivable, net

Accrued Liabilities

Long-term Note Payable

Inventory

Dividends Payable

Retained Earnings

Accounts Payable

29,500 15,000 52,500 30,000 48,500 93,500

10,500

36,000

Required

Question 1. Prepare the company's classified balance sheet in report format at June 30, 2020

Question 2. Compute the return on total assets and the return on common shareholders' equity for the year ended June 30, 2020

Question 3. Do these rates of return suggest strength or weakness? Give your reason.

Reference no: EM132476652

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