question archive Compute and report the missing items in the Balance Sheet below
Compute and report the missing items in the Balance Sheet below
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Compute and report the missing items in the Balance Sheet below.
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Balance Sheet of OMCO Year-Ended 2018 |
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Cash |
Accounts payable |
$296,000 |
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Accounts receivable |
$197.000 |
Notes payable |
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Inventory |
$508,000 |
Current liabilities |
$585,000 |
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Current assets |
$984,000 |
Long-term debt |
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Total liabilities |
$1,735,000 |
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Tangible net fixed assets |
$5,100,000 |
Shareholders' Equity |
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Intangible net fixed assets |
$847,000 |
Common stock |
$610.000 |
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Accumulated retained earnings |
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Total assets |
Total liabilities & owners' equity |
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If the company reported a net income of 1.085.090 USD over the same accounting period (i.e. 01.01.2018-31.12.2018); compute ROA, cash ratio and ROE. Comment briefly what these three financial ratios indicate in terms of the performance of the company.
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