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Category Prior year Current year Accounts payable...

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Question

Finance

Category

Prior year

Current year

Accounts payable

41,400

45,000

Accounts receivable

115,200

122,400

Accruals

16,200

13,500

Additional paid in capital

200,000

216,660

Cash

?

?

Common Stock @ par value

37,600

42,000

COGS

131,400

178,148.00

Depreciation expense

21,600

22,265

Interest expense

16,200

16,213

Inventories

111,600

115,200

Long-term debt

135,000

139,678.00

Net fixed assets

377,352.00

399,600

Notes payable

59,400

64,800

Operating expenses (excl. depr.)

50,400

64,663

Retained earnings

122,400

136,800

Sales

255,600

339,782

Taxes

9,900

18,966

What is the current year's return on assets (ROA)? Round to: 2 decimal places (Please explain this on a Microsoft excel spreadsheet, step-by-step and the formula you are using. I need help desperately. Thank you)

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