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Don't understand how to get these values for a balance sheet. Can someone explain and...

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Accounting

Don't understand how to get these values for a balance sheet. Can someone explain and show step by step please

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AMS Inc. bought land and built its plant 10 years ago. Land is not depreciated. The depreciation on the building and plant is calculated using the straight-line method with a life of 30 years and a salvage value of $500,000. The depreciation for the equipment, all which was purchased at the same time the plant was constructed and is calculated using declining balance method with depreciation rate of 6%. Complete the balance sheet below and find: The value for the total assets The value for the preferred shares The value for the acid-test ratio The value for the return on equity ratio I don't understand how to get the values to then put into the ratio's formulas. Can some explain and show step by step on how to achieve these numbers. Answers: Total assets: $9,577,230 Preferred Shares 1,327,230 Acid Test ratio 1.489 Return on Equity Ratio 0.2505

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