The MBA802 Company failed to record (accrue) $9,000,000 of cost related to vendor invoices and...

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Accounting

The MBA802 Company failed to record (accrue) $9,000,000 of cost related to vendor invoices and warranty liability at year-end. With this omission, the company's summary financial statements were stated as follows:
Summarized Income Statement
Sales $97,000,000
All Cost (incl. Interest & Taxes) $83,000,000
Net Income $14,000,000
Summarized Balance Sheet
This Year Last Year
Assets:
All Current Assets combined $74,000,000 $68,000,000
All Long-Term Assets combined $61,000,000 $59,000,000
Total Assets: $135,000,000 $127,000,000
Liabilities & Stockholders Equity
All Current Liabilities combined $61,000,000 $57,000,000
All Long-Term Liabilities combined $35,000,000 $45,000,000
Stockholders Equity $39,000,000 $25,000,000
Total Liabilities & Equity $135,000,000 $127,000,000
Answer the following questions:
Current Ratio per Company Statements? [a]
Current Ratio if Statements Fixed This Error? [b]
Would the Current Ratio Be Better or Worse? [c]
ROI per Company Statements? [d]
ROI if Statements Fixed This Error? [e]
Would the ROI be Better or Worse? [f]
ROE per Company Statements? [g]
ROE if Statements Fixed This Error? [h]
Would the ROE be Better or Worse? [i]
Important Notes Regarding How You Should Input Your Answers :
Display Current Ratio in the following format only x.xx (in other words, go to 2 decimal points)
Display ROI and ROE responses in the following format only x.x%(in other words, go to one decimal point and include the percentage sign)
Display the Better/Worse responses only using one of the following 2 choices: Better Worse

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