Category Prior year Current year Accounts payable...
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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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