Woldenga Equipment Inc reported the figures shown

below for 2014 #8323

Woldenga Equipment Inc. reported the figures shown below for 2014 and
2013.____________________________________2014 2013Income statement:Interest
expense..................................$ 5,200.......$ 3,700Net
income..........................................3,250.........5,200Balance sheet:Total
assets.......................................105,000.........95,000Preferred shares, $1.15,200 shares issued
and outstanding...............1,000..........1,000Common shareholders'
equity...................46,700.........43,000Total shareholders'
equity........................47,700.........44,000Compute the rate of return on total assets (ROA) and
the rate of return on common shareholders' equity (ROE) for 2014. Do these rates of return
suggest strength or weakness? Give your reasons.View Solution:
Woldenga Equipment Inc reported the figures shown below for 2014

ANSWER
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