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the following accounts and december 31 2012 balances of georgia optical corporation 4244070

The following accounts and December 31, 2012, balances of Georgia Optical Corporation are arranged in no particular order.Total assets, Dec 31, 2011 . . . . . . . . $ 505,000Common equity, Dec 31, 2011 . . . . . . 305,000Net income, 2012 . . . . . . . . . . . . . . . . . 45,000Interest expense, 2012 . . . . . . . . . . . . . . 3,500Requirements1. Prepare the company’s classified balance sheet in account format at December 31, 2012.2. Compute Georgia Optical’s rate of return on total assets and rate of return on common stockholders’ equity for the year ended December 31, 2012.3. Do these rates of return suggest strength or weakness? Give yourreasoning.
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The following accounts and December 31 2012 balances of Georgi

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