return calculations use the following balance sheet for paul bunyan lumber co along 635944

Return Calculations Use the following balance sheet for Paul Bunyan Lumber Co. along with the income statement in the previous question to calculate return on assets and return on equity.

Paul Bunyan Lumber 2008 Balance Sheet

Cash and cash equivalents

$400

Operating assets

400

Property, plant, and equipment

3,160

Other assets

216

Total assets

$4,176

Current liabilities

$720

Long term debt

612

Other liabilities

60

Total liabilities

$1,392

Paid in capital

$600

Retained earnings

2,184

Total shareholder equity

$2,784

Total liabilities and equity

$4,176