Answer Happy

This test: 600 point(s) possible This question: 30 point(s) possible Crystal Corp. Loiselle Co. 75 $ 25 20 1 Data table Beginning Assets Liabilities Common stock Retained earnings Ending Assets Liabilities Common stock Retained earnings Income Statement Revenues Expenses Net income Statement of retained earnings Beginning RE $ + Net income Dividends declared = Ending RE 1827 48 2923 ? S 49 34 229 213 ? 25 $ ? (7) 34 S 4 45 S 32 2 2 ? S 160 2 4 $ 20 (19) 5 $ Resume later Barry, Inc. 3242 21 ね?? 42 7 (5) 11 6 779 ? - X
< Question 2 Test: Chapters 1-3 Test Review the following financial information Requirement 1. Compute the missing amount (?) for each company (Amounts are in millions.) (Enter a "0" for any zero amounts) Crystal Corp. Loiselle Co. Barry, Inc. Beginning Assets Liabilities Common stock: Retained earnings Ending S 75 $ 48 Assets Liabilities Common stock Retained earnings Income statement Revenues Expenses Net income Statement of retained earnings. Beginning RE S + Net income Dividends 2 J1 49 2 34 229 213 25 $ A 25 20 4 45 $ 32 160 $ 4 S 20 (19) N 2 9 21 42 9
Income statement Revenues Expenses Net income Statement of retained earnings Beginning RE S 25 $ + Net income -Dividends (7) 34 $ = Ending RE Requirement 2. At the end of the year, which company has the Highest not income? Highest percent of net income to revenues? has the highest net income. has the highest percent of net income to revenues esc J 50°F Clear 1 S G 2 229 213 # 3 $ 160 4 $ 20 (19) 5 $ 4 % LO 2 (5) 11 5 9 7 O 17 6