1.

2.

1 Power Drive Corporation designs and produces a line of golf equipment and golf apparel. Power Drive has 100,000 shares of common stock outstanding as of the beginning of 2021. Power Drive has the following transactions affecting stockholders' equity in 2021. eBook March 1 Issues 45,000 additional shares of $1 par value common stock for $42 per share. May 10 Purchases 4,000 shares of treasury stock for $45 per share. June 1 Declares a cash dividend of $1.00 per share to all stockholders of record on June 15. (Hint: Dividends are not paid on treasury stock.) July 1 Pays the cash dividend declared on June 1. October 21 Resells 2,000 shares of treasury stock purchased on May 10 for $50 per share. Power Drive Corporation has the following beginning balances in its stockholders' equity accounts on January 1, 2021: Common Stock, $100,000; Additional Paid-in Capital, $3,500,000; and Retained Earnings, $1,000,000. Net income for the year ended December 31, 2021, is $500,000. Required: Prepare the statement of stockholders' equity for Power Drive Corporation for the year ended December 31, 2021. (Amounts to be deducted should be indicated by a minus sign.) Balance, January 1 POWER DRIVE CORPORATION Statement of Stockholders' Equity For the Year Ended December 31, 2021 Additional Total Common Retained Treasury Paid-in Stockholders' Stock Capital Earnings Stock Equity $ $ $ 100,000 $ 0 $ 4,600,000 3,500,000 1,000,000 45,000 1,845,000 1,890,000 180,000 (1,800,000) (141,000) (141,000) 10,000 (90,000) 100,000 (10,000) Issue common stock Purchase treasury stock Declare dividends Resell treasury stock Net income Balance, December 31 $ 145,000 5,345,000 859,000 90,000 $ 6,439,000 Zoogle has the following selected data ($ in millions): (Round your answers to 2 decimal place. Enter your answers in millions (i.e., $10,110,000 should be entered as 10.11).) Net sales $23, 151 Net income 6,470 Operating cash flows 9, 311 Total assets, beginning 26,768 Total assets, ending 35,497 Required: 1. Calculate the return on assets. ($ in millions) Return on Assets Zoogle o 2. Calculate the cash return on assets. ($ in millions) Cash Return on Assets Zoogle 3. Calculate the cash flow to sales ratio and the asset turnover ratio. ($ in millions) Cash Flow to Sales Zoogle ($ in millions) Asset Turnover Zoogle times