2 3 4 5 6 Revenue 7 Sales Revenue * 8 Rent Revenue 9 Interest Revenue 10 Other Revenues 11 Total revenues 12 13 Operating expenses 14 Cost of Goods sold ARROW LTD. INCOME STATEMENT FOR THE YEAR ENDED DECEMBER 31, 2021 CANADIAN DOLLARS (millions of dollars) $1,330 498 390 51 15 Wages expense 16 Salary expense 17 Benefit expense 18 19 20 21 Research and development expense Repairs and maintenance expense Sales and distribution costs expense Depreciation expense-equipment 22 Depreciation expense-vehicles 23 Depreciation expense- furniture 24 Depreciation expense-office building 341 317 148 154 50 26 124 25 11 5 $2.269 A B C D E F 11 5 8 8 51 57 67 30 17 130 1,569 700 175 525 22 Depreciation expense-vehicles 23 Depreciation expense-furniture 24 Depreciation expense-office building Property taxes expense Food and beverage expense 25 Insurance expense 26 27 28 Supplies expense 29 30 31 Interest expense Information technology expense Advertising expense 32 Total operating expenses 33 Profit before income tax 34 Income Tax expense 35 Profit 36 37 Denotes all of these sales were made on credit 38 39 40 41 43. ARROW LTD. STATEMENT OF FINANCIAL POSITION AS AT DECEMBER 31, 2021 41 42 43 44 45 ASSETS 46 47 Current assets 48 Cash 49 Short-term investments 50 Accounts receivable 51 52 53 54 Inventory Spare parts and supplies inventory Prepaid Maintenance Prepaid expenses 55 Total current assets 56 57 Investments 58 59 Property plant, and equipment 60 Land ARROW LID. STATEMENT OF FINANCIAL POSITION AS AT DECEMBER 31, 2021 CANADIAN DOLLARS (millions of dollars) $1,939 683 250 106 103 216 50 $3,347 135 61 Office Building 62 63 Less: Accumulated depreciation Equipment Lou Accumulated depreciation. $3.185 52 572 2,613 2,486 365 2,121 A 8 D E G H 61 Office Building $3,185 62 Less: Accumulated depreciation 572 2,613 63 Equipment 2,486 64 Less Accumulated depreciation 365 2,121 65 Vehicles 673 66 Less Accumulated depreciation 111 562 67 Furniture 68 Less: Accumulated depreciation 69 Total property, plant and equipment 70 207 59 148 5,496 71 Intangible assets 72 Trademark 73 Patent 74 Total intangible assets 75 Total Assets 76 77 Liabilities and Shareholders' Equity 78 79 Current Liabilities 58 60 29 89 9,067 NO Accounts payable 81 Accrued liabilities 82 Deferred Revenue 03 64 Current portion of bank loan and mortgage payable Income Tax payable 85 Total Current Liabilities 525 126 429 367 493 106 1,940 C D E 82 Deferred Revenue 429 83 84 Current portion of bank loan and mortgage payable Income Tax payable 367 65 Total Current Liabilities 86 87 Non-current liabilities 493 1,940 88 Bank loan payable 89 Mortgage Payable 90 Bond payable 91 Total Non-current liabilities 92 93 Total Liabilities 94 95 Shareholders' Equity 96 Preferred Shares 97 Common Shares *** 98 Retained Earning 99 Total Shareholders' Equity 100 101 Total liabilities and shareholders' equity 102 103 There were no preferred dividends declared this year. 104 105 106 The Weighted Average number of common shares outstanding are The Market price per common share is 20,000,000 45 470 287 1,136 1,893 3,833 458 544 4,232 5,234 9,067 12 Liquidity Working Capital: Current Assets - Current Liabilities 7Current Ratio: 8 9 10 Current Assets Current Liabilities 11 Quick Ratio: 12 13 14 Cash + Short-term Investments + Accts Receivable Current Liabilities 15 Receivable Turnover: 16 17 18 Credit Sales Accounts Receivable 19 Average Collection Period: 20 21 365 Receivable Turnover Arrow 11 6 A XV fx B Average Collection Period: 365 Receivable Turnover Inventory Turnover: Cost of Goods Sold Inventory 7 Days in Inventory: 8 365 9 Inventory Turnover 0 1 Solvency 32 83 Debt to Total Assets: 84 85 36 Total Liabilities Total Assets C D 37 Times Interest Earned 38 39 40 Profit+Interest Expense+Income Tax Expense Interest Expense 41 Debt to Total Equity: 42 43 44 Total Liabilities Total Equity 45 Profitability 46 47 Profit Margin: 48 49 50 Profit Sales 51 Return On Assets (ROA): 52 53 54 Profit Total Assets 55 Asset Turnover: 56 57 58 Sales Total Assets 59 Earnings Per Share: 60 61 62 Profit Preferred Dividends Weighted Average Number of Shares 63 Price Earnings: 64 65 66 Market Price per share EPS A 55 Asset Turnover: 56 57 58 Sales B Total Assets 59 Earnings Per Share: 60 61 62 Profit Preferred Dividends - Weighted Average Number of Shares 63 Price Earnings: 64 65 66 Market Price per share EPS 67 Return on Common Shareholder's Equity 68 69 Profit Preferred Dividends - Common Shareholder's Equity D 70 71 72 73 34 74 D E