ARROW LTD INCOME STATEMENT FOR THE YEAR ENDED DECEMBER 31, 2022 CANADLAN DOLLARS (millions of dollars) * Denotes all of these sales were made on credit ARROW LTD. STATEMENT OF FINANCLAL POSITION AS AT DECEMBER 31, 2022 CANADLAN DOLLARS (millions of dollars) ASSETS ** There were no preferred dividends declared this year. ARROW LTD. INCOME STATEMENT ROOT LTD. INCOME STATEMENT FOR THE YEAR ENDED DECEMBER 31, 2022 CANADLAN DOLLARS (millions of dollars) Denotes all of these sales were made on credit ROOT LTD. STATEMENT OF FINANCIAL POSITION AS AT DECEMBER 31, 2022 CANADLAN DOLLARS (millions of dollars) ASSETS Current assets Short-term investments Accounts receivable Spare parts and supplies inventory Prepaid Maintenance Prepaid expenses Total current assets Investments Property plant, and equipment Office Building Equipment Less: Acc \begin{tabular}{|l|} \hline Vehicles \\ \hline Less: Accu \\ \hline Furniture \end{tabular} Less: Accumulated depreciation Total property, plant and equipment Intangible assets Trademark Patent Total intangible assets Total Assets Liabilities and Shareholders" Equity ** There were no preferred dividends declared this year. *** The Weighted Average number of common shares outstanding are: 25,000,000 The Market price per common share is : Liquidity \begin{tabular}{l|l|l} Arrow & Root & Which is better? \end{tabular} Working Capital: Current Assets - Current Liabilities 1238 294 higher Arrow Current Ratio: \begin{tabular}{l} Current Assets \\ \hline Current Liabilities \\ \hline \end{tabular} 1.6:1 1.12:1 higher Arrow Quick Ratio: \begin{tabular}{l} Cash + Short-term Investments + Accounts Receivable \\ \hline Current Llabilities \end{tabular} 1.4:1 0.90:1 higher Arrow Receivable Turnover: Credit Sales 3.12 times 5.58 times higher Root Accounts Receivable Average Collection Period: ReceivableTurnover365 117 days 65.41 days lower root Inventory Turnover: InventoryCostofGoodsSold Days in Inventory: 59.1 days 126.30 days lower Arrow InventoryTurnover365 Solvency Debt to Total Assets: \( \frac{\text { Total Liabilities }}{\hline \text { Total Assets }} \) Times Interest Earned Net Income+Interest Expense+Income Tax Expense Interest Expense Debt to Total Equity: Total Liabilities Total Equity Profitability Profit Margin: Net Income Sales ROA: Net Income Total Assets Asset Turnover: Sales Total Assets Earnings Per Share: Net Income - Preferred Dividends Weighted Average Number of Shares Price Earnings: \begin{tabular}{l} Market Price per share \\ \hline EPS \end{tabular} Return on Common Shareholder's Equity Net Income - Preferred Dividends Common Shareholder's Equity