* Company purchased a warehouse for a great bargain at the end of 2019. The Company also paid down some of its long-term note with the bank.
** An additional 100,000 shares of common stock were issued during 2019 at a price of $8.00 per share paid by investors.
*** Dividends were declared and paid to shareholders during 2019. Balance of retained earnings 12/31/2019 needs to be calculated.
REQUIRED: for the current year only, all in good form			suggestion: check off each item after completion to ensure you do all requirements			124
1. Prepare a multi-step (classified) income statement, including earnings per share (EPS).						26
2. Prepare a statement of stockholders' equity.						14
3. Prepare a classified balance sheet and document proof of Accounting Equation.						27
4. Prepare a statement of cash flows.						37
General allocation points (neatness, readability, formatting, etc.)						10
5. Using your prepared financial statements, calculate your choice of any three (3) financial ratios from the list below (cleary identify/label your choices & work).						10
Debt to Equity
AR Turnover or Inventory Turnover (can choose only 1 of these turnovers)
Return on Equity (ok to use ending balance instead of average for ROE)
Quality of Income
Gross Profit Margin
Net Profit Margin (also known as net income margin)
Price Earnings (P/E) ratio