Consider Companies A, B and C (see excel Drill 4 Inventory.xlsx ) that have 15,000; 5,000 and 15,000 common shares outstanding respectively. For simplicity, assume the companies' tax expense is 35% of EBT. All three companies choose the same accounting treatment for all items on the financial statements except for inventory. Company A uses FIFO, Company's B and C use LIFO with LIFO reserves of $45,000 and $65,000 respectively. After making the inventory adjustments necessary to compare Companies B and C to Company A: Cash Accounts Receivable Notes Receivable Inventory PP&E Accumulated Depreciation Total Assets Company A 3,000 50,000 15,000 100,000 500,000 (150,000) 518,000 Company B 6,600 92,000 33,750 204,000 800,000 (275,000) 861,350 Company C 7,600 82,500 38,000 120,000 750,000 (180,000) 818,100 Accounts Payable Notes Payable-Current Notes Payable-LT Common Stock Additional Paid-in Capital Retained Earnings Accumulated OCI Total Liab and Equity 30,000 10,000 150,000 10,000 50,000 263,000 5,000 518,000 35,000 8,700 155,500 15,000 70,000 562,150 15,000 861,350 31,500 9,000 143,000 20,000 75,000 529,600 10,000 818,100 Revenue Cost of Goods Sold Gross Profit Depreciation Expense General and Admin Expenses Operating Income Other Gains Interest Expense Earnings Before Taxes Income Tax Expense Net Income 200,000 (120,000) 80,000 (20,000) (35,000) 25,000 5,000 (3,000) 27,000 (9,450) 17,550 280,000 (140,000) 140,000 (35,000) (50,000) 55,000 6,000 (4,500) 56,500 (19,775) 36,725 350,000 (220,000) 130,000 (30,000) (30,000) 70,000 8,000 (4,000) 74,000 (25,900) 48,100 Question 1 1.25 pts Company A's net profit margin equals (round your answer to one decimal place. For example, enter .0713298 as 7.1): Question 2 1.25 pts Company C's net profit margin equals (round your answer to one decimal place. For example, enter 0713298 as 7.1): Question 3 1.25 pts Company A's earnings per share equals (round your answer to the nearest penny): D. Question 4 1.25 pts Company C's earnings per share equals (round your answer to the nearest penny)