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 Cuse 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: 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): Question 4 1.25 pts Company C's earnings per share equals (round your answer to the nearest penny): 6 Cash 7 Accounts Receivable 8 Notes Receivable 9 Inventory 10 PP&E 11 Accumulated Depreciation 12 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 14 Accounts Payable 15 Notes Payable-Current 16 Notes Payable-L/T 17 Common Stock 18 Additional Paid-in Capital 19 Retained Earnings Accumulated OCI 21 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 20 23 Revenue 24 Cost of Goods Sold . 25 Gross Profit 26 Depreciation Expense 27 General and Admin Expenses 28 Operating Income 29 Other Gains 30 Interest Expense 31 Earnings Before Taxes 32 Income Tax Expense 33 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) 3 6,725 350,000 (220,000) 130,000 (30,000) (30,000) 70,000 8,000 (4,000) 74,000 (25,900) 48,100