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Group B P1-64B. (Learning Objectives 3, 4: Apply the accounting equation; evaluate business operations) Compute the missing amount (?) for each company-amounts in millions Pearl
Group B P1-64B. (Learning Objectives 3, 4: Apply the accounting equation; evaluate business operations) Compute the missing amount (?) for each company-amounts in millions Pearl Co Loomis Co. Bryant Corp eginning Assets S 82 $42 20 10 20 4 Ending S 19 Assets Liabilities Common stock Retained earnings. $62 46 3 37 Income statement S223 216 S 26 Expenses 160 Statement of retained earnings S 35 S20 10 (16) S14 Beginning RE + Net income -Ending RE 37 $ 3 Which company has the highest net income? highest percent of net income to revenues
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