INCOME STATEMENT FOR THE YEAR ENDED DECEMBER 31, 2021 CANADLAN DOL.I.ARS (millions of dollars) - Denotes all of these sales were made on credit AKROW LTD. STATEMENT OF FINANCIAL POSITION AS AT DECEMIBER 31, 2021 CANADLAN DOLLARS (millions of dollars) ASSETS Current assets Cash Short-ferm investments Accounts receivable Irventory Spare parts and supplies imventory: Prepaid Maintenance Prepaid expenises Tofal current assets Investments " A Arrow-5 Poot-5: Patio femplate for students - Denotes all of these sales were made on credit AKROW LTD. STATEMENT OF FINANCIAL POSITION AS AT DECEMIBER 31, 2021 CANADLAN DOLLARS (millions of dollars) ASSETS Current assets Cash Short-ferm investments Accounts receivable Irventory Spare parts and supplies imventory: Prepaid Maintenance Prepaid expenises Tofal current assets Investments " A Arrow-5 Poot-5: Patio femplate for students Investments Property plant, and equipmeat Land Office Building Less. Accumulated depreciation Hquipment Less: Accumulated depreciation Vehicles Less: Accumulated depreciation Fumbiture Less: Accumulated depreciation Total property, plant and equipment Intangible assets Irademark Patient Total intangible assets Total Assets Liabilities and Shareholders Equity Current Liabilities Accounts payable Accrued liabilities. Deferred Revenue. Current portion of bank loan and mortgage payable Income Tax payable. Total Current Liabilities Arrow-S Root-5 Ratiotemplate for students Shareholders' Equity Preferred Shares *4 Common Shares 4 * Retaised Earning Total Shareholders' Equity Total liabilities and shareholders' equity +* There were no preferred dividends declared this year. * * The Weighted Average number of common shares outstanding are: The Market price per common share is : CANADLAN DOLLARS (millions of dollars) Revenue 7 Sales Revenue * 8 Rent Revenue 9 Interest Revenue 10 Other Revenues Total revenues 12 Operating expenses Cost of Goods sold Wages expense Salary expense Benefit expense Research and development expense Repairs and mainteance expeave Sales and distribution costs expense Depreciation expeuse - equipment Depreciation expense - vehicles Depreciation expense - firmiture Depreciation expense - office building Insurance expense Property taxes expense Denotes all of these sales were made on credit ROOriz.1D. SIATEMEN OFF HNANCLAL POSITION AS AT DECEMBER 31, 2021 CANADIAN DOL.L.ARS (millions of dollars) ASSETS Arrow:- Root-5 rietio termpiate for alusients ROOT LTD. STATEMENT OF FINANCLAL POSITION AS AT DECEMBER 31, 2021 CANADIAN DOLLARS (millions of dollars) ASSETS Current assets Cash Short-term irvestments Accounts receivable Inventory Spare parts and supplies inventory Prepaid Maintenance Prepaid expenses Total current assets Investments 184 Property plant, and equipment Land Office Building Less: Accumulated depreciation Equipment Less: Accuaulated depreciation Velicies 119 Vehicies 61 Less: Accunulated depreciation Equipment Less: Accumulated depreciation B. C D Vehicles Less: Accumulated depreciation Fumiture Less: Accumulated depreciation Total property, plant and equipment 3.955 Intangible assets Trademark Patent Total intangible assets Total Assets Liabilities and Shareholders' Equity 78 Current Liabilities Accounts payable Accnied liabilities Deferred Revenue Current poition of bank loan and mortgage payable tacome Tax payable Total Coment Liabilities 2.634 61 Less: Accunulated depreciation Equipment Less: Accumulated depreciation B. C D Vehicles Less: Accumulated depreciation Fumiture Less: Accumulated depreciation Total property, plant and equipment 3.955 Intangible assets Trademark Patent Total intangible assets Total Assets Liabilities and Shareholders' Equity 78 Current Liabilities Accounts payable Accnied liabilities Deferred Revenue Current poition of bank loan and mortgage payable tacome Tax payable Total Coment Liabilities 2.634 93. Current portion of bank loan and mortgage payable Income Tax payable Total Current Liabilities 2,634 Non-current liabilities Bank loan payable Mortgage Payable Bond payable Total Non-current liabilities Total Liabilities Shareholders' Equity Preferred Shares ** Common Shares wt Retained Earning Total Shareholders' Equity Total liabilities and shareholders' equity There were no preferred dividends declared this yeafs The Weighted Average number of commor 25,000,000 104 The Matket price per common share is: 20 329 855 772 1.956 Current Assets - Current Liabilities \begin{tabular}{|ll|} $1,538 & $56 \\ \hline \end{tabular}$56 Is higher Which or lower company is better? better? 7 Current Ratio: CurrentLiabilitiesCurrentAssets Quick Ratio: Cash + Short-term I ivestments + Accts Receivable Current Liabilities Receivable Tumover: Credit Sales Accounts Receivable Average Collection Period: Receivable Turnover Inventory Tumover: Alowe fiopolesel-t Ratio iemplate for istudents Receivable Turnover Tumover: Cost of Goods Sold Inventory Days in Inventory: InventoryTurnover365 Solvency Debt to Total Assets: TotalAssetsTotalLiabilities Times Interest Earned Profit+Interest Expense+income Tax Expense Interest Expense. 41. Debt to Total Equity: Total tiabilities Total Equity Profitability. 45 Profitability. 8 C D 45 Profitability. 8 C D INCOME STATEMENT FOR THE YEAR ENDED DECEMBER 31, 2021 CANADLAN DOL.I.ARS (millions of dollars) - Denotes all of these sales were made on credit AKROW LTD. STATEMENT OF FINANCIAL POSITION AS AT DECEMIBER 31, 2021 CANADLAN DOLLARS (millions of dollars) ASSETS Current assets Cash Short-ferm investments Accounts receivable Irventory Spare parts and supplies imventory: Prepaid Maintenance Prepaid expenises Tofal current assets Investments " A Arrow-5 Poot-5: Patio femplate for students - Denotes all of these sales were made on credit AKROW LTD. STATEMENT OF FINANCIAL POSITION AS AT DECEMIBER 31, 2021 CANADLAN DOLLARS (millions of dollars) ASSETS Current assets Cash Short-ferm investments Accounts receivable Irventory Spare parts and supplies imventory: Prepaid Maintenance Prepaid expenises Tofal current assets Investments " A Arrow-5 Poot-5: Patio femplate for students Investments Property plant, and equipmeat Land Office Building Less. Accumulated depreciation Hquipment Less: Accumulated depreciation Vehicles Less: Accumulated depreciation Fumbiture Less: Accumulated depreciation Total property, plant and equipment Intangible assets Irademark Patient Total intangible assets Total Assets Liabilities and Shareholders Equity Current Liabilities Accounts payable Accrued liabilities. Deferred Revenue. Current portion of bank loan and mortgage payable Income Tax payable. Total Current Liabilities Arrow-S Root-5 Ratiotemplate for students Shareholders' Equity Preferred Shares *4 Common Shares 4 * Retaised Earning Total Shareholders' Equity Total liabilities and shareholders' equity +* There were no preferred dividends declared this year. * * The Weighted Average number of common shares outstanding are: The Market price per common share is : CANADLAN DOLLARS (millions of dollars) Revenue 7 Sales Revenue * 8 Rent Revenue 9 Interest Revenue 10 Other Revenues Total revenues 12 Operating expenses Cost of Goods sold Wages expense Salary expense Benefit expense Research and development expense Repairs and mainteance expeave Sales and distribution costs expense Depreciation expeuse - equipment Depreciation expense - vehicles Depreciation expense - firmiture Depreciation expense - office building Insurance expense Property taxes expense Denotes all of these sales were made on credit ROOriz.1D. SIATEMEN OFF HNANCLAL POSITION AS AT DECEMBER 31, 2021 CANADIAN DOL.L.ARS (millions of dollars) ASSETS Arrow:- Root-5 rietio termpiate for alusients ROOT LTD. STATEMENT OF FINANCLAL POSITION AS AT DECEMBER 31, 2021 CANADIAN DOLLARS (millions of dollars) ASSETS Current assets Cash Short-term irvestments Accounts receivable Inventory Spare parts and supplies inventory Prepaid Maintenance Prepaid expenses Total current assets Investments 184 Property plant, and equipment Land Office Building Less: Accumulated depreciation Equipment Less: Accuaulated depreciation Velicies 119 Vehicies 61 Less: Accunulated depreciation Equipment Less: Accumulated depreciation B. C D Vehicles Less: Accumulated depreciation Fumiture Less: Accumulated depreciation Total property, plant and equipment 3.955 Intangible assets Trademark Patent Total intangible assets Total Assets Liabilities and Shareholders' Equity 78 Current Liabilities Accounts payable Accnied liabilities Deferred Revenue Current poition of bank loan and mortgage payable tacome Tax payable Total Coment Liabilities 2.634 61 Less: Accunulated depreciation Equipment Less: Accumulated depreciation B. C D Vehicles Less: Accumulated depreciation Fumiture Less: Accumulated depreciation Total property, plant and equipment 3.955 Intangible assets Trademark Patent Total intangible assets Total Assets Liabilities and Shareholders' Equity 78 Current Liabilities Accounts payable Accnied liabilities Deferred Revenue Current poition of bank loan and mortgage payable tacome Tax payable Total Coment Liabilities 2.634 93. Current portion of bank loan and mortgage payable Income Tax payable Total Current Liabilities 2,634 Non-current liabilities Bank loan payable Mortgage Payable Bond payable Total Non-current liabilities Total Liabilities Shareholders' Equity Preferred Shares ** Common Shares wt Retained Earning Total Shareholders' Equity Total liabilities and shareholders' equity There were no preferred dividends declared this yeafs The Weighted Average number of commor 25,000,000 104 The Matket price per common share is: 20 329 855 772 1.956 Current Assets - Current Liabilities \begin{tabular}{|ll|} $1,538 & $56 \\ \hline \end{tabular}$56 Is higher Which or lower company is better? better? 7 Current Ratio: CurrentLiabilitiesCurrentAssets Quick Ratio: Cash + Short-term I ivestments + Accts Receivable Current Liabilities Receivable Tumover: Credit Sales Accounts Receivable Average Collection Period: Receivable Turnover Inventory Tumover: Alowe fiopolesel-t Ratio iemplate for istudents Receivable Turnover Tumover: Cost of Goods Sold Inventory Days in Inventory: InventoryTurnover365 Solvency Debt to Total Assets: TotalAssetsTotalLiabilities Times Interest Earned Profit+Interest Expense+income Tax Expense Interest Expense. 41. Debt to Total Equity: Total tiabilities Total Equity Profitability. 45 Profitability. 8 C D 45 Profitability. 8 C D