Please compute EPS and Current Ratio for 20X1 W/out Acquisition financial statements and Consolidated 20X1 Pro Forma. Template is the first image. Please show work. Thank you!

4. Perform ratio analysis. Compute earnings per share for (1) the separate financial statements of Parent, Inc. prepared in #1 and (2) the consolidated financial statements contained in the pro forma consolidation worksheet prepared in #3. Also, calculate current ratiopand return on average stockholders' equity for the separate company (parent) and consolidated financial statements. Requirement 4 - Statements for Ratio Analysis Parent w/o Acq Pro Forma 20X1 Consolidated Statements 20X1 Earnings Per Share + Net Income - Weighted Average C/S Outstanding EPS Parent wlo Acq Pro Forma 20X1 Consolidated Statements 20X1 Current Ratio + Current Assets - Current Liabilities Current Ratio 20X1 Projected wlo Acquisition 20X1 Projected wl Acquisition $ $ $ 880,000 (528,650) (248,860) $ $ $ Sales Cost of Goods Sold Operating Expenses Interest Expense Equity in Subsidiary income Income Before Taxes Income Tax Expense Net Income 880,000 (528,650) (250,860) (10,200) 15,085 105,375 (42,150) 63,225 $ $ $ 102,490 (40,996) 61,494 $ $ $ $ Retained Earnings, January 1 Add: Net Income Less: Dividends Retained Earnings, December 31 $ $ $ $ 42,600 61,494 (38,000) 66,094 42,600 63,225 (38,000) 67,825 Cash (below) $ Accounts Receivable (39,000 x 95%) Inventory (26,000 x 103%) Property, Plant, & Equipment (673,000 + 48,000) Less: Accumulated Depreciation (490,000 + 44,800 $ Investment in Subsidiary $ Total Assets A A A A A A 63,564 37,050 26,780 721,000 (534,800) $ $ $ $ $ $ $ 62,910 37,050 26.780 721,000 (534,800) 177,485 490,425 313,594 Accounts Payable (given) $ 50,500 $ 50,500 Interest Payable $ 5,100 Bonds Payable $ 170,000 Total Liabilities $ 225,600 Common Stock $ 190,000 $ 190,000 Paid-In Capital in Excess of Par $ 7,000 $ 7,000 Retained Earnings $ 66,094 $ 67,825 Total Liabilities & Equities $ 313,594 $ 490,425 *Parent: $12.50 par value. **Subsidiary: $75 par value ***All figures are in US dollars Non- Controlling Interest Consolidated 20X1 Pro Forma S (927,600) Credit Sales Adj. Parent Subsidiary 20X1 20X1 Pro Forma Pro Forma $ (880,000) $ (100,000) (TI) - 1 (TI) - 2 $ 528,650 $ 55,000 (G)-1 (G)-2 $ 250,860 $ 10,000 (E) $ 10,200 Consolidation Adjustments Debit $ 2,400 $ 50,000 $ 195 (TI) - 1 $ 1,600 (TI) - 2 $ 300 Cost of Goods Sold S 533,045 $ 2,400 $ 50,000 $ $ 261,160 10,200 $ 15.085 Operating Expenses Interest Expense Income Tax Expense Equity in Subsidiary income Income Before Taxes Income Tax Expense Noncontrolling interest expense Net Income $ $ $ (15,085) (105,375) $ 42,150 $ (0) (35,000) 14,000 S $ $ 3,820 $ $ (123,195) 56,150 3,820 (63.225) $ $ (63.225) $ (21.000 $ 14,500 Retained Earnings, January 1 Add: Net Income Less: Dividends Retained Earnings, December 31 $ $ $ $ (42,600) $ (63,225) $ 38,000 $ (67.825) $ (14,500) (S) (21,000) 7,000 (28.500) $ $ 1,400 $ $ (42,600) (63,225) 38,000 (67.825) (D) $ 5,600 $ Cash Accounts Receivable Inventory $ $ $ 62,910 $ 37,050 $ 26,780 $ 19,500 13,000 12,000 $ S $ 82,410 50,050 36,985 (G)-1 (G)- 2 $ $ 195 1,600 $ 1,500 Property, Plant, & Equipment Less: Accumulated Depreciation Investment in Subsidiary $ $ $ 721,000 $ (534,800) $ 177,485 213,000 (A) (28,000) (D) $ $ $ 935,500 (563, 100 $ 5,600 (E) (S) (A) 0 $ 300 $ 155,600 $ 12,400 $ 15,085 (A) $ 14,000 Goodwill Total Assets 14.000 555.845 $ $ $ 490,425 $ 229.500 (21,000) Accounts Payable Interest Payable Bonds Payable Noncontrolling interest in Sub. 1/1/X1 $ $ $ (50,500) $ (5,100)| (170,000) $ $ $ (71,500) (5,100) (170,000) (S) (A) $ 38,900 $ 3,100 $ S Noncontrolling interest in Sub. 12/31/X1 Common Stock Paid-In Capital in Excess of Par Retained Earnings Total Liabilities & Equities $ 150,000 $ 30,000 $ $ $ $ (190,000) $ (7,000) $ (67,825) $ (490.425) $ (150,000) (S) (30,000) (S) (28,500) (229.500 42,000 44,420 $ $ $ $ $ $ (44,420) (190,000) (7,000) (67,825 (555.845) $285,180 $ 285,180