Question 2 1. Fill in the missing amounts which correspond with a letter for each company. Alpha Beta Delta Beginning Assets $30 Liabilities 47 19 $2 Common shares 6 1 2 Retained earnings A 10 3 $78 F $48 30 Ending Assets Liabilities Common shares Retained earnings Dividends B $48 6 27 3 1 D 2 $9 G 2 4 0 Income Statement Revenues Expenses Net Income $216 211 C E $144 $20 19 1 SI 1043 INTRODUCTION TO FINANCIAL ACCOUNTING YORKVILLE UNIVERSITY www.YORKVILLEU Solution Missing Amount B C D E F G 2. At the end of the year, which company has the highest net income? Which company has the highest percentage of net income to revenue? Hint: A statement of retained earnings will help you with your calculations