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Review the following financial information. >> (Click the icon to view the financial information.) Read the requirements. Data table Beginning Assets Liabilities Common stock
Review the following financial information. >> (Click the icon to view the financial information.) Read the requirements. Data table Beginning Assets Liabilities Common stock Retained earnings Requirements 1. Compute the missing amount (?) for each company. (Amounts are in millions.) 2. At the end of the year, which company had the highest net income? highest percent of net income to revenues? Ending Assets Liabilities Common stock Retained earnings C Requirement 1. Compute the missing amount (?) for each company. (Amounts are in millions.) (Enter a "0" for any zero amounts.) Topaz Corp. Hagar Co. Bryan, Inc. C Beginning Assets C Liabilities Common stock Retained earnings S 81 $ 41 48 17 2 3 5 6 23 19 11 C Ending Assets 82 s 60 $ 22 C Liabilities 49 29 Common stock 3 3 C Retained earnings 37 Income statement C Revenues S 224 S 30 210 144 Expenses C Net income 14 Statement of retained earnings C Beginning RE $ 30 S 19 S 11 + Net income 14 26 8 C - Dividends (7) (20) (1) S 37 S 25 S 18 = Ending RE Print Done Topaz Corp. Hagar Co. Bryan, Inc. $ 81 S 41 ? 48 17 2 3 5 6 ? 19 11 49 37 Gwen ? S 60 $ 22 29 ? ? Income Statement Revenues Expenses $ 224 ? $ 210 144 Net income ? ? 8 53 35 Statement of retained earnings Beginning RE $ 30 S 19 $ 11 + Net income ? 26 8 - Dividends declared (7) (20) (1) $ 37 S 25 $ 18 = Ending RE Print Done
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