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Review the following financial information. (Click the icon to view the financial information.) Read the requirements. Requirement 1. Compute the missing amount (?) for
Review the following financial information. (Click the icon to view the financial information.) Read the requirements. Requirement 1. Compute the missing amount (?) for each company. (Amounts are in millions.) (Enter a "0" for any zero amounts.) Anethyst Corp. Lowell Co. Bailey, Inc. Beginning Assets 83 $ 41 Liabilities 48 Common stock 8 25 24 6 5 Data table Beginning Assets Liabilities Common stock Retained earnings Ending Assets Linhilition Amethyst Corp. Lowell Co. Bailey, Inc. $ 48 8 8 83 $ 41 24 ? ? 654 252 12 ? $ 61 $ 17 2 21 50 Print Done Data table Ending Revie Assets ? $ 61 $ 17 Liabilities 50 34 Read Common stock 8 ? Retained earnings 32 7242 ? Income Statement Requ Revenues 228 38 Expenses 218 162 ? Begi Net income ? ? ? Data table Revenues Expenses Net income wwwwwww SA $ Statement of retained earnings Beginning RE + Net income - Dividends declared = Ending RE 228 218 ? $ 38 162 ? 822 ? ? $ 27 $ ? (5) $ 32 $ 22 12 $ 4 8 24 (4) 20 $ 8 Requirement 2. At the end of the year, which compey has the! Highest net income? Highest percent of net income to revenues? has the highest net income. has the highest percent of net income to revenues.
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