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Review the following financial information. (Click the icon to view the financial information.) Read the requirements. C Requirement 1. Compute the missing amount (?)
Review the following financial information. (Click the icon to view the financial information.) Read the requirements. C Requirement 1. Compute the missing amount (?) for each company. (Amounts are in millions.) (Enter a "0" for any zero amounts.) Beginning Assets Liabilities Common stock Sapphire Corp. Hagar Co. Branch, Inc. S 84 S 44 45 24 3 3 5 5 Data table ata Table Beginning Assets Liabilities Common stock Retained earnings A Ending Assets Linbilition L Sapphire Corp. Hagar Co. Branch, Inc. S - X ? 2357 84 $ 44 45 24 255 ? 15 2532 ? $ 64 $ 18 AB 24 82 Print Done Data table Assets Liabilities Common stock Retained earnings ? $ 64 $ 18 46 3 39 434?? ? 8262 Income Statement Revenues 225 7 $ 38 Expenses 213 150 Net income ? ? 322 ? ? Print Done Data table Revenues Expenses Net income S 225 213 ? $ 38 150 ? ? 322 ? ? Statement of retained earnings Beginning RE $ 36 $ 15 $ 7 + Net income ? 28 7 Dividends declared (9) (19) (4) $ 39 $ 24 $ 10 = Ending RE Print Done Ending RE 39 D 245 Requirement 2. At the end of the year, which company 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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