spence

pence Resources Inc.'s December 31 incomplete balance sheet information follows along with additional information: 46,400 shares were issued and outstanding for all three years. Required: 1. Prepare a three-year comparative balance sheet for Spence Resources Inc. (Enter all amounts as positive values. 2. To evaluate the company's profitability, calculate the ratios for each year shown in the following schedule and determine whether the change was favourable or unfavourable. (Round EPS and the final answers to 2 decimal places.)