THE PADDLE COMPANY RECREATIONAL LIFE VESTS Comparative Financial Statements Comparative Financial Statements Years Ended December 31 Years Ended December 31 2019 Income Statement 2018 2017 2019 2018 2017 Net Sales Revenue Cost of Goods Sold $ 410,570 $ 383,870 299.110 280.190 111,460 103,680 $ 435,489 $ 425,410 258.756 256.797 176,733 168,613 153.880 151 922 22,853 16,691 865 788 78.290 Gross Profit Operating Expenses Operating Income Interest Expense Income before Income Tax 70.830 33,170 32,850 2980 2.780 21.988 15,903 5137 4.809 S 16,851 S 11.094 Income Tax Expense 30,390 8.780 S. 21.610 29,870 8630 Net Income S. 21.240 Balance Sheet 2019 2018 2017 2019 2018 2017 $ 69,159 $ 70,793 Assets Cash & Cash Equivalents Accounts Receivable Merchandise Inventory Other Current Assets 44,798 44,452 66,341 $ 44,104 76,363 $ 65,730 39,810 68,500 $ 55,270 38,650 $ 36,460 65.230 59930 79.919 15494 209,370 37630 16.264 197,850 24.450 198,490 Total Current Assets 196,780 Focus o 73F Mostly doudy 1.Chap.B... 1.Chap.B... 1.Chap.B. 1.Chap.B... 1.Chap Paragraph Styles Balance Sheet 2019 2018 2017 2019 2018 2017 Assets $ 69,159 $ 70,793 44,798 44,452 79,919 66,341 $ 44,104 76,363 16.264 Cash & Cash Equivalents Accounts Receivable Merchandise Inventory Other Current Assets Total Current Assets Long-term Assets Total Assets Liabilities Current Liabilities 15.494 209,370 89.834 $ 65,730 $ 55,270 39,810 38,650 $ 36,460 68,500 65,230 59,930 24.450 37.630 198,490 196,780 116.760 116 270 $ 315,250 $313.050 $ 310,640 197,850 90.776 $ 299,204 $288.626 $ 276,482 $ 69,554 $ 60,232 $ 90,810 $ 90,010 Pa 31.682 29.936 96.310 105.890 101.236 90.168 187,120 195.900 Long-term Liabilities Total Liabilities Stockholders' Equity Common Stock Retained Earnings 80.885 111.530 102.480 72,795 125.173 117.573 16.600 14.670 A A A A E ALT ADA AaBbCd AaBbcc AaBbcc AaBbcc AaBbcc 1.Chap.B. 1.Chap.B... 1.Chap.B. 1.Chap.B... 1.Chap.B... Fir Re A Sel 5 Paragraph Styles 21 Edit 31 682 96 310 29.936 90,168 105.890 195.900 101,236 187,120 72,795 80.885 125.173 197.968 111.530 102,480 16.600 14.670 128.130 117.150 $315.250 5.313,050 117.573 198.458 $ 288,626 Long term Liabilities Total Liabilities Stockholders' Equity Common Stock Retained Earnings Total Stockholders' Equity Total Liabilities and Stockholder's Equity Other Data Market price per share Annual dividend per share Weighted average number of shares outstanding 197,668 103,840 $299,204 $21.38 5 33.82 $ 51.64 0.32 0.30 $ 46.37 0.53 9,000 0.45 9.000 8,000 8,000 6. Compare the companies' performance for 2019 and 2018. As Corvallis Canoe Company's accountant, make a recommendation to Lucy and Ricky about investing in these companies. Which company would be a better investment, PC or RLV? Base your answer on what you determine is each company's ability to pay current liabilities, ability to sell merchandise and collect receivables, ability to pay long-term debt, profitability, and attractiveness as an investment