Question: Compute the missing amount (?) for each company. (Amounts are in millions.) At the end of the year, which company had the highest net

Compute the missing amount (?) for each company. (Amounts are in millions.)

Babble Co. Floralties, Inc. Drake Co. Beginning Assets.. $ 79 $35 Liabilities .. 51 15 5 Common stock.. 5 2 Retained ear

At the end of the year, which company had the
■ highest net income?
■ highest percent of net income to revenues?

Babble Co. Floralties, Inc. Drake Co. Beginning Assets.. $ 79 $35 Liabilities .. 51 15 5 Common stock.. 5 2 Retained earnings.. 15 6. Ending $ 15 $53 Assets... Liabilities .. 52 27 Common stock.. Retained earnings.. 35 Income statement $ 27 $ ? $227 Revenues. Expenses 218 153 Net income.. Statement of retained earnings Beginning RE. + Net income.... - Dividends declared Ending RE. $ 27 $ 6 $15 10 4 . (1) $ 35 (4) $ 6 (11) $14

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