DEN 12:19 Question 8 - Preparation of Financial Statements (19 marks; 35 minutes) Dateghe designs manufactures, and sells performance luxury apparel for men, th, and children. The Company's apparel collections include various styles of parkas, jeranwear footwear and accessories for all seasons. Crayfare statements for the year ended December 31, 2020, included the by sted in alphabetic order with amounts in millions of Canadian dollars). All toe toma ending balances . Financial Suitement Element mrs payable Kes necevable les Ending Balance $ 78 41 Contact 100 478 Dino Didement 146 350 70 * 8 9 1 Ending Balance $ 78 Financial Statement Element 41 Amounts payable Arts receivable Aurelites 100 478 146 Cast Costuted capital Das of sales 350 70 Dereciation expense Gait on sale of equipment 2 General Esperses Goodel 122 105 16 care tar expense home tax payable come tax receivable tangible assets 19 5 155 Y pense betons Long tam dedi 31 342 Ourent assets Property, part and equipment Peained varings Sas Singarinistrative expenses 690 31 350 454 904 Wazo PS 247 31 Large 350 454 Casas Parte plant and equier 904 247 Pandanings Sesvete Salyand administrative expenses Softshant loans 20 Chenbrator 1. The company had an average of 110 million shares outstanding during the year 2020 The Company's total assets at December 31, 2019 is $1,120. Requint Papara, in proper form, a multiple-step (classified) statement of earnings for the year ended December 31, 2020. (9 marks). 2. Pagere, in proper form, the assets section only of a classified statement of trade position at December 31, 2020 (7 marks). 1 Compute the values of two ratios that are based on information reported in the trae cal statements you prepared in requirements 1 and 2, and explain what each sto measures (3 marks) # DEN 12:19 Question 8 - Preparation of Financial Statements (19 marks; 35 minutes) Dateghe designs manufactures, and sells performance luxury apparel for men, th, and children. The Company's apparel collections include various styles of parkas, jeranwear footwear and accessories for all seasons. Crayfare statements for the year ended December 31, 2020, included the by sted in alphabetic order with amounts in millions of Canadian dollars). All toe toma ending balances . Financial Suitement Element mrs payable Kes necevable les Ending Balance $ 78 41 Contact 100 478 Dino Didement 146 350 70 * 8 9 1 Ending Balance $ 78 Financial Statement Element 41 Amounts payable Arts receivable Aurelites 100 478 146 Cast Costuted capital Das of sales 350 70 Dereciation expense Gait on sale of equipment 2 General Esperses Goodel 122 105 16 care tar expense home tax payable come tax receivable tangible assets 19 5 155 Y pense betons Long tam dedi 31 342 Ourent assets Property, part and equipment Peained varings Sas Singarinistrative expenses 690 31 350 454 904 Wazo PS 247 31 Large 350 454 Casas Parte plant and equier 904 247 Pandanings Sesvete Salyand administrative expenses Softshant loans 20 Chenbrator 1. The company had an average of 110 million shares outstanding during the year 2020 The Company's total assets at December 31, 2019 is $1,120. Requint Papara, in proper form, a multiple-step (classified) statement of earnings for the year ended December 31, 2020. (9 marks). 2. Pagere, in proper form, the assets section only of a classified statement of trade position at December 31, 2020 (7 marks). 1 Compute the values of two ratios that are based on information reported in the trae cal statements you prepared in requirements 1 and 2, and explain what each sto measures (3 marks) #