Instructions:

$1.$ Prepare a multi$-$step Income Statement in proper form concluding with earnings per share.

In computing earnings per share, assume that the average number of common shares outstanding was $86,000.$

Also show computations of Cost of Goods Manufactured and

Sold.

$2.$ Prepare a Comprehensive Income Statement.

$3.$ Prepare a Statement of Retained Earnings in proper form.

$4.$ Prepare a classified Balance Sheet in proper form.

$5.$ Prepare all the closing entries.

$6.$ Do a vertical analysis on the income statement, showing items as a percentage of Sales.

$7.$ Compute the following for Post Company $($you must show your work to get full credit, round to $2$ decimals$)$:

a$.$ Net working capital.

b$.$ The quick ratio.

c$.$ Receivable turnover, and in days.

d$.$ Inventory turnover, and in days.

e$.$ Debt to equity ratio.

f$.$ Times interest earned ratio.

g$.$ Asset turnover ratio.

h$.$ Return on Assets.

i$.$ Return on Equity.

j$.$ The price earnings ratio.