Question 2

Use the data provided in the spreadsheet to determine the inventory turnover if the beginning inventory was $34 000 Round your answer to one decimal place.

Answer:

Question 6

Use the data provided in the spreadsheet to determine the book value per share. Round your answer to two decimal places (nearest cent), do not enter the $ sign.

Answer:

Question 7

Use the data provided in the spreadsheet to determine the Earnings per Share. Round your answer to two decimal places (nearest cent), do not enter the $ sign.

Answer:

A B ( D My Company Inc. Income Statement For the Year Ended December 31, 2021 Revenue $ 628,500.00 200,115.00 Expenses $ 4,575.00 9,500.00 30,000.00 1,200.00 4,500.00 1,770.00 325,000.00 My Company Inc. Statement Of Retained Earnings For the Year Ended December 31, 2021 $ 1 2 3 4 5 6 7 Net Sales 8 Cost of Goods sold 9 Gross Profit 10 11 12 13 Advertising Expense 14 Amortization Expense 15 Rent Expense 16 Supplies Expense 17 Utilities Expense 18 Vehicles Repair Expense 19 Wages Expense 20 Total Expenses 21 Net Income 22 23 24 25 26 27 28 29 Retained Eamings, January 1 30 Add: Net Income 31 Subtotal 32 Less: Cash Dividends - Common 33 Cash Dividends - Preferred 34 Retained Earnings, December 31 35 36 37 38 39 40 A Income St and R.E Balance Sheet 36,500.00 51,840.00 34,000.00 10,000.00 + $ $ $ $ F 428,385.00 376,545.00 51,840.00 88,340.00 44,000.00 44,340.00 VOG AWN- 2 Current Assets 8 Bank 9 Accounts Receivable 10 Allowance for Doubtful Accounts 11 Inventory 12 Supplies 13 Total Current Assets 14 15 Fixed Assets 16 Equipment 17 Acc. Amort. - Equipment 18 Vehicles 19 Acc. Amort. - Vehicles 20 Total Fixed Assets 21 22 Total Assets 23 24 25 26 Current Liabilities 27 Accounts Payable 28 HST Payable 29 HST Recoverable 30 31 32 Long-Term Liabilities 33 Bank Loan 34 35 Stockeholder' Equity 36 Contributed Capital 37 Share Capital 38 4% Preferred Shares, 8 000 issued 39 Common stock, unlimited, 40 000 issued 40 Total Contibuted Capital 41 Retained Earnings 42 Total Shareholder's Equity 43 Total Liabilities and Owner's Equity 44 45 46 Income St and R.E 17 Total Current Liabilities B My Company Inc. Balance Sheet December 31, 2021 Assets $ 10,500.00 1,000.00 $ 86,700.00 10,000.00 $ $ 236,000.00 62,000.00 Liabilities and Owner's Equity $ $ 10,810.00 6,250.00 70,000.00 160,000.00 $ Balance Sheet $ + $ D 50,500.00 9,500.00 32.200.00 3,000.00 76,700.00 174,000.00 10,500.00 4,560.00 230,000.00 44,340.00 $ $ $ $ F 95,200.00 250,700.00 345,900.00 15,060.00 56,500.00 274,340.00 345,900.00 C