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Finance date of Adams Stores. Inc. for the year ending 2016 and 2017. Items Sales $3.
Cash Other Expenses Retained Earnings Long-term debt Cost of goods sold 2.
Depreciation Short-term investments Fixed Assets Interest Expenses Shares outstanding (par value = $4.60) Market Price of stock Accounts Receivable Accounts payable Inventory Notes Payable Accumulated Depreciation Accruals
Tax Rate Instructions: As a group. complete the following activities using the ļ¬nancial information above: Part 1: Financial Statements A. Prepare the income statement for 2016 and 2017. Include statement of retained earnings for 2017 B. Prepare the balance sheet for 2016 and 2017
0. Prepare Common-Size financial statements of income statement and balance
D sheet
. Prepare Statement of Cash Flows 2 0 1 6
432 .000
9 .000
340 .000
203 . 768
323.432
864 .000
1 8.900
48 .600
491 .000
62 .500 100.000 8.50
351 .200
145.600
?15.200
200.000
146.200
136.000 40% 2017
$5,834.400
?.282
720.000
9?.632
1.000.000
4.980.000
116.960
20.000
1.202.950
176.000 100.000 6 632.160
324.000 1 .28?.360
720.000
263.160
284.960
40% Finance