Consider Companies A, B and C (see excel Inv Data ) that have 15,000; 5,000...

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Consider Companies A, B and C (see excel Inv Data ) that have 15,000; 5,000 and 15,000 common shares outstanding. respectively. For simplicity, assume the companies' tax expense is 21% of EBT. All three companies choose the same accounting treatment for all items on the financial statements except for inventory. Company A uses FIFO, Company's B and C use LIFO with LIFO reserves of $45,000 and $65,000 respectively. After making the inventory adjustments necessary to compare Companies B and C to Company A: Cash Accounts Receivable Notes Receivable Inventory PP&E Accumulated Depreciation Total Assets Accounts Payable Notes Payable-Current Notes Payable-L/T Common Stock Additional Paid-in Capital Retained Earnings Accumulated OCI Total Liab and Equity Revenue Cost of Goods Sold Gross Profit Depreciation Expense General and Admin Expenses Operating Income Other Gains Interest Expense Earnings Before Taxes Income Tax Expense Net Income Company A Company B Coripany C 3,000 6,600 7,600 50,000 92,000 82,500 15,000 33,750 38,000 100,000 204,000 120,000 500,000 800,000 750,000 (150,000) (275,000) (180,000) 518,000 861,350 818,100 30,000 35 000 31,500 10,000 8,700 9,000 150,000 155,500 143,000 10,000 15,000 20,000 50,000 70,000 75,000 263,000 562,150 529,600 5,000 15,000 10,000 518,000 861,350 818,100 200,000 280,000 350,000 (120,000) (140,000) (220,000) 80,000 140,000 130,000 (20,000) (35,000) (30,000) (35,000) (50,000) (30,000) 25,000 55,000 70,000 5,000 6,000 8,000 (3.000) (4,500) (4,000) 27,000 56,500 74,000 (5.670) (11,865) (15,540) 21,330 44,635 58,460 Company A's net profit margin equals (round your answer to one decimal place. For example, enter 0713298 as 7.1): D Question 2 1.25 pts Company C's net profit margin equals (round your answer to one decimal place. For example, enter.0713298 as 7.1); Question 3 1.25 pts Company A's earnings per share equals (round your answer to the nearest penny): Question 4 1.25 pts Company C's earnings per share equals (round your answer to the nearest penny)

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