4 exercise and 1 discussion question

Question

Khushboo · Accepted Answer

Sheet1
					in millions	2017	2018	2019
					Retained earnings beginning	1.5	2	2.6
					Revenues	9.3	12.4	11.8
					Expenses	6.6	11.2	11
					Dividends	2.2	0.6	0.6
					Retained earnings closing	2	2.6	2.8
					Net income	2.7	1.2	0.8
					Expense as a percentage of revenue	71%	90%	93%
					Net income as a precentage of revenue	29%	10%	7%
Sheet2
					Multi step income statement
						December 31,2019	December 31, 2020
					Sales revenue	1,000	1,

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