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 AccrualsTax Rate Instructions: As a group. complete the following activities using the financial 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 20170. Prepare Common-Size financial statements of income statement and balanceD sheet. Prepare Statement of Cash Flows 2 0 1 6432 .0009 .000340 .000203 . 768323.432864 .0001 8.90048 .600491 .00062 .500 100.000 8.50351 .200145.600?15.200200.000146.200136.000 40% 2017$5,834.400?.282720.0009?.6321.000.0004.980.000116.96020.0001.202.950176.000 100.000 6 632.160324.000 1 .28?.360720.000263.160284.96040%

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