The following ratios have been computed for Southern Company for 2017. 
The 2017 financial statements for Southern Company with missing information follows: 
Instructions
Use the above ratios and information from the Southern Company financial statements to fill in the missing information on the financial statements. Follow the sequence indicated. Show computations that support your answers.
Correct Answer:
Verified
(1) Net income = $40000; ($200000 × 20...View Answer
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