The Following Ratios Have Been Computed for Southern Company for 2017

question 92

Essay

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.

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Definitions:

Operating Revenue

Income earned from a company's primary business activities, excluding non-operating income sources like investments.

Operating Expenses

Costs associated with the operation of a business, such as rent, utilities, and payroll, that are not directly tied to the production of goods or services.

Loss on Disposal

The financial loss recognized when the selling price of an asset is less than its carrying amount on the balance sheet.

Operating Expenses

Expenses incurred in the normal operations of a business, including costs such as rent, salaries, and utilities, but not including cost of goods sold.