English question "Apostrophe"

Question

"The companys mission statement will be reviewed next week." Should it be "companys" or "company's"?

Answer 1

The rule for singular nouns ending in y, is (apostrophe) 's if the word end in y.

For more one company, change the "y" to "i" and add 'ies."

Answer 2

It should be "company's" (with an apostrophe) to show possession, indicating the mission statement belongs to the company.

Corrected sentence: "The company's mission statement will be reviewed next week."