Financial Statements Essay

2. reexamine the Financial Statements Income Statement from the Accounting and clerking lesson under the telephone circuit Finance section of this course. Use the information from the example income statement for Jamies Bead Jewelry to answer the questions below.a. What are the two sources of revenue for the confederacy? (0.5 points)b. What is the companys total revenue? (0.5 points)c. What is the companys straighten out profit? (0.5 points)d. Is the company experiencing a profit, or a loss? (0.5 points)3. Review the Financial Statements Balance Sheet from the Accounting and Bookkeeping lesson under the stage business Finance section of this course. Use the information from the example balance rag week for Jamies Bead Jewelry to answer the questions below.a. What is the value of the companys assets? (0.5 points)b. What is the total of the companys liabilities? (0.5 points)c. What is the total owner candour? (0.5 points)4. enter the following financial ratios. TIP If you dont remember how to look financial ratios, review the Calculating Financial Ratio pages from the Accounting and Bookkeeping lesson under the Business Finance section of this course.a. A company makes a net profit before taxation of $12,000 and has $20,000 in total equity. inscribe the companys drive out on equity as a percentage. (0.5 points)b. A company makes a net profit before tax of $5,000 and has total assets with a value of $10,000. Calculate the companys return on assets as a percentage. (0.5 points)c. A company has $1,400 in liabilities and $1,500 in assets. Calculate the companys debt ratio as a percentage. (0.5 points)d. A company has $1,400 in liabilities and $1,500 in equity. Calculate the companys debt to equity ratio as a percentage. (0.5 points)e. A companys electric certain assets are $30,000 and current liabilities are $19,000. Calculate the companys current ratio as a percentage. Does the company have enough assets to establish its liabilities? (1.0 points)