Financial Statement Analysis What are the weaknesses in the Sement examples for interpreting its financial well-being? Explain.

Summarized Statement of Income Revenue 77,327 Cost of goods sold 56,284 Operating income 21,043 Less:

Depreciation 2,130 Other expenses 16,039 Income from continuing operations before income taxes 2,874 Summarized Statement of Income Income taxes 1,015 Income from continuing operations 1,859 Income from discontinued operations, net of taxes 4,027 Net income 5,886 Summarized Statement of Financial Position Assets Liabilities Current assets Current liabilities Cash and cash equivalents 6,893 Trade payables 8,860 Trade and other receivables 15,785 Other current liabilities 33,591 Inventories 14,509 Total current liabilities 42,451 Other current assets 6,055 Long-term debt 14,260 Total current assets 43,242 Other non-current liabilities 10,372 Non-current assets 51,221 Total liabilities 67,083 Equity 4,391 Retained earnings 22,989 Total assets 94,463 Total liabilities and equity 94,463