Obtaining Accounting Information Information about an organization’s operations and financial position can be found in its income statements and balance sheets. For each of the questions below, indicate whether you would expect to find the required information in the company’s income statements, balance sheets, or another source.

a. Has the company earned more revenue this year than last year?

b. Is the company’s net investment in property plant and equipment increasing?

c. Does the company have long-term debt? If so, has additional debt been issued during the past year?

d. What is the company’s largest operating cost or expense?

What percent is this cost or expense of total net revenue?

Has the percent increased or decreased during the past three years?

e. How much income tax did the company pay during the last year?

f. If [hold 100 shares of the company’s stock, did my earnings on each share increase or decrease this year?
g. How many people are employed by the company?