1. Below is selected information from the yearly financial statements of Dias Corporation:

2022 2021

Total assets $500,000 $507,500

Total liabilities 408,850 395,500

Interest expense 30,000 20,250

Income tax expense 26,200 25,250

Profit 92,800 101,000

Cash provided by operating activities 104,300 111,500

Cash used in investing activities 46,000 42,500

Cash dividends paid 55,000 55,000

Instructions:

(a) Calculate the debt to total assets ratio, the interest coverage ratio, and free cash flow for 2021and 2022. ( )

(b) Comment on whether Dias's overall solvency has improved or deteriorated in 2022. (

2.Briefly explain the two (2) payment approaches for instalment notes payable.

3. a) Define discontinued operations.(

b) Detail wherethey are reported on a company's financial statements. (

c) Describe the components of how they are reported on a company's financial statements.

(