1. What is the difference between financial reporting and financial statement analysis? 2. What is the role of financial statement analysis? 3. What's the best financial statement to determine a company's financial position? 4. What's the best financial statement to determine a company's profitability for a period? 5. The financial statement that presents a shareholder's residual claim on the assets? 6. What part of reports are accounting policies, methods, and estimates used in preparing financial statement most likely to be found? 7. For the year ended 31 DEcember 2019, ABC had net income of $2,500,000. The company declared and paid $200,000 of dividends on preferred stock. Using the formula Net Income Preferred dividends Basic EPS = Weight average number of shares outstanding and the following stock information: Shares outstanding on Jan 2019 Shares issued on 1 April 2019 Shares repurchased on 1 Oct 2019 Shares outstanding on 31 Dec, 2019 1,000,000 200,000 (100,000) 1,100,000 What is the company's earnings per share? 8. For 2019, ABC had net income of $1,000,000. At 1 Jan 2019, there were 1,00,000 shares outstanding. On 1 July 2019, the company issued 100,000 new shares for $20 per share. The company paid $200,000 9. What is the formula for Net profit margin