Answer the following questions based on the 2022 financial statements AT&T. Refer to the 2022 AT&T Form 10k, Form 10Q, AT&T company earnings April 20, 2023. AT&T shares sink after company posts softer than expected revenue, cash flow

PUBLISHED THU, APR 20 202311:03 AM EDT UPDATED THU, APR 20 20234:08 PM EDT

1. Fully analyze the 2022 profit margin and common size income statement.
2. Fully analyze the 1^st quarter of 2023 profit margin and common size income statement.
3. What are total liabilities as a percent of total assets at 3/31/2023, 12/31/2022, and 12/31/2021? Why were total assets much lower in 2022 than the end of 2021?
4. What percent of Accounts receivables does AT&T expect to collect in 2023? What was this percentage for 2022? Use the 10k only.
5. What journal entries were made for (i) bad debt expense, and (ii) write-offs in 2022? What was the effect of these entries on total assets, liabilities, equity, revenues, expenses, and net income. Give both direction and amount. Use the 10k only.
6. Cash flows from investing were negative in 2022. Is this a problem? Explain
7. What was the stock market reaction to the 1^st quarter earnings announcement? The announcement was made before the market opened on April 20, 2023. Was the reaction justified? Explain. An article about the earnings is in Canvas.
8. What was the calendar percentage stock market return, net of the S&P return, for calendar 2020, 2021, 2022, and 2023 (until 5/5/2023)? Do the main accounting numbers support these returns? Explain.
9. From the statement of cash flows on the 10k, why are cash flows from operations so much different than net income in 2022?