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Excerpts from the statements of comprehensive income for Yaoming Adventures Limited for the #2. (6 marks) Net earnings increased from a loss of $2 million
Excerpts from the statements of comprehensive income for Yaoming Adventures Limited for the \#2. (6 marks) Net earnings increased from a loss of \$2 million in 2021 to a profit of $74 million in 2022, a very substantial increase. Suppose the company's common share price increased only approximately 20% during the same period. Why might this be the case? Relate the 20% increase in share price to the components of net income. \#3. (6 marks) Would you expect net income in 2023 to be more or less than the amount reported in 2022? More specifically, assuming no new unusual, nonrecurring items, what amount would you estimate net income to be in 2023
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