help me out with these questions.. Income statement: determine gross profit, income from operations, and net income
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help me out with these questions..
Income statement: determine gross profit, income from operations, and net income for the last two years. Comment on the increases or decreases in these amounts.
Balance sheet: show that assets = liability + stockholders' equity for the past two years.
Statement of cash flows: indicate whether the company's cash flows from operations for the past two years are more or less than net income. Also indicate whether the company is expanding through investing activities. Identify the company's most important source of financing. Overall, has cash increased or decreased for the past two years?
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