I would appreciate if someone could let me know if my answers in the beginning are correct, (obviously I know the page number is) but for the period covered question I would include all three years correct, not just the most recent one? I am also needing assistance with question #2, I am getting confused by the second section of the report, would the TOTAL income for 2022 be the very last line $11,303 meaning I would compare 2021 14,238-11,303 to show a loss of 2,935? Or would I ignore the comprehensive income section and use 9945-9708=for a loss of 237?

For question five I have found the equation in my book Profit Margin= Net incomeet sales *100 so for 2022 so using 2022 net income 9708/156735=6.2 rounded? I appreciate any help I can get. If you are more comfortable please feel free to use year 2020 numbers as guidance, I have no interest in cheating I'm just looking for help because this is a group assignment and I do not want to harm my peers' grades if I am misunderstanding something. Thank you in advance!

THE INCOME STATEMENT 1. Locate the company's income statement. Income Statement Date: December 31, 2022 Page on which income statement appears: 53 What is the period covered by the income statement? January 1,2020 to December 31,2022 2. How does the net income for this year compare to last? What caused the change, use the notes to the income statement to support your reason? 5. Calculate the company's Profit Margin for both this year and the prior year. Show your computations and then the result. Present the figure correctly; each ratio has a specific format. The Equation for Profit Margin is: This year: = (show your work) = (result) Late year: = (show your work) = (result) Explain what information this result provides. Use complete sentences. Has the result improved or worsened? Explain your answer and add your comments on the results. Use complete sentences. Use the annual report notes to support your reason. CONSOLIDATED INCOME STATEMENTS (In millions, except per share amounts) CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (In millions) Reference should be made to the notes to consolidated financial statements. Amounts may not add due to rounding