*******I'M SO LOST. PLEASE ASSIST WITH THIS IN SPECIFICS AND SHOW THE WORK SO I CAN UNDERSTND IT PLEASE.

3.) Calculate the four profitability ratios presented in the chapter for LFC for 2021 and 2020, as well as the percent change in each from 2020 to 2021. By which measure did LFCs profitability deteriorate the most, and by how much?

4.) LFCs total expenses grew by over 100 percent from 2020 to 2021, while its total revenue and other support declined by over 50 percent. Looking at the theaters statements of activities, a.) Excluding interest/investment income and the one-time sale of tax credits, which three revenue or support categories declined by over 50 percent from 2020 to 2021? b.) Which expense category grew by over 100 percent?

9.) Calculate the quick ratio and debt to equity ratio for LFC for 2021 and 2020, as well as the percent change in each from 2020 to 2021. Are these trends favorable or unfavorable? Which presents the greater area of concern for 2021, and why?

10.) Given your answers to the questions above and an overall review of LFCs financial statements, would you characterize LFCs financial position as weak, neutral, or strong? Why?

Exiant 1a-5 The accompanying notea sts se intecral part of these statemonts. EXHIDIT 14=E Lafayette Film Center Statements of Activities for the Years Ended December 31, 2021 and 2020 Expenses Prograrn services General administration Fund raising Total Expenses Change in Net Assets Net assets - beginning of year Net assets-end of year \begin{tabular}{rr} $3,640,634 & $1,378,472 \\ 455,436 & 407,244 \\ 260,832 \\ \hline$4,356,902 \\ \hline$406,196) & $2,088,100 \\ \hline 9,184,130 & $5,905,832 \\ \hline$8,777,934 & $9,278,296 \\ \hline \end{tabular} EXHIBIT 14-7 Liabilities and Net Assets Current Liablities Accounts payable Accrued expenses Deferred revenue Line of credit Current portion of capital lease obligations Total Current Llabilities \begin{tabular}{rrr} $106,214 & & 113,240 \\ 109,044 & & 111,776 \\ 31,186 & & - \\ 960,510 & & 100,000 \\ 51,100 & & 48,394 \\ \hline$1,260,054 & & $373,410 \end{tabular} Long-Term Liabiities: Capital lease obligations less current portion 36,59688,636 Total Labilities $1,296,650$462,048 Net assets: Without Donor Festrictions With Donor Restrictions Total Net Assats \begin{tabular}{rr} $8,777,934 & $9,184,130 \\ 538,530264,514 \\ \hline$9,042,448 & $9,722,660 \end{tabular} ExHIBIT 14-10 Inverting Activities Payments for property and equipment Net cash(used in) investing activities $(682,412)$(682,412)$(7,159,362)$(7,159,362) Financing Activities Payments on capital leases \begin{tabular}{rrr} $(49,336) & $(10,084) \\ $811,174860,510 & & 100,000 \\ \hline \end{tabular} Net incresse/(decrease) in cash and cash equivalents $(99,060)$(1,119,040) Cash and cash equivalents-beginning of year 174,662 1,293,702 Exiant 1a-5 The accompanying notea sts se intecral part of these statemonts. EXHIDIT 14=E Lafayette Film Center Statements of Activities for the Years Ended December 31, 2021 and 2020 Expenses Prograrn services General administration Fund raising Total Expenses Change in Net Assets Net assets - beginning of year Net assets-end of year \begin{tabular}{rr} $3,640,634 & $1,378,472 \\ 455,436 & 407,244 \\ 260,832 \\ \hline$4,356,902 \\ \hline$406,196) & $2,088,100 \\ \hline 9,184,130 & $5,905,832 \\ \hline$8,777,934 & $9,278,296 \\ \hline \end{tabular} EXHIBIT 14-7 Liabilities and Net Assets Current Liablities Accounts payable Accrued expenses Deferred revenue Line of credit Current portion of capital lease obligations Total Current Llabilities \begin{tabular}{rrr} $106,214 & & 113,240 \\ 109,044 & & 111,776 \\ 31,186 & & - \\ 960,510 & & 100,000 \\ 51,100 & & 48,394 \\ \hline$1,260,054 & & $373,410 \end{tabular} Long-Term Liabilities: Capital lease obligations less current portion 36,59688,636 Total Labilities $1,296,650$462,048 Net assets: Without Donor Festrictions With Donor Restrictions Total Net Assats \begin{tabular}{rr} $8,777,934 & $9,184,130 \\ 538,530264,514 \\ \hline$9,042,448 & $9,722,660 \end{tabular} Exiant 1a-5 The accompanying notea sts se intecral part of these statemonts. EXHIDIT 14=E Lafayette Film Center Statements of Activities for the Years Ended December 31, 2021 and 2020 Expenses Prograrn services General administration Fund raising Total Expenses Change in Net Assets Net assets - beginning of year Net assets-end of year \begin{tabular}{rr} $3,640,634 & $1,378,472 \\ 455,436 & 407,244 \\ 260,832 \\ \hline$4,356,902 \\ \hline$406,196) & $2,088,100 \\ \hline 9,184,130 & $5,905,832 \\ \hline$8,777,934 & $9,278,296 \\ \hline \end{tabular} EXHIBIT 14-7 Liabilities and Net Assets Current Liablities Accounts payable Accrued expenses Deferred revenue Line of credit Current portion of capital lease obligations Total Current Llabilities \begin{tabular}{rrr} $106,214 & & 113,240 \\ 109,044 & & 111,776 \\ 31,186 & & - \\ 960,510 & & 100,000 \\ 51,100 & & 48,394 \\ \hline$1,260,054 & & $373,410 \end{tabular} Long-Term Liabiities: Capital lease obligations less current portion 36,59688,636 Total Labilities $1,296,650$462,048 Net assets: Without Donor Festrictions With Donor Restrictions Total Net Assats \begin{tabular}{rr} $8,777,934 & $9,184,130 \\ 538,530264,514 \\ \hline$9,042,448 & $9,722,660 \end{tabular} ExHIBIT 14-10 Inverting Activities Payments for property and equipment Net cash(used in) investing activities $(682,412)$(682,412)$(7,159,362)$(7,159,362) Financing Activities Payments on capital leases \begin{tabular}{rrr} $(49,336) & $(10,084) \\ $811,174860,510 & & 100,000 \\ \hline \end{tabular} Net incresse/(decrease) in cash and cash equivalents $(99,060)$(1,119,040) Cash and cash equivalents-beginning of year 174,662 1,293,702 Exiant 1a-5 The accompanying notea sts se intecral part of these statemonts. EXHIDIT 14=E Lafayette Film Center Statements of Activities for the Years Ended December 31, 2021 and 2020 Expenses Prograrn services General administration Fund raising Total Expenses Change in Net Assets Net assets - beginning of year Net assets-end of year \begin{tabular}{rr} $3,640,634 & $1,378,472 \\ 455,436 & 407,244 \\ 260,832 \\ \hline$4,356,902 \\ \hline$406,196) & $2,088,100 \\ \hline 9,184,130 & $5,905,832 \\ \hline$8,777,934 & $9,278,296 \\ \hline \end{tabular} EXHIBIT 14-7 Liabilities and Net Assets Current Liablities Accounts payable Accrued expenses Deferred revenue Line of credit Current portion of capital lease obligations Total Current Llabilities \begin{tabular}{rrr} $106,214 & & 113,240 \\ 109,044 & & 111,776 \\ 31,186 & & - \\ 960,510 & & 100,000 \\ 51,100 & & 48,394 \\ \hline$1,260,054 & & $373,410 \end{tabular} Long-Term Liabilities: Capital lease obligations less current portion 36,59688,636 Total Labilities $1,296,650$462,048 Net assets: Without Donor Festrictions With Donor Restrictions Total Net Assats \begin{tabular}{rr} $8,777,934 & $9,184,130 \\ 538,530264,514 \\ \hline$9,042,448 & $9,722,660 \end{tabular}