In about 200 words (total), answer the following questions by Wednesday night: 1. Briefly explain the difference between liquidity, solvency, and profitability analysis. 2. What is the advantage of using comparative statements for financial analysis rather than statements for a single date or period? 3. A company's current year net income (after income tax) is 25% larger than that of the preceding year. Does this indicate improved operating performance? Why or why not