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7 pts Question 33 For each of the characteristics below, identify whether it is a focus of financial accounting or managerial accounting Use the letter F to identify financial accounting and M to identify managerial accounting. 1. Users are generally investors, creditors, analysts, and regulators. 2. Used to assist managers in making planning and control decisions 3. Information is structured and controlled by GAAP. 4. Information is available quickly without the need to wait for an audit. 5. Information is mainly historical with some predictions 6. Emphasis of the information is a company's projects, processes, and divisions 7. Information is mostly monetary, but includes nonmonetary information. 6 pts D Question 34 A Question 18 2 pts Refer to the following selected financial information from Shakley's Incorporated. Compute the company's profit margin for Year 2 Net sales Cost of goods sold Interest expense Net income before tax Net income after tax Total assets Total liabilities Total equity Year 2 $478,500 276,300 9,700 67.250 46,050 317.100 181,400 135,700 Year 1 $426,250 250.120 10.700 52.680 39.900 288,000 167.300 120.700 33.9% 11,7% 16.7% 14.1%