picture of the problem that needs to be solved

picture of the balances statement

picture of the income statement

2. Analyze and interpret the financial statements' information The second part of the practice is to understand the financial statements' information, aiming to understand and interpret the balance sheets and income statements, we recommend you continue with the following structure: - Please highlight the most important items of both current and fixed assets and state the characteristics of the selected firm's investments. - Please interpret the financing structure of the company you have selected, considering key aspects such as long-term debt and short-term debt, equity financing, etc. Please comment on the D/E ratio and its evolution. - Please analyze the contribution margin, costs (such as variable costs, personnel costs, etc.) EBIT and net income, as percentage of sales. Discuss the evolution of these values from one year to another and give your opinion regarding the cost strurcure of this fim. - Please interpret how the selected firm's investment is financed in the short run and long run? It is also interesting to calculate the working capital and give your comments. Income Statement (in millions of euros) \begin{tabular}{|c|c|c|c|c|} \hline Income Statement & 2022 & & 2021 & \\ \hline & & & & \\ \hline Operating revenues & 53949 & 100.0% & 39114 & 100.0% \\ \hline Cost of sales & -33750 & 62.6% & -22052 & 56,4% \\ \hline Contribution Margin & 20199 & 37.4% & 17062 & 43.6% \\ \hline Net operating expenses & -5209 & 9.7% & -4227 & 10.8% \\ \hline Other expenses & -1762 & 3.3% & 829 & 2.1% \\ \hline EBITDA & 13228 & 24.5% & 12006 & 30.7% \\ \hline Impairment losses, trade and other receivables & -470 & 0.9% & -369 & 0.9% \\ \hline Amortisation, depreciation and provisions & -4774 & 8.8% & -4294 & 11.0% \\ \hline EBIT & 7984 & 14.8% & 7343 & 18.8% \\ \hline . & & & & \\ \hline Result of equity-accounted investees & 146 & 0.3% & -39 & 0.1% \\ \hline Finance income & 1204 & 2.2% & 1265 & 3.2% \\ \hline Finance expenses & -3042 & 5.6% & -2268 & 5.8% \\ \hline Financial result & -1838 & 3.4% & -1003 & 2.6% \\ \hline EBT & 6292 & 11.7% & 6301 & 16.1% \\ \hline Taxes & -1161 & 2.2% & -1914 & 4.9% \\ \hline Net Income & 5131 & 9.5% & 4387 & 11.2% \\ \hline \end{tabular}