Please answer both the questions.

The following information is available from the 2022 financial statements of Ying Corp. and Yang Inc. (amounts in millions, except share price) Ying Yang Beginning total assets $22,233 $43,069 Current assets 15,225 36,981 Current liabilities 9,958 18,688 Ending total assets. 28.715 47,015 Net income 735 1,652 Sales 31,812 41.415 Share price $90 $130 Total liabilities 20.170 39,028 Weighted average number of common shares.... 25 44 Instructions a) For each company, calculate the following ratios: Current ratio Debt to total assets III. Basic earnings per share IV. Price-earnings ratio 1. II. b) Based on your calculations, discuss the relative liquidity, solvency, and profitability of the two companies. Use the answer space below for your response. Emery Trust Inc. issued $100,000, a 5-year bond on January 1, 2022 paying 696 interest on a semi-annual basis every January 1 and July 1. Instructions Using a financial calculator, prepare the first-year journal entries for the bond issue and interest expense assuming that the company uses the effective interest method, a market interest rate of 49 and has a year-end of December 31, 2022. Please use the spreadsheet provided to complete your work. Paste the link in the response area below