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the answers are circled, i just do not know what formulas to use to answer these questions. 8. Which of the following information is reported

image text in transcribedthe answers are circled, i just do not know what formulas to use to answer these questions.
8. Which of the following information is reported on the income statement? a) Revenues, Expenses, and Net Income or Net Loss b) Accounts Payable c) Foreign currency gains and losses d) Current liabilities 9. When a firm's debt-equity ratio is 1.0, the firm: a) has too much long-term debt in relation to leases. b) has less long-term debt than equity. c) is nearing insolvency. d) has as much in long-term liabilities as in equity. 10. A stock paying $5 in annual dividends sells now for $80 and has an expected return of 14%. What might investors expect to pay for the stock one year from now? a) $82.20 b) $86.20 c) $87.20 d) $91.20

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