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Using the data above answer these following questions Yaoming has experienced volatile earnings over the three-year period shown. Do you expect this to continue? Why,

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Using the data above answer these following questions

  1. Yaoming has experienced volatile earnings over the three-year period shown. Do you expect this to continue? Why, or why not?
  2. Net earnings increased from a loss of $2 million in 2021 to a profit of $74 million in 2022, a very substantial increase. Suppose the company's common share price increase only approximately 20% during the same period. Why might this be the case? Relate the 20% increase in share price to the compnents of net income.
  3. Would you expect net income in 2023 to be more or less than the amount reported in 2022? More specifically, assuming no new unusual, nonrecurring items, what amount would you estimate net income to be in 2023?
Excerpts from the statements of comprehensive income for Yaoming Adventures Limited for the vears 2020 throuah 2022 are as follows

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