Answer the questions based on this tax report for a business:

1. True or False: This company likely sells a product rather than simply offering a service.

2. True or False: A review of this company's balance sheet likely would reveal no debts.

3. True or False: This company owns more than $100,000 in fixed assets.

4. True or False: All of this company's income and cash flow is generated from its core activity.

5. Assuming the company has annual debt payments of $850,000, what was its debt service coverage ratio (DSCR) for this year based on the information provided?

Business Tax Return Exercise: Answer the questions below based on the income statement portion of the tax return shown here. Feel free to add any comments below each question to support your answer. 1) True or False. This company likely sells a product rather than simply offering a service. 2) True or False. A review of this company's balance sheet likely would reveal no debts. 3) True or False. This company owns more than $100,000 in fixed assets. 4) True or False. All of this company's income and cash flow is generated from its core activity. 5) Assuming the company has annual debt payments of $850,000, what was its debt service coverage ratio (DSCR) for this year based on the information provided