Question: How to solve Use this financial statement information to answer the Questions 9 through 1 5 below. What is the Year n net income (

How to solve
Use this financial statement information to answer the Questions 9 through 15 below.
What is the Year n net income (This question is worth 0.25 points)
a. $10,000
b. $8,000
c. $4,800
d. $3,200
e. None of the above
QUESTION 10
What is the total current liabilities for Year n?(This question is worth 0.25 points)
a. $7,800
b. $13,200
c. $13,300
d. $6,500
e. $7,500
f. None of the above
QUESTION 12
What is the retained earnings for Year n-1?(This question is worth 0.25 points)
a. $15,300
b. $5,000
c. $9,350
d. $10,300
e. $14,350
f. None of the above
PLEASE ALSO ANSWER THESE THREE QUESTIONS THAT IS NOT PROVIDED IN PICTURE:
QUESTION 13
What is the retained earnings for year n-1?
a. $15,300
b. $5,000
c. $9,000
d.$10,300
e.$14,350
f. None of the above
QUESTION 14
Answer this question using the statement below
Statement: operating income for year n is $10,000
a. The statement is true
b. Earning before interest and taxes is $10,000
c. Operating income shows how well the company is operating its business rather than how a company finances its operatins
d. To get operating income of $10,000, operating expenses as well as depreciation and amortization were subtracted from sales
e. From a purely cash flow perspective, depreciation and amortization is not cash actually flowing out of the company during the income statement period but its nevertheless considered an expense in the period
f. All of the above is true
 How to solve Use this financial statement information to answer the

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