Using AT&T Income Statement and Balance Sheet on the attached documents, Please check the Financial statements (income statements and balance sheet) of AT&T Inc. (stock symbol T) for the last 3 (2021, 2020, 2019) years and calculate and analyze the trend for the following financial ratios:

Analysis of Profitability (Net profit margin, ROA and ROE)

Analysis of Liquidity (Current and quick ratio)

Analysis of productivity (Current Asset and Total Asset turnover ratios)

Analysis of Solvency (Debt ratio)

Balance Sheet Below:

http:://mytsu.the x ] Mail - Halley, She x qi Word | Microsoft X 121 Module 1 - Mane X 4 MindTap - Cenge * Ask a Question * W T | AT&T Inc. Ann X + X C Awsj.com/market-data/quotes/T/financials/annual/balance-sheet G * 0 6 : M Sign In - Zoom G Gmail y Yahoo @ Advanced Destinati Google Search 3 StairArtist wix VFI - Victorious Fin.. The Philadelphia Gr.. A Advance-Destination. Other bookmarks WSJ MARKETS Subscribe Sign In Home World U.S. Politics Economy Business Tech Markets Opinion Books & Arts Real Estate Life & Work Style Sports Search Q OVERVIEW PROFILE FINANCIALS RESEARCH & RATINGS - ADVANCED CHARTING QUARTERLY ANNUAL Assets Fiscal year is January-December. All values USD Millions. 2021 2020 2019 2018 2017 5-year trend Cash & Short Term Investments 21,213 9,778 12,253 5,273 50,505 Cash Only 21,172 9,749 12.199 5,265 50,504 Cash & Short Term Investments Growth 116.95%% 20.20% 132.37%% -89.56% Cash & ST Investments / Total Assets 3.85% 1.86% 2.22% 0,99% 11.37% Total Accounts Receivable 22,378 23,745 25,816 29,164 18,303 Accounts Receivables, Net 20,255 22,269 24,247 27,716 16,522 Accounts Receivables, Gross 21,026 23,490 25,482 28,623 17185 Bad Debt/Doubtful Accounts (771) (1,221) (1,235) (907) (663) 1 701 O Search OHOE 9:33 PM A 11/20/2022 3http:://mytsu.the x ] Mail - Halley, She x qi Word | Microsoft X 121 Module 1 - Mane X 4 MindTap - Cengs * Ask a Question x W T | AT&T Inc. Ann X + X C Awsj.com/market-data/quotes/T/financials/annual/balance-sheet GE * 0 6 : M Sign In - Zoom G Gmail v/ Yahoo @ Advanced Destination. Google Search ) StairArtist wix VFI - Victorious Fin.. The Philadelphia Gr. A Advance-Destination. Other bookmarks WSJ MARKETS Subscribe Sign In Home World U.S. Politics Economy Business Tech Markets Opinion Books & Arts Real Estate Life & Work Style Sports Search Q Other Receivables 1,476 1,569 1,448 1,781 Accounts Receivable Growth -5.76% -8.02% -11.48% 59.34% Accounts Receivable Turnover 7.55 7.23 7.02 5.86 8.77 Inventories 3,464 3,592 2,864 2,771 2,225 Finished Goods 3,592 2,864 2,771 2,225 Work in Progress 3,464 Other Current Assets 7144 14,893 13,828 14.219 8,113 Prepaid Expenses 1,822 1,631 2.047 1,369 Miscellaneous Current Assets 7144 13,071 12,197 12.172 6,744 Total Current Assets 54,199 52,008 54,761 51,427 79146 Net Property, Plant & Equipment 150,084 152,029 154,167 131,473 125,222 Property, Plant & Equipment - Gross 353,668 352,465 357,577 330,690 313,499 Buildings 39,306 39.418 38,924 38,013 36.319 O Search W 9:34 PM 11/20/2022 3http:://mytsu.the x ] Mail - Halley, She x qi Word | Microsoft X 121 Module 1 - Mane X 4 MindTap - Cenge * Ask a Question x W T | AT&T Inc. Ann X + X C Awsj.com/market-data/quotes/T/financials/annual/balance-sheet GE * 0 6 : M Sign In - Zoom G Gmail v/ Yahoo @ Advanced Destination. Google Search ) StairArtist wix VFI - Victorious Fin.. The Philadelphia Gr. A Advance-Destination. Other bookmarks WSJ MARKETS Subscribe Sign In Home World U.S. Politics Economy Business Tech Markets Opinion Books & Arts Real Estate Life & Work Style Sports Search Q Land & Improvements 2.458 2,571 2.651 2.714 1.630 Machinery & Equipment 263,963 263,181 265,543 265,313 254,755 Construction in Progress 5,845 4.099 4,176 5,526 4,045 Computer Software and Equipment 17,916 18,482 22.244 19,124 16,750 Accumulated Depreciation 203,584 200,436 203,410 199,217 188,277 Total Investments and Advances 8.761 5.078 5,453 7,801 4,473 LT Investment - Affiliate Companies 7,274 1,780 3,695 6,245 1,560 Other Long-Term Investments 1,487 3.298 1,758 1,556 2,913 Long-Term Note Receivable 1,054 515 767 922 968 Intangible Assets 276.813 263,082 282 546 285,302 219,725 Net Goodwill 133,223 135,259 146,241 146,370 105,449 Net Other Intangibles 127,823 136,305 138,932 114,276 Other Assets 60,711 53,049 53,975 54,939 14,563 O Search W 9:35 PM 11/20/2022 3http:://mytsu.the x ] Mail - Halley, She x qi Word | Microsoft X 121 Module 1 - Mane X 4 MindTap - Cengs * Ask a Question x W T | AT&T Inc. Ann X + X C Awsj.com/market-data/quotes/T/financials/annual/balance-sheet GE * 0 6 : M C Sign In - Zoom G Gmail y Yahoo @ Advanced Destination. Google Search ) StairArtist wix VFI - Victorious Fin.. The Philadelphia Gr. A Advance-Destination. Other bookmarks WSJ MARKETS Subscribe Sign In Home World U.S. Politics Economy Business Tech Markets Opinion Books & Arts Real Estate Life & Work Style Sports Search Q Deferred Charges 29,097 18,493 21.312 24,895 Tangible Other Assets 31,614 34,556 32,663 30.044 14,563 Total Assets 551,622 525,761 551,669 531,864 444,097 Assets - Total - Growth 4.92% -4.70% 3.72% 19.76% Asset Turnover 0.31 Return On Average Assets 3.73% + Liabilities & Shareholders' Equity OVERVIEW . FINANCIALS . INCOME STATEMENT | BALANCE SHEET | CASHFLOW NOTES & DATA PROVIDERS BACK TO TOP A THE WALL STREET JOURNAL. English Edition Subscribe Now Sign In WSJ Membership Customer Service Tools & Features Ads More 9:35 PM O Search 9 W 11/20/2022 3http:://mytsu.the x ] Mail - Halley, She x qi Word | Microsoft X DEL Module 1 - Mane X " MindTap - Cenge * Ask a Question * W T | AT&T Inc. Ann X + X C Awsj.com/market-data/quotes/T/financials/annual/income-statement * 0 6 : M Sign In - Zoom G Gmail v/ Yahoo @ Advanced Destination. Google Search 3 StairArtist wix VFI - Victorious Fin.. The Philadelphia Gr. A Advance-Destination. Other bookmarks WSJ MARKETS Subscribe Sign In Home World U.S. Politics Economy Business Tech Markets Opinion Books & Arts Real Estate Life & Work Style Sports Search Q AT CLOSE 4:03 PM EST 11/18/22 Volume 1D 50 1M 3M YTD 1Y BY $ $ $18.97 USD 34,211,309 65 Day Avg Vol 0.02 0.11% A 46,396,593 $19.0 AFTER HOURS 7:59 PM EST 11/18/22 1 Day Range 18.92 -19.12 $18.5 $18.95 -0.02 -0.11% V AFTER HOURS VOL 1,089,073 52 Week Range 14.46-21.53 $15.0 (10/13/22 -05/26/27) Nov 14 Nov 15 Nov 16 Nov 17 Nov 18 ADVANCED CHARTING COMPARE - Open 1904 Prior Close 18.95 (11/17/22) 1 Day TO.11%A DJIA 059%A S6P500 0.48%A Telecommunication Services 0.57% A OVERVIEW PROFILE FINANCIALS RESEARCH & RATINGS ~ ADVANCED CHARTING QUARTERLY ANNUAL Fiscal year is January-December. All values USD Millions. 2021 2020 2019 2018 2017 5-year trend Sales/Revenue 168,864 171,760 181,265 170,805 160,546 Sales Growth -1.69% -5.24% 6.12% 6.39% O Search W 9:31 PM 11/20/2022 3http:://mytsu.the x ] Mail - Halley, She x qi Word | Microsoft X DEL Module 1 - Mane X " MindTap - Cenge * Ask a Question * W T | AT&T Inc. Ann X + X C Awsj.com/market-data/quotes/T/financials/annual/income-statement GE * 0 6 : M Sign In - Zoom G Gmail w/ Yahoo @ Advanced Destination. Google Search 3 StairArtist wix VFI - Victorious Fin.. The Philadelphia Gr. A Advance-Destination. Other bookmarks WSJ MARKETS Subscribe Sign In Home World U.S. Politics Economy Business Tech Markets Opinion Books & Arts Real Estate Life & Work Style Sports Search Q QUARTERLY ANNUAL Fiscal year is January-December. All values USD Millions. 2021 2020 2019 2018 2017 5-year trend Sales/Revenue 168,864 171,760 181,265 170,805 160,546 Sales Growth -1.69% -5.24% 6.12% 6.39% Cost of Goods Sold (COGS) incl. D&A 102,669 108,436 112,358 107,849 102,197 COGS excluding D&A 79,807 79,920 84.141 79.419 77,810 Depreciation & Amortization Expense 22,862 28,516 28,217 28,430 24,387 Depreciation 18,574 20.277 20.285 20,103 19,761 Amortization of Intangibles 4.288 8,239 7,932 8,327 4,626 COGS Growth -5.32% -3.49% 4.18% 5.53% Gross Income 66,195 63,324 68,907 62,956 58,349 Gross Income Growth 4.53% -8.10% 9.45% 7.90% Gross Profit Margin 39.20% 9 9:32 PM O Search W 11/20/2022 3http:://mytsu.the x ) Mail - Halley, She x qi Word | Microsoft X DEL Module 1 - Mane X " MindTap - Cenge * Ask a Question * W T | AT&T Inc. Ann X + X C Awsj.com/market-data/quotes/T/financials/annual/income-statement GE * 0 6 : M Sign In - Zoom G Gmail v/ Yahoo @ Advanced Destinati Google Search 3 StairArtist wix VFI - Victorious Fin.. The Philadelphia Gr. A Advance-Destination. Other bookmarks WSJ MARKETS Subscribe Sign In Home World U.S. Politics Economy Business Tech Markets Opinion Books & Arts Real Estate Life & Work Style Sports Search SG&A Expense 37,735 37,607 38,530 35,667 34,842 Research & Development 1,522 1,210 1,276 1,194 1,503 Other SG&A 36.397 37,254 34,473 33,339 SGA Growth 0.34% -2.40% 8.03% 2.37% EBIT 28,460 25,717 30,377 27 289 Unusual Expense 5,113 19,312 964 1,147 623 Non Operating Income/Expense 9,833 (1,446) (2,547) 6,691 (1,338) Equity in Affiliates (Pretax) 631 95 6 (48) (128) Interest Expense 6.864 7,910 8,404 7,912 6,279 Interest Expense Growth -13.22% -5.88% 6.22% 26.01% Gross Interest Expense 7,037 8,033 8,604 8,405 7182 Interest Capitalized 173 123 200 493 903 Pretax Income 26.947 (2,856) 18,468 24,873 15,139 O Search W 9:32 PM 11/20/2022 3http:://mytsu.the x ] Mail - Halley, She x qi Word | Microsoft X DEL Module 1 - Mane X " MindTap - Cenge * Ask a Question * W T | AT&T Inc. Ann X + X C Awsj.com/market-data/quotes/T/financials/annual/income-statement GE * 0 6 : M Sign In - Zoom G Gmail y Yahoo . Advanced Destination. Google Search 3 StairArtist wix VFI - Victorious Fin.. The Philadelphia Gr. A Advance-Destination. Other bookmarks WSJ MARKETS Subscribe Sign In Home World U.S. Politics Economy Business Tech Markets Opinion Books & Arts Real Estate Life & Work Style Sports Search Q Pretax Income Growth 1043.52% -115.46% -25.75% 64.30% Pretax Margin 15.96% Income Tax 5,468 965 3.493 4.920 (14,708) Income Tax - Current Domestic (552) (693) 1,187 3,771 761 Income Tax - Current Foreign 516 413 605 539 471 Income Tax - Deferred Domestic 5,752 1,302 1,800 750 (16,929) Income Tax - Deferred Foreign (248) (57) (99) (140) 989 Consolidated Net Income 21,479 (3,821) 14,975 19.953 29,847 Minority Interest Expense 1,398 1,355 1,072 583 397 Net Income 20,081 (5,176) 13,903 19,370 29,450 Net Income Growth 487.96% -137.23% -28.22% -34.23% Net Margin 11.89% Net Income After Extraordinaries 20,081 (5,176) 13,903 19,370 29,450 O Search 9 W 9:32 PM 11/20/2022 3http:://mytsu.the x ) Mail - Halley, She x qi Word | Microsoft X DEL Module 1 - Mane X " MindTap - Cenge * Ask a Question * W T | AT&T Inc. Ann X + X C Awsj.com/market-data/quotes/T/financials/annual/income-statement GE * 0 6 : M Sign In - Zoom G Gmail y Yahoo @ Advanced Destinati Google Search ) StairArtist wix VFI - Victorious Fin.. The Philadelphia Gr. A Advance-Destination. Other bookmarks WSJ MARKETS Subscribe Sign In Home World U.S. Politics Economy Business Tech Markets Opinion Books & Arts Real Estate Life & Work Style Sports Search Q Preferred Dividends 207 193 3 Net Income Available to Common 19.874 (5,369) 13,900 19.370 29,450 EPS (Basic) 2.76 (0.75) 1.89 2.85 4.77 EPS (Basic) Growth 468.00% -139.60% -33.53% -40.19% Basic Shares Outstanding 7,168 7157 7319 6,778 6,164 EPS (Diluted) (0.75) 1.89 2.85 4.77 EPS (Diluted) Growth 0.00% -139.60% -33.50% -40.22% Diluted Shares Outstanding 7,199 7,157 7,348 6,806 6,183 EBITDA 51.322 54,233 58,594 55,719 47,894 EBITDA Growth -5.37% -7.44% 5.16% 16.34% EBITDA Margin EBIT 28,460 25,717 30.377 27.289 O Search 9 W 9:33 PM A 11/20/2022 3