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Financial Statements
Unit outcomes addressed in this Assignment:

Assess the purposes and components of financial statements, including the income statement and balance sheet.
Interpret financial accounting information.

Course outcome addressed in this Assignment:

HA520-4: Assess cost concepts, management control processes of budgeting, revenue cycle management, working capital, time value analysis, capital budgeting analysis, and long-term financing decisions.

Instructions
Solve the following financial problems from your textbook, and submit the answers, including your work, in a Word.
Explain the financial statements