Answer the following: 1. How does the automated system improve the efficiency and timeliness of financialstatements? 2. How does the automated system enhance the relevance of the information provided? 3. How does the automated system enhance the decision making process? Select the correct answer and show your calculations for the following questions:4. At the beginning of the year a company s balance sheet reported the following balances: TotalAssets = $125000; Total Liabilities = $75000; and Owner s Capital = $50000. During the yearthe company reported revenues of $46 000 and expenses of $30 000. In addition owner swithdrawals for the year totaled $20000. Assuming no other changes to owner s capital thebalance in the owner s capital account at the end of the year would be:A. $66000B. $86000C. $(4000)D. $46000E. $540005. A company had average total assets of $982450 and net income of $190700 and reportsvarious segment information. Segment A had average total assets of $437800 and segmentoperating income of $98230. Segment B had average assets of $151200 and segment operatingincome of $16190. Calculate the segment return on assets for Segment A.A. 19.4%B. 22.4%C. 26.1%D. 10.7%E. 20.2%6. Use the information in the adjusted trial balance presented below to calculate current assets forJones Company: Account Title Dr. Cr.Cash 23000 Accounts receivable 16000 Prepaid insurance 6600 Equipment 100000 Accumulated Depreciation Equipment 50000Land 95000 Accounts payable 17000Interest payable 2400Unearned revenue 5000Long term notes payable 30000J. Jones Capital 136200Totals 240600 240600A. $21200B. $45600C. $24400D. $95600E. $41200

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