Please answer the given questions in detail:
Question 1: How do the income statement and the balance sheet help management make sound decisions?
Question 2: How can you find out, at any time, whether your firm can pay its bills as they become due?
Question 3: If your firm's expenses equal or exceed its revenues, what actions might you or your managers take to change this situation?
Question 4: In discussing the firm's latest financial statements, one of your managers says that it is the "results on the bottom line" that really count. What does the manager mean by this statement?