Problem
In addition, submit a one-page essay based on answering the following questions: What role does honesty play in business? What are the consequences of unethical business practices and behavior? Prepare the income statements and balance sheets for 2008 and 2009, assuming a 34% tax rate. Also, assume a payout ratio of 51% and a retention ratio of 49%. Prepare the statement of cash flows for 2009.
The response must include a reference list. One-inch margins, double-space, Using Times New Roman 12 pnt font and APA style of writing and citations.