The 2012 annual report of American Express Services reported revenue of $21,000,000,000. Total expenses for the year were $14,000,000,000. AES ended the year with total assets of $30,000,000,000, and it owed debts totaling $14,000,000,000. At year-end the business reported total assets of $23,000,000,000 and total liabilities of $14,000,000,000. Requirements:
1. Compute AES's net income for 2012.
2. Did AES's stockholders' equity increase or decrease during 2012? By how much?
3. Assume you are a creditor of AES.Would the company's 2012 performance be good or bad for you, as a creditor?