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Assignment 1: Reviewing Financial Statements (50 points) Due
Select a publicly traded firm and obtain the latest five (5) years financial statements. Discuss the changes in the following financial statement accounts of your firm.
What conclusions can you draw from this information about the performance of your firm in the last five years?
Hint: Compute the average percentage change in the value of each account over the past five years. Compare the percentage change in each account to the percentage change in sales and total assets. Are the accounts growing faster or slower? Is it good or bad? And why?
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