Each chapter in the textbook contains a continuation of this problem. The objective is to learn how to do a comprehensive financial statement analysis in steps as the content of each chapter is learned. Using the 2007 Eastman Kodak Annual Report and Form 10-K, which can be found at www.prenhall.com/ fraser, complete the following requirements:

(a) Open the financial statement analysis template that you saved from the Chapter 1 Eastman Kodak problem and input the data from the Eastman Kodak income statement. Use the basic earnings per share from continuing operations when inputting the earnings per share amount. When you have finished inputting the data, review the income statement to make sure there are no red blocks indicating that your numbers do not match the cover sheet information you input from the Chapter 1 problem. Make any necessary corrections before printing out both your input and the common-size income statement that the template automatically creates for you.

(b) Analyze the income statement of Easbnan Kodak. Write a summary that includes important points that an analyst would use in assessing the profitability of Easbnan Kodak