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1. Use the following financial statements from the Case Study on Associated Industries 2. Now that you know the relationships with the various accounts, give

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1. Use the following financial statements from the Case Study on Associated Industries 2. Now that you know the relationships with the various accounts, give one example of how the percentage change analysis can assist you in quickly identifying issues. Use the data you calculated from the financial statements above to discuss what Associated Industries should be concerned with and monitor moving forward. For example you might look at the following accounts and make an analysis based on their \% change and their relationship within the company: (You are not limited to the following examples) Accounts receivable % change vs Accounts payable \% change Gross Profit \% change vs Operational Profit % change Total current assets\% change vs total current liabilities % change Total Debt % change vs Total Owners Equity % change

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