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2. Prepare a memo to the CEO of Halloran company summarizing your findings about the financial health of the company, using your calculations from above

2. Prepare a memo to the CEO of Halloran company summarizing your findings about the financial health of the company, using your calculations from above as evidence to support your conclusions. 3.

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HALLORAN COMPANY Trend Analysis Income Statements For the year Ended December 31,2017-2013 (S thousands) 2017 2016 2015 Sales 143% 126% 116% Cost of goods sold 166% 137% 120% Gross profit 103% 107% 108% Operating Expenses 225% 175% 100% Net Income 41% 72% 81% 2014 107% 107% 106% 116% 101% 2013 100% 100% 100% 100% 100% 2015 2014 2013 HALLORAN COMPANY Trend Analysis balance sheet For the year Ended December 31,2017-2013 (S thousands) 2017 2016 Assets Cash 88% 89% Accounts receivable, net 154% 162% Merchandise inventory 196% 146% Other current assets 129% 114% Long-term Investments 0% 0% Plant assets, net 206% 206% Total assets 179% 160% Liabilities and equity Current liabilities 223% 191% Long-term liabilities 223% 197% Common stock (118% 118% Other paid-in Capital 158% 147% Retained Earnings 195% 164% Total Liabilities and equity 179% 160% 94% 146% 129% 52% 10% 179% 141% 95% 113% 110% 124% 100% 96% 104% 100% 100% 100% 100% 100% 100% 100% 131% 112% 192% 98% 118% 100% 147% 100% 126% 114% 127% 104% 100% 100% 100% 100% 100% 100% HALLORAN COMPANY Trend Analysis Income Statements For the year Ended December 31,2017-2013 (S thousands) 2017 2016 2015 Sales 143% 126% 116% Cost of goods sold 166% 137% 120% Gross profit 103% 107% 108% Operating Expenses 225% 175% 100% Net Income 41% 72% 81% 2014 107% 107% 106% 116% 101% 2013 100% 100% 100% 100% 100% 2015 2014 2013 HALLORAN COMPANY Trend Analysis balance sheet For the year Ended December 31,2017-2013 (S thousands) 2017 2016 Assets Cash 88% 89% Accounts receivable, net 154% 162% Merchandise inventory 196% 146% Other current assets 129% 114% Long-term Investments 0% 0% Plant assets, net 206% 206% Total assets 179% 160% Liabilities and equity Current liabilities 223% 191% Long-term liabilities 223% 197% Common stock (118% 118% Other paid-in Capital 158% 147% Retained Earnings 195% 164% Total Liabilities and equity 179% 160% 94% 146% 129% 52% 10% 179% 141% 95% 113% 110% 124% 100% 96% 104% 100% 100% 100% 100% 100% 100% 100% 131% 112% 192% 98% 118% 100% 147% 100% 126% 114% 127% 104% 100% 100% 100% 100% 100% 100%

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