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Analyze the trend in financial statements for LMN Corporation over the past three years using the following data: Category Year 1 Year 2 Year 3
- Analyze the trend in financial statements for LMN Corporation over the past three years using the following data:
| Category | Year 1 | Year 2 | Year 3 |
|---|---|---|---|
| Revenue | $500,000 | $600,000 | $700,000 |
| Net Income | $100,000 | $120,000 | $150,000 |
| Total Assets | $1,000,000 | $1,200,000 | $1,400,000 |
Requirements:
- Calculate the percentage change in each category over the three years.
- Present the trend analysis in a detailed table format.
- Discuss the financial performance trends and potential implications.
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Financial Statement Analysis and Security Valuation
Authors: Stephen Penman
5th edition
78025311, 978-0078025310
