Question
As an accounting manager of Interfor Corporation, you are required by CFO Rodeo Julio to write a business memo regarding the company 's financial performance
As an accounting manager of Interfor Corporation, you are required by CFO Rodeo Julio to write a business memo regarding the company 's financial performance based on following facts: "Interfor Corporation reported earnings results for the second quarter and six months ended June 30, 2022. For the second quarter, the company reported sales was CAD 1,389.05 million compared to CAD 1,099.67 million a year ago. Net income was CAD 269.88 million compared to CAD 419.24 million a year ago. Basic earnings per share from continuing operations was CAD 4.92 compared to CAD 6.45 a year ago. Diluted earnings per share from continuing operations was CAD 4.9 compared to CAD 6.43 a year ago.For the six months, sales was CAD 2,738.09 million compared to CAD 1,948.98 million a year ago. Net income was CAD 666.91 million compared to CAD 683.73 million a year ago. Basic earnings per share from continuing operations was CAD 11.68 compared to CAD 10.45 a year ago. Diluted earnings per share from continuing operations was CAD 11.64 compared to CAD 10.42 a year ago."
Please refer to Business memo rubric posted in Moodel under week 0 section and write a proper memo to your CFO with insight of the financial performance of the company, i.e. financial ratios, horizontal, and vertical analysis.
Be creative and Bold. Sky is your limit.
Word limit is 1000 words.
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