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Hi, I need help writing a business memo on the following: Read the Mini-Case located on page 92 of your textbook and write a business

Hi, I need help writing a business memo on the following:

Read the Mini-Case located on page 92 of your textbook and write a business memo that is no longer than four pages and answers the following questions:

  1. What is an income statement and what information does it communicate?
  2. What is a balance sheet and what information does it communicate?
  3. What is a statement of cash flows and what information does it communicate?
  4. How do the three statements relate to each other?
  5. How did Time Warners profit margins change from 2009 to 2010? To what would you attribute the differences? Answer the same questions for Disney.
  6. Compare the profit margins between Time Warner and Disney. How are they different? How would you explain the differences?
  7. What differences do you notice in the common-sized balance sheets that might indicate that one of the firms is doing better than the other?
  8. Relate Luke 14: 28 30 to the importance of understanding financial statements?

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