Notes to Financial Statement

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4.FINANCIAL STATEMENT ANALYSIS Horizontal Analysis: Using Excel, compare the percent change between the current and previous year's amounts on the income statement and the balance sheet. Using the notes to the financial statement, discuss possible causes for the changes. What might the major changes mean? Discuss how this analysis impacts your conclusion. This section should include both the calculations and discussion of the major changes.. (see p.690-693 in textbook for an example) 4.FINANCIAL STATEMENT ANALYSIS Horizontal Analysis: Using Excel, compare the percent change between the current and previous year's amounts on the income statement and the balance sheet. Using the notes to the financial statement, discuss possible causes for the changes. What might the major changes mean? Discuss how this analysis impacts your conclusion. This section should include both the calculations and discussion of the major changes.. (see p.690-693 in textbook for an example)