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Required: The financial statements for Net Knowledge fro fiscal 2004 and fiscal 2003 are provided below. You should analyze them as you deem appropriate. Based

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Required: The financial statements for Net Knowledge fro fiscal 2004 and fiscal 2003 are provided below. You should analyze them as you deem appropriate. Based on your work, comment on the memo from Ted Chapman. Do you agree or disagree with his analysis and conclusions? Would you recommend pursuing an alliance with NK

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