The purpose of this assignment is to evaluate data from a companys financial statements to make relevant business decisions.

Use the information provided in the Study Problem 6.5 in Appendix 5A of the textbook, Understanding Financial Statements, to write a 250-500-word memo to your manager, the chief operating officer of Luna Lighting. Summarize the information from the 3 years financial statements, the ratio calculations, and industry comparisons provided in the case to present possible solutions to the company's profitability problems. Be sure to conclude by projecting the future success of the company based on your findings.