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Read the following scenario and complete the questions and tasks below.
Information from Halloran Company’s Income Statement and Balance Sheets for the years 2013–2017 is presented.
- Use these statements to calculate trend percentages for all components of both statements using 2013 as the base year.
- Prepare a memo to the CEO of Halloran company summarizing your findings about the financial health of the company, using your calculations from above as evidence to support your conclusions.