Use the annual reports of Carnival Corporation for the 20052007 scal years to answer the following questions.

Question:

Use the annual reports of Carnival for the 2005–2007 ﬁscal years to answer the following questions. This information can be found on either the annual report or the SEC 10-K filing at www.carnival.com by following the links to Investor Relations.
Required:
(a) Prepare a trend analysis using 2004 as the base year to compare Carnival’s balance sheets and income statements for 2004, 2005, 2006, and 2007.
Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...