Case Analysis

This assignment gives you practice assessing the financial situation of a business. Use the income statement and balance sheet $($balance sheet is on the second page$)$ below for this assignment. Answer the following:

$-$ What is the firm doing well $($discuss three$)$ and where are the problem areas $($discuss four$)?$ Explain in detail with numbers from the financial statements $($don$\text{'}$t just say, "this was up$"$ or "this was down"...say, "this measure was up by $\backslash (25\backslash \%\backslash )$ from $\backslash (\backslash$$ $\backslash$mathrm$\{$XXX$\}\backslash )$ to $\backslash (\backslash$$ $\backslash$mathrm$\{$XXX$\}\backslash )).$

$-$ Based on the patterns you see in the years $2020$ through $2023,$ prepare a projected income statement for $2024($it should simply be a new column on the far right for $2024).$

Balance Sheet

ASSETS