Using the financial statement data in the companys annual reports, create a comprehensive written analysis of the companys financial operations for the four most recent fiscal years. You written report should be structured as follows:

• Part I: Construct common size income statements for the four most recent fiscal years (that is why you need the two most recent annual reports). Also, include a line listing the annual growth rate in net revenue (or sales) for the four most recent years. : Write an analysis of the ratio table you created. For example: What trends do you observe? What appears to be areas of strength or weaknesses? What are any potential areas of significant concern? Anything else?

• Part III: Create a statement of cash flows table for for the four most recent fiscal years (that is why you need the two most recent annual reports). For this statement, you only need to list the three net accounts (i.e., Net Cash Flows from Operating Activities, Net Cash Flow from Investing Activities, and Net Cash Flow from Financing Activities). Then, evaluate these statements over this time period. What has been the major source of cash each year and what has been the major use of cash? Has the company generated sufficient internal cash to finance any capital spending? Anything else?

• Your paper should include an Introduction, the four parts listed above, and a Conclusion. Embed your tables into your paper where they flow with the discussion (that is, do not put tables in an appendix). It is best create your tables in Excel and then to copy and paste special into your word file using Picture (Enhanced Metafile).

• Assignment length: At least 4 pages, double-spaced (excluding title page and references) in current APA format.