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    Fiscal Year Comparison: Budget vs. Actual

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    (Masters Study Level)

    The company referenced in the attached financials recently ended its most recent fiscal year ending December 31, 2010.

    Using the Income Statement and Balance Sheet provided (see attached file), identify key financial performance achievements for the Company in the most current fiscal year. Income Statement: actual FY10 versus budget, and actual against FY09; Balance Sheet Actual FY10 versus FY09. You may choose to show common size statements to enable comparative view and analysis, as well as aspects of flexible budgeting.

    Also, use one or two other financial analysis techniques (ex: calculating A/R turnover, inventory turnover, current ratio, etc.) to illustrate performance supported by detailed slides as necessary.

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    Solution Summary

    The solution provides a fiscal year comparison for budget vs. actual.