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Honizoniou Ancdyysies es ean am~ | i (PAGE no, (eae \ a) a an Horczontou FOU} 813.5 Morcizon top Hnowkyst ¢ J (e L || compouritston-o: finan ‘costae ete 5 2PM seen 00108 ThO-floenre Pore gait pe. of -omout of t % es i CLE PreseM¥OA! hore! zon ere Men be tt of. cotettinn io tKO Hagen i: 4 ot =the Vourcrous, to cuceee com pp a fe | wort atondler mol Vere hoe Yeo + Buboue. ts . ie re_OL_yecut choses ag eqlaning ints ae By Th*°e pe of argu eit fe Ms tatuidol rg fseyeonl “Rnayere’ “ae Pr Pe bated 99 the aldo -2krorn, yelurto_yecurtret pure Fain on doua of anys ane yous tne hort zon tod Sih ee police to focus _ ye outer on Hrbom ns roth how-cbvindes| no] 4 ___||_ signin _dleuctny she porcioal unpler yy Ni io comvourdlive: 2tad ements ano} trrenal: percent bvaniestunp_4ankt® erupt — pa horctzonto_o: gigt ar cide =o patie roles arz sotto a of [Finorieia-icieuement _ of ne netounting fon Dry Aig 44 PO dh ovale ‘ote qhonttaumes® from — =e mshi gta sourt com panied “the daumé onl’ i cap 1 ae dag o1l80 "xeon nea ery and — xe fénonelcal _gtouernemnt: : ae trodes anode -tu00 100l8 ae F n_voxcticat undil git ince verch : ¢_oloute fort onetime Per F ponetcenc® se on ony It fg nol went C0 ie metore ao the > atudy M rel oue ‘fremsits the” Commons| | a (om ee I Proper ancuysis of Fran gtatorient: 8. Soret = +-HoWweVore 12 motry._be reo, cilong.- “wrth | horetxomtod. acl aft 0 moe ‘it morte — nek — =|) effec sive a ttrem® omal_vornolew: alr ae of pee Lomo often, MKC i - page: fin) -anctly sore = wera oth) eee aio: crigceye oretoubert of |_th2 op: oncubione at a whole + ++ _ 1s erring eouncl em retain fo. Las | Hye) yo nate ek of apetehhindes of yee : | Wood of -eredhtrores= a pos steal tors use cane cig raomatas | { ponte for ets eriéolypan ony\ io) pti —— tas wih) necol £ Dovestonrs + oe, investors. usoot pan Whee a oleed q of uy 1g usetcing. ome rototirg Donne ; Nessh : 10.0. chmy pots % samen? U0 Need nor Wownuient = Mnoincione use. PsA Woh Loe we 4o bo gouretiod sort oferty anol Nae oe of _reetiurm “on_hnPa_tnveximtont % ie ua, Neca gf externad mudlitenes i hi : ___Ain_eotormnce) + oot tone exponter tate inton on we #nue and dostrness: ot “ = _ frformotion pateviolec!- in ae Atct torment. 09) ~ ie my _bigeol pf ulartiane of vee he _ | The ereame. poles ‘ore nattenent- finale cies fork (cities ete cmon. 4 otherciapt sds oubneceryenbs’ oF te | __ tole “Ghol_the feantict) p yosiHion af 4 reepicese donyive: Pinnae ppentorforetn- the Sait folueny oe eee Amt nig: s atl, ved ni poet 2 : dy aes i oop ot “ERR +0 undlercitonel ee? “dhe prodteitiny romial_#incenciow! postion |_of Jo ena This “unolercctownolin é excontiott io fofermeucde — street ert tn cbticctiv bengal neyeter:emi) @ ducatinty es oa jhe_youcipua¢oo! a Arcot Qos D ont c pf xh'inaneiow etouremon— Anothy chon q aay Ans> PL Pinaneloul s-cunottyst: C8 aolept te % Aloso fotowing. cools tort anos ee Sinan i ney @fovemoht» “These-crte > 20. toxcarneol 4 A ten mojnods oneclovicer of FSA ait 1) Cenmpourtoutve grcitemenks =. 8) “Thtend_candhjeie % ae ga 3) common se aderements u) | Funals Pious cnowty gi 8 say Lice’ -Pleus cou Wreos 0) Petro 01 ae ; : 4) | cost valerate roti onailyss 1 | Compansoeve sja4e maps ee ae Sie =Camparccve- “Pinewne tou gtoterneot — Te ovtoobcot Fine cio emouys. -tigeal 40. ~eatuskp sho: magniquole anol Valier tons ———_< 4 dota eit on atno|__pertfertnncin' she -Pinanncicd posit _| onal co of Prin overt ot —_——__ Wpereinol of tone 2p 5 in aol devas woot The “corpartarive tinwneion ———, =|. gtovements cre @adomenke of the Mtneldauiod position: at olitferionyporctocls04 gimmdo | 0) | The_olennents of Pinanciou postion = at [ux Shown 19. -at cempacrot hecstorer £0 _ Tag bo glean tole, of financial pecition dl = jut uso! ort morte period, pinta rt i ‘The CompouraLirve &tourement- —_— esis If Pry ghOw + b _ |Eas Nose al ‘Breoute ft curt. Lireyp pre o ele eaierar tie fee aie a ort old arene in obs gol. casts fete invatooe. fl Absoteate olodor (in der cia denms_of Pomcenk 7 i] Increcree— ort cleeneax0-fn forms.of. ped fe Sv) | Compeiricons eotpreattenl fm. tonerns cf meantoge. +) | Percentage of -toteute » een 80 Tho freporctant oie tiver.ch oF Coney ig cheapest ) | Jo tndlitete ihe! 4rremal amet alfrcection of shortage posing anol operon merulte - “ol ut pe_sirre HAs Seuncl potatoe. | of of fin in seniranstch viguati by =e} atin politi s . igo bl Lp 42-1 oo in plomnin anol foie tectervcct —~ — Soreeat sing gst e_ceol #0. ___fy)| “To “embhauns | gine wohalnoae eietoan di z plirtec +20 paeueeet ee iT ae a positon. a ie The. +4100 comporoutive _aindomen’’ cute s- yn _evolt A — z les Balonee amoet ss none! velo “W (become -ghoternent~ a fa eel the tna ss a cause apbyimes ae Snepawale Balaore eee! 2 posi #00 eb» _Conypoutcittve Batonrontneck ob. a -pelerep P deren 20 = 1¢_ pr ratrtec| 40: ehow clifercent asters, Aabsbité ikon ra “Coypr tou o's sgn_AWwo_ome morte _ol4es 80 _— is ta ‘compare oric|s oscorstatn haat rte e_fttems ate — Be 7 ore loentenee: co) obsolete ag eee a0pace v0. 3) (bot: 1 a) racorne. ayouroregat OF 1 agetercen, aa compa te a motit cupol lors Jhe_ fincome on gua : 5) common slap Sot theurcesubls \of anouapsolions mca a eee Pee liscaboush hostel ponte. == ere not togs an) aiccewok of bpucinesL pppor:ceting “VW iquntena pate “The onppauwcet Hvesfineomne sasomonk eat pt rtorte: gives an_tolea_of_the progricas ofa _bustneg___|_nroke proven ‘overt ct penttoo], 0 of s¢¢me? Tne eeunges __ sh vartattitte-s ounce ‘yojuox ond | Sixe_gxa.terne ine fortowiing The jotole t yoKen as+100 o--tnaltvialt fin’ cungotert© derta— eo ma ene’ peircentcger Canoe oletertramn| Mie pred ito bitty of: tne eo #0 inet — jpUginese” = ~~ ay Firend Patysiet C a i | hers, Ttend Se ofecnnathere || -pencemtage b te parca ae ul ia: zotnrid ae ob diferent Ffinown cial Sto.romn — | sete Hoof Ursportant [tana fe, tho_imporciont f \ ~ oo [inaind faut: gtadernonte sore tong ast i _ cainsise FAKED feet he_| ee ore more) __|| For! bye _Ht nculeyeie- The coutcetoe tion — Beigiieisot i: of preetrol- ee ceuelx nf crctinmet cost rola ponnip. of eatthh 1 — uree 40 the Sanne ifkern | ther of covert — [lot poe year: Tho_inder_tt the hate — i Prcocn Ano ened eae _fq ¥ ipoyindt per extention fort igerlo seqpuiert 1c ONE. phe fren: | coueentotool " ck lngencvin qho-fiaanciod = Loni yet cat) koese Levee “of picendf Che _upucanro} 0 4 clown vooutte “and oial vige he menage | 40 40Ke abe Ruilie peo | fucteurto __— i3) Ces Size -Stokemenk + he common sizes patencesineet cinch Areom, Statements, Soe (non. grea Pebreen how ies LUE OAL© ethoron..01e Doreentdge she: stoikement of prod th Aa tose. i ae abi rovenue fron. epercucene ) i” | ptorbsrlttioe -emaloFotort goutes sehen gize_gatomente bop ee mat ep0y ; __ | the =fotlowing woups | ae =) ae fn.at emnpcurtctiye bode — | ghee} the emphacie fq_ino Chow Tats <= — pate fa ‘ac dlyneemic. stettersen er to orrtlyeing oc) 2) Wolk nt OL FO — —_ty| Lecon o-useol avo tool. J outer oe 9} — ane finance nogitl on — | pyert.4 -pe fool ot rumbon_of Ye ) araufemeny- fogy_o1 Commpeeriebty€ — i © aoe ai i - protedurre_ol prepare "Balance erect fabs 2 To eee _- Aecom sartortive Bcuainte shee FE containe | 4ine Jottovotng Cotten’ * red icertcaree S column ——— ag “porto ot_preenteons- pemciod /qeot eneet 1g holoune—S ed sad eg a 184 ide 4 Eerce uy ese ar, Sg & gegns gags ee 27 Pro Iectlance ehoel | Fortencit of Cornu lod UJa= |@ { )) oe) has Qo [pps Yast |ae Guidlines for fnter. resodion DF rannpantoth ve _1gclornt! 9 anoet + — — 1 eunerent- Francia pasitvon —omol tieyutality —_reetuete = postifon 1 = — Lit gtrowe 4 Glusly. the wore copter? Laecouni ¢ com noettibnt Ceeurercent cite ats. minus. + | Compoutcy Cuurcrcom+ttoalattt and eranger fp 2 the- prt wartkys copii cl “shel +ho {9 of time's ceeete U itke cagh 1m homol s ash ot jena E ce ea | hank, dlebrore bile receivobler ae ee z es =a. Pimanet Das tion 4 es — "tse ee jae pocaee sent kil — | aemey_ Pur ig fe elt anol a Aa metuats | OMguire _ wWhesthert Sante tore furicl < —— ib) To inal eI hte] ot, {ocenci nq “Htheol aeeote eurrenek =| inser Ss | on fee Aredia biity af te concern) A | To ot Bg at. dhe change? et ~ | atetton Be Ea perenne el, vaurcious diner_terqrtes, _____{Wv9) “To. he I ratance’ fo dhe probit ancl_teet account 4onece [ele « = a = Tog —— a SS hee Lou” | tron _aquoly youioue oseoke anol Sls P| thuptttres “9 ol at Rhowlal_ he = ‘Forrtaod ‘ahout the fnonciol post Ken — | gt tho_cencontn_A_conclucling_riernartk =| about “4be. Pioaneiol ee mtit ho + 4 pen a3 out the Ne lS Ene ==(Pace NO. (bate: s I me { Uo] Comparntive—Thepme-srasemen t= = 4 The _sncome Statement igi reste of the epomcctions of Aes the . Te athows tthe nek prot orc ae businoss S account ot business eponabinn ii F || compeutattye_tneorne statement bh a ae : of dine prroquese of a business cubic pan oh_timo.» Pho changes tn cxbsolute Nala _|monory youries dinol_—~_perteentoge +s Coin ee | cletortenines! 40 cmnavley2e ho phoFix thine ot +he ousiness* { | _>|_9bi fives nt Comparcuttve Treome sazonserts by 0. ainsieyse comet evoluicte the ope olin ee jroguabemvinblollivitineesss To incliecde ahe trond atinel olfrcection ¢ fa # comes cind expendi turtes fo terms of obsol money yoduer ono pemeontoge? e = To_omharee the “usefuiness, Yo om to ayugoment ~_— it v)| To hel the rane B® tonecat the pr q @ wi fo ok cin \tclect_cbeut, | manrtked atcwncling ot ghe busmest—— in ice eee i _ghe pra ex and iLe fe nad yalorpoate Fed, A ort |QHIO FI sirens | | sppugdad pore | PA: oop ual) | a narpdad | quad | | ahaycws | | 3) dom | riper Out IS € = yo woul rout pve |G anwar). prtpfttsanol tos | Foryeronts of co_Pitcr@eunge- the oftta in eo eoduuiren ae eta oul the changot in the ei! ree ol “voune otindl “in 4ersme of _perteons ste mckyse the — ae ara ‘tele rr ff ficthrnae mial thy Ce a fine changes fin_grross rofl ts wold +1 thor! get fA sates cal eo! mate Te ieee ont ct tH pemser ia pata Seances ‘ne pana’ on. fiph nony= epson re = ox ranal nen operietetin facome™! ma e_the a hetoresitory _} anol Hort teort-tere aco: pn ton: matty he forcnacs) ounce ti prroPitcunttliy so ‘ofl ane ee dott _-_Conetuck’ng FONE KS riecl oinoleenbset steel bee ea A_rteport (apt a ri ried Poie> fngoromro Hon anal — __poforte: mone. i a oe ou pron ob Nt py rae shook onl. “Pacome: gtertomionk + dire thou — fa anoulytieortpertcentor si TIR©: Pye Otte { C3t $ ot shown ors ake er ros tt Hogs)» oqo) cigeets movenue- romp romabfont) » ioral ifbiutiet and — ofall cite cenin nell: 4 © ot cornmon. size -aarement! : at -ornimon— _gize balance. ghé 48 easel _aizo facome5 cee sty i gjoremer POMS as eo pet! each caset 40° potou oseet-e- cll) [et seach eo MOL (EY “0 of Horo fait Fag a meu ce ufze potlornte sheet BE agniticor oe th ened ta eee aq so acl — Jngeet to 4htc_assel! {He yee dated "DY yO USE "4000 pourco¢ uot diftorten} dan terpe ___Pbsolute pint het ‘pot. oe “ene. 20 t+ 'eor: be Kept cat 5 ab _| the. eS _ tho: tonpeel a Shar io si j ptiane ; eater atlas corapan Pq Tver oiftenent Be eepe alanis _ 4he © cmange fn. 8 % “he, ef asel (orninienS ts | ye te no ro “eat “0. sei causitah i s4erofocr} HORS fore asgetes- a re al (apittien 20 anaayrefrespeis eyorernent: —___ereharck-ton-tm Loans| i anal diol voence voy Lower creer ents ih oy ngewe it ft tals qptailp Bs Porana Yor carmen size areyemont of Pet ede the fore tn etotoment of sprotit @ | Revonu —___| Ono! #022 can tro @hown Ce Canna Saas ce of mevenge from opencttions toto) 2 enor [the se oe ot conti Gowatonce's | tat pie 1. signi dreamt rrelcctfome nip canbe 2" T\;_fope =e foate Lreineal between. {tome of=incomet —_~ ite | Btateront anol voleume of Roles Mae FP imerteoxe fn cates wiht: teretoein by sintrtene— AG - ee aolminterrottve ort Coaieom cox taarirboy soba (1 1 [yy Rhntteonte 2 ae aah al raigfon_of comm nye eommMen— py | atx _freorme_ etouoment WHHL to corn} rearratble_ dys foe _ricvennte tne lfitercerves tn a eco unt — mo.ke up -— 1 Cin 9 5 on amnculysk te ayptorie endl aural et —ghe reasons fort Anose ott al 40 undlertstourno| — dno ettien thwart veil _| weakness ens Inthe pune) pe nas } gamete Let abe coing ctr ie re. siidccuse “to Facanaebkb i I On co noretpeton 2 tithe Ateee tho “etal velvet. -compornfes tndlent anotly sis >= a Format of tee of Pot [aca aoe Porepiiacetoe ret: 9: Revenue dion 6ponciien 7. + _¢ met Soctes) \ Gi ether Trrome pst DD.) Tote revenue: (T+P) = Expeneer! ~ —-ed.cost of meetorccael. ___*fonscrmeap> _b) Perremareer of ehock ti satay ‘opto 0) ranteumeies ——p iso wecioution — qumorcfecchion_exp Oe ca “Totaut ongeds, mao oes Tat. —} ei !