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October 13, 2022

multi-step Income Statement

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Use your completed worksheet to prepare (a) multi-step Income Statement, (b) Statement of Owner’s Equity and (c) Classified Balance Sheet as of Dec-31-21;

Memo: An evaluation of the company’s financial performance assuming this is the first completed year of operations. Select, calculate and discuss 3 financial ratios (e.g. profit margin, quick ratio) for this company. Please make any assumptions to support your decision.

Address memo to Management of CZS Medical Center.

The memo which evaluates the company’s performance should not exceed 200 to 250 words.

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