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Summarize the information from the 3 years’ financial statements, the ratio calculations, and industry comparisons provided in the case to present possible solutions to the company’s profitability problems.

Use the information provided in the Study Problem 6.5 in Appendix 5A of the textbook, Understanding Financial Statements, to write a 250-500-word memo to your manager, the chief operating officer of Luna Lighting. Summarize the information from the 3 years’ financial statements, the ratio calculations, and industry comparisons provided in the case to present possible solutions to the company’s profitability problems. Be sure to conclude with projecting the future success of the company based on your findings.

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