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Unformatted text preview: The financial statements for Quantum Corp. for the years of 2010 thru 2012 show a slight decline in assets along with their profit over the past couple of years. Their current assets have decreased and their long term assets have increased. The company’s debts have also increased currently while the long term debt has decreased. They have provided information on some of their financial issues one being a part of a lawsuit in which they are not able to disclose any legal damages. The company does not state what they are going to do with the negative trends that are shown in their financial statements. The company does show some improvements in clearing up some of their debts, but with a decrease in profit it will be slightly harder to pay down some of the debts....
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- Summer '12
- Accounting, Generally Accepted Accounting Principles, Quantum Corp., Chris Fountain