Please read the given pertaining to the case:
The following is an excerpt from a press conference with Marv Throneberry, CEO of Gargantua:
"Gargantua had a breakthrough year in 2008. Earnings increased for the 5th straight year, earnings per share were almost 50% higher than in any previous year, Return on Equity was at a record level, and cash flow from operations was more than 65% higher than in 2007.
2008 was a banner year and I foresee even more financial success in the next few years."
Do you share Mr. Throneberry's optimism? Why or why not?
I have an Excel file that contains the Balance Sheet, Income Statement, Statement of Cash Flows, and supporting Schedules for Gargantua for the period 2003-2008.
The answer should be in the form of text followed by some exhibits. The text should briefly summarize your conclusions and provide details about the analysis supporting your conclusions.
Attachment:- Gargantua_Case.rar