The report below shows a comparison of P&L Statements for ABC Company for the first and last halves of the year. Please use the following Excel spreadsheet for this information to aid you in your discussion: 1. Review the comparison of the statement for January 1 – June 30 with the statement for July 1 – December 31 and identify what factors influenced the variance in net profit before taxes between the two periods.2. Compose a discussion board post, answering the following questions:-Which aspects of the report show factors that influenced net profit? Include actual numbers from the report to support your answer.-Choose two of the factors identified above and deduce what might be the cause of the change reported. Explain.-Based on your comparison and deductions, what steps might you take to improve performance for the next 6-month period?
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