Atlantis Inc.provides the following historical data:
Prepare the trend analysis report Use 2011 as the base year,and round answers to the nearest percent.
Definitions:
Renegotiate Covenants
The act of revising the terms of a loan or bond agreement, often to relax or tighten restrictions on the borrower.
New Accounting Standard
An updated or new rule set by accounting standards bodies that governs the preparation and reporting of financial statements.
Events of Default
Specific conditions or occurrences that trigger a breach of contractual obligations.
Loan Agreement
A legal contract between a borrower and a lender outlining the terms and conditions of a loan.
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