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As observed in the following graph in 1999 net income dropped into a negative and maintained in a negative stage for a couple of months. When a company has negative income it means that the company is suffering and going through a difficult stage. The company is either lending too much or not enough business...
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The company is either lending too much or not enough business. Mycon has great potential but as seen they do not know how to manage the business or even worse they do not know how to deal with competition. This is a reoccurring problem that is seen and sticks out almost in every document evaluated. The item that never went into a negative was the retained earnings the only thing that happened to retained earnings was that they suffered a continuous decrease as time went by...
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