This report presents an analytical review of ABC Learning's historical financial statements from 2000 to 2007. It utilizes various analytical techniques, including DuPont analysis, common size analysis, trend analysis, and Beneish M-Score, to assess the company's financial performance and identify potential areas of concern. The analysis reveals fluctuating return on equity, varying dividend payments, and a decline in performance over time. The report concludes that while there is no evidence of financial manipulation, the company needs to focus on cost reduction, debt management, and capital management strategies to improve its financial health.