Financial statements provide crucial information about a company’s operations and financial performance, which is analyzed through financial statement analysis. This analysis aims to understand the connections between various financial elements, identify strengths and weaknesses, and forecast future prospects. Financial statements consist of two important statements – the income statement and the balance sheet, along with other useful statements for internal purposes. Trend percentages are a tool for horizontal analysis used to understand changes in financial condition and operational effectiveness over a selected time period. The study of financial statements also involves calculating ratios to assess financial performance. For the purpose of the study, the data collected from secondary sources from the company’s annual reports as well as financial statement analysis journals and books. The collected data is analyzed by using trend percentages and ratio analysis.