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I sure appreciated the responses to these questions, but I don't think either of you provided a detailed answer to the poster's first question. Could you please elaborate?

Example: I want to use quarterly information. The 3rd quarter Income Statement provides me with revenues for 3 months ending September 30th. The Balance Sheet provides me with short term debt "through" September 30th. I don't have to back out these Balance Sheet and Cash Flow Statement numbers from the previous quarter, do I?

Thanks much, Lynn
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