Final answer:
The condensed financial data of Granger Inc. includes key financial statements such as the balance sheet and income statement to provide a summary of the company's financial performance.
Step-by-step explanation:
The condensed financial data of Granger Inc. refers to a summarized version of the company's financial information. This condensed data includes key financial statements such as the balance sheet, income statement, and cash flow statement.
For example, the condensed balance sheet provides an overview of the company's assets, liabilities, and shareholders' equity at a specific point in time. The condensed income statement shows the company's revenues, expenses, and net income over a given period.
By condensing the financial data, Granger Inc. can present a concise and easily understandable summary of its financial performance to stakeholders and investors.