To the Board of Directors and Shareholders of Fleetwood Enterprises,
Inc.
We have audited the accompanying consolidated balance
sheets of FLEETWOOD ENTERPRISES, INC. (a Delaware Corporation) and
subsidiaries as of April 30, 2000 and April 25, 1999, and the related
consolidated statements of income, changes in shareholders’ equity, and
cash flows for each of the three years in the period ended April 30, 2000.
These financial statements are the responsibility of the Company’s
management. Our responsibility is to express an opinion on these financial
statements based on our audits. We conducted
our audits in accordance with auditing standards generally accepted in the
United States. Those standards require that we plan and perform the audit
to obtain reasonable assurance about whether the financial statements are
free of material misstatement. An audit includes examining, on a test
basis, evidence supporting the amounts and disclosures in the financial
statements. An audit also includes assessing the accounting principles
used and significant estimates made by management, as well as evaluating
the overall financial statement presentation. We believe that our audits
provide a reasonable basis for our opinion. In
our opinion, the consolidated financial statements referred to above
present fairly, in all material respects, the financial position of
Fleetwood Enterprises, Inc. and subsidiaries as of April 30, 2000 and
April 25, 1999, and the results of their operations and their cash flows
for each of the three years in the period ended April 30, 2000 in
conformity with accounting principles generally accepted in the United
States.
Orange County, California June 23, 2000 |
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