Much information about specific companies is available on the Internet. Such information includes basic descriptions of the
Question:
Much information about specific companies is available on the Internet. Such information includes basic descriptions of the company’s location, activities, industry, financial health, and financial performance.
Instructions
Go to the Yahoo! Finance website and then type in a company name, or use the index to fi nd company name. Choose Profi le and then perform instructions (a)–(c) below. Next, click on the company’s specifi c industry to identify competitors. Perform instructions (d)–(g) below.
a. What is the company’s industry?
b. What was the company’s total sales?
c. What was the company’s net income?
d. What are the names of four of the company’s competitors?
e. Choose one of these competitors.
f. What is this competitor’s name? What were its sales? What was its net income?
g. Which of these two companies is larger by size of sales? Which one reported higher net income?
Step by Step Answer:
Accounting Principles
ISBN: 978-1119419617
IFRS global edition
Authors: Paul D Kimmel, Donald E Kieso Jerry J Weygandt