As a team, select an industry to analyze and a company that interests you. Find its annual report online. Answer the following questions about the company you chose:
1. What date is used as your company’s fiscal reporting date?
2. Discuss the possible high/low seasons for your company. When would be a good time for your company to have its fiscal year end?
3. Describe the sales process for your company. Do you think it has mostly credit sales or cash sales?
4. Describe some of the expenses for the company you have selected. Do they seem appropriate for your company’s industry? Does your company pay its expenses mainly in cash or on account?