The class should be divided into teams. Teams are to select an industry (such as automobile COMMUNICATING
Question:
The class should be divided into teams. Teams are to select an industry (such as automobile COMMUNICATING IN manufacturing, airlines, defense contractors), and each team member is to select a different company in PRACTICE that industry. Each team member is to acquire the annual report of the company selected. Annual reports can be downloaded from company Websites or from the SEC’s EDGAR database at (www.SEC.gov).
Required 1. Use the annual report to compute the return on assets, debt ratio, and profit margin.
2. Communicate with team members via a meeting, e-mail, or telephone to discuss the meaning of the ratios, how different companies compare to each other, and the industry norm. The team must pre¬ pare a single memo reporting the ratios for each company and identifying the conclusions or consen¬ sus of opinion reached during the team’s discussion. The memo is to be copied and distributed to the instructor and all classmates.
Step by Step Answer:
Fundamental Accounting Principles Volume 2
ISBN: 9780077716660
21st Edition
Authors: John Wild, Ken Shaw, Barbara Chiappetta