The eXtensible Business Reporting Language (XBRL) is the future of financial reporting. XBRL is a computer language that “tags” each item and specifies what that item is. XBRL reporting has also been adopted for use in Australia, Japan, and the United Kingdom. The Securities and Exchange Commission (SEC) requires that U.S. companies submit financial reports to the SEC in XBRL format. XBRL reporting allows investors to quickly download financial statements for analysis.

For this assignment, go to the SEC website at www.sec.gov. Once there, look up the financials for a company. Next to the 10-Q (quarterly) and 10-K (annual) reports, you should notice a link that says “InteractiveData.” Click on this link, follow the “Financial Statements” link, and select “View Excel Document.” This link will allow you to download all of the financial statements in one Excel document. Download the Excel document and copy into the next worksheet. Use these statements to calculate the ratios on that worksheet. Do you notice any changes in these ratios that might indicate further investigation?