Search the SEC website (https://www.sec.gov/edgar/searchedgar/companysearch html) and locate the latest Form 10-K for a company you would
Question:
Search the SEC website (https://www.sec.gov/edgar/searchedgar/companysearch html) and locate the latest Form 10-K for a company you would like to analyze. When you are choosing, make sure the company sells a product (has inventory on the balance sheet and cost of goods sold on the income statement). Submit a short memo that states the following:
a. The name and ticker symbol of the company you have chosen.
b. Answer the following questions from the company’s statement of Form 10-K financial statements:
◦ What amount of merchandise inventory does the company report on their balance sheet?
◦ What amount of cost of goods sold does the company report on their income statement?
Provide the weblink to the company’s Form 10-K, to allow accurate verification of your answers.
Step by Step Answer:
Principles Of Accounting Volume 1 Financial Accounting
ISBN: 9781593995942
1st Edition
Authors: Mitchell Franklin, Patty Graybeal, Dixon Cooper, OpenStax