Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

1. Choose a company and find their most recent annual report that is publicly available (almost all companies have their annual report available on their

1. Choose a company and find their most recent annual report that is publicly available (almost all companies have their annual report available on their corporate website --look for an Investor Relations link). Be sure you choose an AMERICAN based company that uses GAAP. You can find out what accounting standards they follow by reading the Auditors Report letter.

2. Provide the link to your annual report. MAKE SURE you have an actual ANNUAL report from the corporate site...not statements from google, msn, or other secondary sources. Also, not a QUARTERLY report. Let me know if you have any problems with locating a current annual report. A good start is any U.S. based company listed on the New York Stock Exchange.

3. Include the name of the company, the date of the fiscal year end, and the hyperlink to the annual report.

4. Locate the financial statements in the annual report (usually found about in the middle of the annual report). Gather the following data for the most recent year end and provide the following information -

  • From the Balance Sheet: a) Total Assets b) Total Liabilities c) Total Stockholders Equity
  • From the Income Statement -sometimes called the Statement of Operations: d) Sales Revenue e)Net Income or Loss, f) Earnings Per Share
  • From the Statement of Cash Flows: g) Cash Flows from Operations ---this is the first of three sections of the Statement of Cash Flows.

Make sure you reference "in millions" or "in thousands", when and if appropriate when providing your numbers - found at the top of the statements.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

British And German Banking Strategies

Authors: S. Janssen

1st Edition

0230220487, 9780230220485

More Books

Students also viewed these Accounting questions

Question

What are some of the topics studied?

Answered: 1 week ago

Question

Did you check photos for quality and rights clearance?

Answered: 1 week ago

Question

Did you check the facts, their accuracy, and sources?

Answered: 1 week ago