ACCOUNTING 202

DUE DATE: Sunday, February 12, 11:59 pm

ANNUAL REPORT PROJECT

NAME:

General project instructions:

Please read this document carefully, if you submit the assignment incorrectly and are asked to resubmit it for any reason, it will be considered as at least one day late.

Complete this document using the annual report that you downloaded for Part 1.

Do not create a new or separate document; just complete the one I provide. Almost all the information for this project should come from your companys annual report.

Throughout all the parts of the project, information is requested from specific pages in the annual report. You will need to take a readable screenshot or picture of the page(s) that support your answers and insert it in this document where requested.

If you need help taking a screenshot please watch this video: https://youtu.be/EoTpIYLBtKs

If you need help cropping, or sizing, a screenshot please watch this video: https://youtu.be/BkeBauCpuUg

When a question asks you to explain, describe, analyze, etc., use complete sentences and well-organized paragraphs.

Part 3 (20 pts.) (Use the same company from Part 1.)

Name of company chosen: __________General Motors_______________________

(You will use the same company for all parts of the project)

Year of the annual report: __The year end 31 December, 2015____________

CHAPTERS 9 AND 10: LIABILITIES

A. THE BASICS

Use the companys balance sheet in your annual report that you identified in Part 1 of this project.

Page on which balance sheet appears: _________

(Insert screen shot here to support your answers below.)

1. What is the dollar amount of the companys current liabilities?

Annual Report: Current year ______________________ Previous year ____________________

2. What is the dollar amount of the companys long-term (noncurrent) liabilities?

Annual Report: Current year ______________________ Previous year ____________________

3. List the major categories, or sections, of the Liabilities area on the balance sheet. (Do not list each line item):

4. Balance Sheet Debt

You may also need to refer to the notes to the financial statements and to the financial statements themselves in order to answer the questions in all parts of this project.

a. In which current liability does the company have the largest dollar amount owed?

b. In which long-term (noncurrent) liability does the company have the largest dollar amount owed?

c. In total dollar amounts, are the companys liabilities primarily short-term (current) or long-term?

B. FURTHER ANALYSIS

Compare the current year ratios.

1. Using the formula given in the textbook, calculate the following for the past two years: Remember, if you need them you will find prior years amounts in the Five-Year Summary of Selected Financial Data that you found in Part 1.

Show your computations. Annual Reports

Current Year Last Year

Debt-to-Equity: ___________ __________

b. Explain what information this ratio provides. Why do we use it?

c. How do the results for your company compare by year? Explain and give possible reasons for what youve found. (at least one paragraph)

How to submit this assignment:

Complete and submit this document in Canvas on or before the due date. Do not create a new or different document.