ACCOUNTING 524 - FALL 2 2023 Fortune 500 Company Financial Analysis - 50 Points PURPOSE: The financial analysis case study is designed to give each student the opportunity to research the financial statements, accompanying information, and any related information of a large, public company that will be assigned and communicated in an email during Week 1. PRODEDURE: Locate the most recent annual report and/or 10-K filings published and available for this project from your company's website. It is mandatory that you use the audited financial statements filed with the Securities and Exchange Commission or included in the company's annual report. You must communicate in an email to your assigned faculty, the fiscal year-end (FYE) date, using this format (i.e. 12/31/2021), of the financial statements you are using for this assignment by November 17, 2023. (DO NOT send the entire 10k or annual report!) Failure to submit this by the due date, or submitting the incorrect FYE date, or using the incorrect format will result in 0/5 points earned for this question. REQUIRED: Using the information of your assigned company, you must answer the questions on the Fortune 500 Financial Analysis Form located in the Week 5 Coursework Folder. Your answers must be specific to the decimal place requested and format stated on each question including $ and/or % signs. This assignment, excluding the FYE date, is due by 11:59 p.m. CST on Friday, December 8th. You may earn 2 points extra credit if the assignment is submitted by Tuesday, December 5th. Your analysis will include answers to these questions using the form located in the Week 5 Folder: 1. What is the most recent fiscal year-end financial statements published_and available for this project? (All subsequent questions must be answered using this document.) (5 points) 2. What is the name of the auditing firm that conducted the annual audit? (2 points) 3. What a.) depreciation method(s) was/were used to compile the financial statements? (2 points) b.) are the estimated useful lives of the depreciable assets? (3 points) 4. What were the number of common shares outstanding at the fiscal year-end date? (3 points) 5. What were the Basic Earnings Per Share published in the financial statements? (2 points) 6. How many treasury stock shares were held by the company at the fiscal year-end date? (If none, choose 0.) (3 points) 7. A. Did the company pay dividends during the period of your review? (1 point) B. If yes, how much per share? (2 points) 8. What was the closing price per share of the common stock on the last business date of the fiscal year-end reviewed? Hint: This won't be in the company's financial statements. (3 points) 9. How much cash was generated or (used) by: a. Operating Activities? (2 points) 1 b. Investing Activities? (2 points) c. Financing Activities? (2 points) 10. Calculate the following ratios using the formulas illustrated in the Pearson e Text: a. Price/Earnings ratio? (2 points) b. Profit margin ratio? (2 points) c. Rate of Return on Total Assets? (2 points) d. Debt to Equity ratio? (2 points) e. Current ratio? (2 points) 11. Explain if you would (Yes) or wouldn't (No) recommend investing in this company by concisely giving three reasons, based on your research, for your answer. (8 points) Your response must not exceed one (1) page and must be professionally written, typed, and use proper sentence structure with paragraphs. This must be submitted on a Word document and attached to the answer form in Question 20. Answers submitted on anything other than the form provided will not be graded and 0 zero (0) points will be earned. This portion of the project will be graded using the Fatal Error Policy. This policy is included in the Getting Started section in the University and School of Business Policies tab.