APPENDIX D - Team/Group Project

CORPORATE FINANCIAL STATEMENT ANALYSIS WORKSHEET

Belhaven University Administrative Accounting (BBA 321) Name of Team: __________________________________________________________ The corporate financial statement analysis project requires your group to analyze a corporate annual report. The project is due at the end of Unit 8. You must submit a copy or scan of the balance sheet, income statement, and other information sources of your corporation along with this handout so the instructor can grade it.

General Information:

Name of corporation: Line of business: Location of headquarters:

Number of employees: (This cannot be found in the financial statements but can sometimes be found elsewhere annual report.)

___________

$__________

Number of shares outstanding: (This may not be found in the financial statements but can sometimes be found elsewhere annual report)

Number of different people owning shares: ___________ Closing price per share of common stock inThe Wall Street Journal: _________ Does the corporation have preferred stock (yes/no)? ___________ Trading symbol/abbreviation used inThe Wall Street Journal: ___________

1. 2. 3. 4. in the 5. Stockholders' Data:

_________________________________________ _________________________________________

_________________________________________ (City, State or Province, and Country)

The annual report is for the fiscal year ended:

_________________________________________

6. 7. in the 8. 9. 10. 11.

Par or stated value of common stock, if any, per share:

___________

Auditors' Report:

Name of audit firm: _______________________________________________

Opinion: _______________________________________________ ("clean," "qualified," "adverse," or "disclaimer")

Historical Summary: 14. Number of years included: ___________

Balance Sheet: Be very careful to note whether the numbers in the financial statements are given in dollars, thousands of dollars, millions of dollars, etc. If you don't take care about this you could get this entire section wrong!

Total assets

Cash

Accounts receivable

Quick assets

Total current assets

Total current liabilities

Total long-term liabilities

Amount of deferred taxes, if any

Financial Ratios: Use the formulas from the textbook.

Working capital

Current ratio

Acid-test ratio

Accounts receivable turnover

Number of day's sales in receivable

Inventory turnover

$________________ $________________ $________________ $________________ $________________ $________________ $________________ $________________ $________________ _________________ _________________ _________________ _________________ _________________

Number of day's sales in inventory

Ratio of plant assets to long-term liabilities

Ratio of liabilities to stockholders' equity

Number of times interest charges earned

Number of times preferred dividends earned

Ratio of net sales to assets

Rate earned on total assets

Rate earned on stockholders' equity

Rate earned on common stockholders' equity

Earnings per share on common stock

Price-earnings ratio inThe Wall Street Journal (This must be looked up. Use any edition ofThe Wall Street Journalprinted during this

class.)

40. Dividend yield inThe Wall Street Journal_________________ (This must be looked up. Use any edition ofThe Wall Street Journalprinted during this

class.)

Financial Statements:

Number of notes to the financial statements

Were the financial statement pages a different color than the rest of the annual report? (Yes/No)

Income Statement:

Income from continuing operation before income taxes $___________

(Dollar amount)

Taxes on continuing operations $___________ (Dollar amount)

Extraordinary gain or loss, net of tax (if any) $___________

_________________ _________________

$___________ (Per share amount)

____________ (Per share amount)

_____________

_________________ _________________ _________________ _________________ _________________ _________________ _________________ _________________ _________________ ________________

_________________

(Dollar amount)

Gain or loss on discontinued operations, net of tax (if any) $___________

(Dollar amount)

Cumulative effect of change in accounting, principle, net of tax (if any)

$___________ (Dollar amount)

48. Was the earnings per share given as "primary" and "fully diluted"?

Miscellaneous

Name of the president or CEO: ___________________________________

Did the notes to the financial statements discuss a contingent liability? ___Yes ___No