Background:

Choose a publicly traded company that you are interested in learning more about and review

their most recent annual financial statements (Form 10-K). Ignore if they have a 10-K/A and

select the most recent 10-K. (For context, a 10-K/A is an amended annual financial statement)

Browse through the different sections of the financial statements to understand more about the

company. The only company you can not choose is Tesla, given we have looked through their

financial statements as a class already and I will use them as an example when explaining the

assignment in class.

How to access financial statements:

All publicly traded companies are required to submit their financial statements to the Securities

and Exchange Commission (SEC). The public is able to access any publicly traded financial

statements by visiting the EDGAR tool on the SEC website.

https://www.sec.gov/edgar/searchedgar/companysearch

Requirement:

After you have browsed through the financial statements for the company answer the following

questions:

1. What is the companys ticker symbol/trading symbol?

2. When is the companys year end?

3. Who is the auditor for this company?

4. What is the companys current ratio?

5. What are some of the current assets the company has on its balance sheet?

6. What is the companys debt-to-total assets ratio?

7. Does the company have net income or net loss on the income statement (also referred to

as statement of operations)?

8. Did the company make more net income in the current year or the prior year?

9. Does the company have a cash inflow or outflow in operating activities and what does

this mean (refer to the statement of cash flows)?

10. What were some of the investing activities the company participated in during the current

year?

11. If the company has property, plant and equipment, what are the estimated useful lives

they use for each category of these assets? Also, what is the amount of accumulated

depreciation for the current year?

12. Does the company sell inventory? If so, read through their footnote on inventory. Discuss

one thing you learned.

13. In the managements discussion and analysis section, read through the comparison of the

current year and prior year revenue. Tell me one thing you learned.

14. Did the company conclude that management believes the internal controls they have in

place were designed effectively and operating effectively? Refer to Item 9A.

15. Who signed the companys financial statements (position not name)?

16. What is the date the financial statements were issued (date of signature)?

17. Explain a few things that you learned about this company while navigating through the

various disclosures in their annual financial statements. Is there anything you were

hoping to learn but didnt?