Brooklyn College City University of New York Department of Accounting Principles of Financial Accounting Examination of a Corporate Annual Report Students Name _____Orhan Polat___________________ Please choose a publicly traded company to work on. You may select a company whose securities are traded on the NYSE, AMEX or NASDAQ. Please do not select a company that is a financial institution or services company. The company should sell merchandise. Part I Fill in some basic information about your company. Name of company _____Louis Vuitton_________________________________ Principal exchange where the company trades _Nasdaq______________ Market price of the stock ______________ as of ____________ (date) Annual dividend ________________________________________ Last dividend paid on ____________________________________ Read the business summaries and managements discussion and analysis (MD&A). Summarize the remarks (ex. Poor operating results/expansion plans/sale of a division, etc.) What kinds of products and/or services does the corporation provide/sell? Leather goods to ready-to-wear, shoes, watches,leather bags, jewelers, accessories, sunglasses and books. a. Which accounting/auditing firm audited the financial statements? Did the auditors report indicate any problems or exceptions? 5. a. Did you find any new terms within the financial statements? b. Did you find the presentation of the financial statements clear? Why or why not? Part II Indicate the formula to be used and insert the amounts used in computing each ratio. Express your answer in suitable units (percentages, decimals etc.) Current ratio Quick ratio Receivable turnover Average days sales uncollected Inventory turnover Profit margin Return on assets Return on Equity Earnings per share Debt to equity ratio Dividend yield Price earnings ratio (use price from question 1 and EPS from question 6-i)