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can anyone help? ACC 104 - FINANCIAL ACCOUNTING - WRITING ASSIGNMENT: You are an accountant at Hakes Inc. The Finance Manager, Paul Kraft, is thinking
can anyone help?
ACC 104 - FINANCIAL ACCOUNTING - WRITING ASSIGNMENT: You are an accountant at Hakes Inc. The Finance Manager, Paul Kraft, is thinking about the company's future and has asked you for your expert advice concerning an analysis of Hakes' competitors' debt positions. Specifically, he has asked you to research and answer the following questions for two major competitors - Target Corp. and Walmart Inc. Go to www.sec.gov and click on "Company Filings Search" and enter each competitor's name and access the annual report or 10-K for each one. Questions to research and provide answers to Paul Kraft, in memo format. 1. What are the most significant types of current liabilities owed by each competitor? 2. Do the competitors have any significant amounts coming due in the next five years? 3. Compute and analyze the debt-to assets ratio and times interest earned ratio for each competitor and comment on which company, Target or Walmart, appears to be more solvent and why? Assignment requirements: 1) Use memo format - the template can be downloaded from the Writing Assignment tab. 2) Memo length for potential full credit - is one and a half page typed, double- spaced, and submitted to Safe Assignment. Wide top, bottom, and/or side margins do not count toward the minimum length requirement. 3) Appropriately address the specific question asked. 4) Spelling & grammar count. Grading criteria for potential 50 points can be found in the rubric in the SafeAssignment link. NOTE: Additional instructions can be found with the links provided in Bb. Please read all instructionsStep by Step Solution
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