Company Information (Tab 1), and Historical Income Statements, Balance Sheets, and Cash Flows (Tabs 2-4)

I have completed all but the projected income statements, Projected Income Statement, Progected Balance Sheet, Projected Cashflows. I am struggling with these three items. Could some one please walk me through the projections using excel. The numbers I have come up with are obviously incorrect. I am including all of the instuctions for the entire excel work book, but I only need help with the last three tabs.

Instructions

My Company is Lockheed Martin

Go to the Securities and Exchange Commissions EDGAR database and access your chosen companys most recent Form 10-K (annual report). (For help with this process, see the Module 1: Week 1 presentation, Downloading Financial Statements from the SEC EDGAR Database.)

Create an Excel workbook, including data for your chosen company as follows:The 1^st tab (worksheet) in your Financial Statement Analysis Template must be labeled Company Information. The following information must be included:

Company Name and ticker symbol

Industry

Products or services offered

Major competitors

An example of this tab is provided in Exhibit A.

The 2^nd tab in your Financial Statement Analysis Template must be labeled Historical Income Statements.

Include the latest three years based on SEC filings.

Ensure that the worksheet includes a header with:

Company Name

Financial Statement Name (Income Statements)

Financial Statement Dates

Denomination level ($s in millions or thousands, etc.)

The 3^rd tab in your Financial Statement Analysis Template must be labeled Historical Balance Sheets.

Include the latest three years based on SEC (10-K) filings. (Note: Some 10-Ks only provided 2 years of balance sheet data. You may need to download the second most recent 10-K for your company in order to obtain 3 years of balance sheet data.)

Ensure that the worksheet includes a header with:

Company Name

Financial Statement Name

Financial Statement Dates

Denomination level ($s in millions or thousands, etc.)

A partial balance sheet example is provided in Exhibit B.

The 4^th tab in your Financial Statement Analysis Template must be labeled Historical Statement of Cash Flows.

Include the latest three years based on SEC (10-K) filings.

Make sure that the Income Statement, Balance Sheet, and Cash Flows Statement tie in as follows:

Net Income from Income Statement agrees with Net Income on the Statement of Cash Flows.

Ending Cash Balance from Statement of Cash Flows agrees with Cash in the Balance Sheet.

Ensure that the worksheet includes a header with:

Company Name

Financial Statement Name

Financial Statement Dates

Denomination level ($s in millions or thousands, etc.)

Other instructions:The Excel workbook should be professionally formatted. Professional formatting includes:

All numbers are formatted similarly. The use of decimals, commas for thousands, and other formatting is consistent.

Dollar signs are included in the first and last numbers of each column.

Subtotals and totals are preceded by a single underline. Totals are followed by a double underline.

All extraneous information is removed from the spreadsheet. Sometimes, files downloaded from the SEC website contains extra characters or other things that need to be deleted.

Line descriptions are indented/bolded in a manner that makes the spreadsheet easy to read.

All totals and subtotals should be calculated using formulas.

Excel Project: Competitor Analysis Assignment Instructions

Overview

Competitor #1 Income Statement (Tab 5), Competitor #1 Balance Sheet (Tab 6), Competitor #1 Cash Flows (Tab 7), Competitor #2 Income Statement (Tab 8), Competitor #2 Balance Sheet (Tab 9), Competitor #2 Cash Flows (Tab 10), Historical and Competitor Ratios (Tab 11)

Instructions

Continue in the same Excel workbook prepared in Module 2: Week 2, adding the following tabs:The 5^th tab and 8^th tabs in your Financial Statement Analysis Template must be labeled (Competitor Company Name) Income Statements. (Replace Competitor Company Name with the name of the competitor.)

Include the latest three years of income statements for your competitor based on SEC filings.

Ensure that the worksheet includes a header with:

Company Name

Financial Statement Name (Income Statements)

Financial Statement Dates

Denomination level ($s in millions or thousands, etc.)

The 6^th and 9^th tabs in your Financial Statement Analysis Template must be labeled (Competitor Company Name) Balance Sheets. (Replace Competitor Company Name with the name of the competitor.)

Include the latest three years of balance sheets for your first competitor based on SEC (10-K) filings. (Note: Some 10-Ks only provided 2 years of balance sheet data. You may need to download the second most recent 10-K for your company in order to obtain 3 years of balance sheet data.)

Ensure that the worksheet includes a header with:

Company Name

Financial Statement Name

Financial Statement Dates

Denomination level ($s in millions or thousands, etc.)

The 7^th and 10^th tabs in your Financial Statement Analysis Template must be labeled (Competitor Company Name) Cash Flows. (Replace Competitor Company Name with the name of the competitor.)

Include the latest three years based on SEC (10-K) filings.

Make sure that the Income Statement, Balance Sheet, and Cash Flows Statement tie in as follows:

Net Income from Income statement agrees with Net Income on the Statement of Cash Flows

Ending Cash Balance from Statement of Cash Flows agrees with Cash in the Balance Sheet

The 11^th tab in your Financial Statement Analysis Template must be labeled Historical and Competitor RatiosThe list of ratios to be included are as follows. They should be grouped under the headings, as shown:Liquidity Ratios

Current Ratio

Quick Ratio

Leverage Ratios

Debt to Total Assets Ratio

Debt Equity Ratio

Long-Term Debt to Equity

Times Interest Earned Ratio

Activity Ratios

Inventory Turnover

Fixed Assets Turnover

Total Assets Turnover

Accounts Receivable Turnover

Average Collection Period

Profitability Ratios

Gross Profit Margin

Operating Profit Margin

Net Profit Margin

Return on Total Assets (ROA)

Return on Stockholders Equity (ROE)

Earnings Per Share (EPS)

Price Earnings Ratio

Calculate the ratios for your chosen company for the last three years, linking the ratio calculations back to the historical financial statement tabs (Tabs 2-4) using formulas.

Calculate the ratios for each of your companys competitors (most recent year only), linking the ratio calculations to the competitor financial statements shown in Tabs 5-10 using formulas.

Using the internet, locate the industry averages for the ratios listed above, and include them in the final column of the ratio tab. Include a footnote on the tab to identify the source of the industry averages.

Other instructions:The Excel workbook should be professionally formatted. Professional formatting includes:

All numbers are formatted similarly. The use of decimals, commas for thousands, and other formatting is consistent.

Dollar signs are included in the first and last numbers of each column.

Subtotals and totals are preceded by a single underline. Totals are followed by a double underline.

Line descriptions are indented/bolded in a manner that makes the spreadsheet easy to read.

All totals and subtotals in the competitor financial statements as well as the ratio calculations should be calculated using formulas.

Excel Project: Projecting Financial Statements Assignment Instructions

Overview

Common Sized Balance Sheets (Tabs 12), Common Sized Income Statements (Tab 13), Horizontal Analysis Balance Sheets (Tab 14), Horizontal Analysis Income Statements (Tab 15), and Projected Financial Statements (Tabs 16-18)

Instructions

Continue in the same Excel workbook prepared in Module 4: Week 4, adding the following tabs:

The 12^th tab in your Financial Statement Analysis Template must be labeled Common Sized Balance Sheets.

Set-up like the Historical Balance Sheets (Tab 3), this worksheet should use formulas to calculate the common sized percentages, linking to the Historical Balance Sheets for the calculations. Total Assets should be used as the base for all common sized calculations on the Balance Sheets. Common sized percentages should be calculated for all three historical years presented.

See Exhibit A for a partial example of this tab.

The 13^th tab in your Financial Statement Analysis Template must be labeled Common Sized Income Statements.

Set-up like the Historical Income Statements (Tab 2), this worksheet should use formulas to calculate the common sized percentages, linking to the Historical Income Statements for the calculations. Revenue or Total Revenue (depending on your company) should be used as the base for all common sized calculations on the Income Statements. Common sized percentages should be calculated for all three historical years presented.

The 14^th tab in your Financial Statement Analysis Template must be labeled Horizontal Analysis of Balance Sheets.

Start by copying and pasting the Historical Balance Sheets from Tab 3 to this worksheet. Then, add dollar and percentage change columns between each of the set of historical years.

See Exhibit B for an example of this tab.

The 15^th tab in your Financial Statement Analysis Template must be labeled Horizontal Analysis of Income Statements.

Start by copying and pasting the Historical Income Statements from Tab 2 to this worksheet. Then, add dollar and percentage change columns between each of the set of historical years.

The 16^th tab in your Financial Statement Analysis Template must be labeled Projected Income Statements. Three years of projected statements should be included, starting with the most recent year after the companys last issued report.

The 17^th tab in your Financial Statement Analysis Template must be labeled Projected Balance Sheets. Three years of projected statements should be included. Three years of projected statements should be included, starting with the most recent year after the companys last issued report.

The 18^th tab in your Financial Statement Analysis Template must be labeled Projected Statement of Cash Flows. Three years of projected statements should be included, starting with the most recent year after the companys last issued report. Other information relating to projected tabs:

Projections should be based on research performed on your company and its industry. Use historical, trend, ratio data and current and future economic projections as well as information from the companys MD&A to aid in preparing projections.

Clearly state your assumptions in a text box at the bottom of each tab. Cite sources for assumptions based on research.

The statements should be consistent, reasonable, and accurate. Areas that will be checked for accuracy include:

The Balance Sheets should balance for all years presented.

Retained earnings should be properly calculated using the prior years balance, net income, and dividends.

The Ending Cash Balance on the Statement of Cash Flows should agree to the Cash Balance shown on the Balance Sheet for the same year.

Net Income on the Income Statements should match what is reported on the top of the Statement of Cash Flows (if indirect method is used).

Other instructions:The Excel workbook should be professionally formatted. Professional formatting includes:

All numbers are formatted similarly. The use of decimals, commas for thousands, and other formatting is consistent.

Dollar signs are included in the first and last numbers of each column.

Subtotals and totals are preceded by a single underline. Totals are followed by a double underline.

Line descriptions are indented/bolded in a manner that makes the spreadsheet easy to read.

All common sized, horizontal analysis, and projection items should be calculated using formulas. Totals and subtotals should also be calculated using formulas

Find the projected revenues for the company deckers