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Current Assets Financial Statements Analysis: Using The Boeing Company Annual Report and answer the following questions: What is the name of the outside auditing firm

Current Assets Financial Statements Analysis:

UsingThe Boeing CompanyAnnual Report and answer the following questions:

  1. What is the name of the outside auditing firm forThe Boeing Company?
  2. How long after The Boeing Companysyear-end did the auditor's issue their opinion?
  3. Who bears primary responsibility for maintaining effective internal control over financial reporting? How can you tell?
  4. Does it appearThe Boeing Companyhas adequate internal control procedures? How can you tell?
  5. By how much didThe Boeing Company'scash balance change from the beginning of the year to the end of the year?
  6. What type of instruments doesThe Boeing Companyconsider to be cash equivalent?
  7. Calculate the cash ratio. How does this ratio compare with theAerospace industry?
  8. What is the balance of accounts receivables forThe Boeing Company?
  9. Compute the acid-test ratio. If the current liabilities came due immediately, couldThe Boeing Companypay them?
  10. Calculate the accounts receivable turnover at year end forThe Boeing Company.
  11. Calculate days sales in receivables at year end forThe Boeing Company.
  12. Based on the acid-test ratio, accounts receivable turnover, and days sales in receivables, how doesThe Boeing Companycompare to theAerospace industry?

You may use a service such as Yahoo Finance to help research industry averages. The notes to the financial statements will also be of use in answering the discussion questions. For many of the ratios, you will need2-3 years' worth of financial data.

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