Financial Statement Analysis ACG 2071 Extra Credit Project 1. obtain a copy of the 2009 annual report for a publidy held firm. Try to obtain an annual report for a retail or manufacturing firm. Do not use banks or other financial institutions. Be sure that the financial statement contains the following items: cast of goods sold, inventory, common stock, and interest expense. 2 In no more than two typed pages, address the folowing questions related to your selected company a. What is the company's principal lime af business and major competitors? b. On what day does the company's fiscal year end? c. What method of deprediation is used by the company to depreciate its operational assets? What inventory method is used to state the value of the company's inventory? What is the largest source of cash from financial activities? What is the largest use af cash from investing activities? Describe one footnote that presents additional information about a reported financial statement number (provide the footnote number or letter). Describe one footnote that presents additional information not listed in the financial statement (provide the footnote number or letter). What is the average percentage markup on sales or the gross profit margin? d. e. f. h. . What is the current price of the company's stock? Compute the percentage change in the following items from the preceding year to the current year: (one typed page: use a table format with three columns: Last year, current year, % Change 3. a. Earnings per share b. Gross margin percentage c Sales revenue d. Net income e. Cash f. Inventory Total labilities h. Total stockholder's equity Calculate the 8 ratios for the current year S. Investment decision: Provide a statement of your dedision to invest or not invest in this company's stock based on the research you have done and your interpretation of the company's long-term prospects. 6 Provide a copy of the following: a. Management's statement of responsibility for the financial statements b. Auditor's report Created by C Chung Financial Statement Analysis c. Financial statements: balance sheet, income statement, statement of stockholders equity, and statement of cash flows d. D foatnotes to the financial statements