FINANCIAL STATEMENT ANALYSIS PROJECT

Need a Financial Statement Analysis Project comparing Dick's Sporting Goods vs VF Corporation (parent company of The North Face)

I'm not able to post the direct 10-K links of Dick's Sporting Goods and VF Corporation as Chegg doesn't allow 3rd party links.

Please go through the 10-K sec links of Dick's Sporting Goods and VF Corporation and help me prepare a Financial Statement Analysis comparing Dick's Sporting Goods and VF Corporation.

Huge thanks in advance from the bottom of my heart.

MGMT600 - Financial Statement Analysis Group Project Learning Objectives - Read and compare financial statements for Dick's Sporting Goods and VF Corporation. - Calculate and analyze financial ratios for the companies. - Compare, contrast and evaluate the financial analysis to form investment recommendations for each company. - Present analysis and recommendations in written format. Financial Statement Selection - Access each entity's public website and search for its most recently filed 10-K. (Some companies will provide access to their financial data through an "investor relations" link, while others will provide a direct link to their "annual reports.") - You will need to review each entity's Financial Statements and "Notes to the Financial Statements" in order to complete the analysis. Project Requirements 1. Entity information - provide an overview of the business nature and description of the key businesses or operations of each of the entities such as number of stores / facilities, where the entity operates, main products, etc.. Be sure to compare and contrast the operations of the competitors. 2. External auditors - Identify which accounting firm audited each company's financial statements. Indicate whether the audit reports presented unqualified (clean) audit reports or qualified audit reports. If qualified, describe the identified issues which resulted in the qualified opinion. 3. Income statements - Consider the income statements of both companies. How much net income did each company recognize for the most recent year? Are there any unusual or nonrecurring items that need to be considered in your analysis? 4. Ratio analysis - For each individual ratio, you are to calculate the ratio for each company from the most recent year's financial statement. The following must be provided for each individual ratio: 1) The complete calculation of the ratio including the mathematical calculation of the ratio, 2) an explanation of the information that the individual ratio results provide for each company, and 3) an analysis of the individual ratios comparing and contrasting the results for the two companies. After analyzing each individual ratio for each measure (liquidity, activity, profitability, financial leverage), compare, contrast and explain which company is in a stronger position for that measure. a. Liquidity measures - Assess the companies' liquidity and solvency. Are the companies likely to meet their debts as they come due? Consider liquidity and solvency in terms of the following: i. Working capital ii. Current ratio iii. Acid-test ratio b. Activity measures - Which firm is more efficient in its use of assets? Consider efficiency in terms of the following: i. Accounts receivable turnover ii. Number of days' sales in accounts receivable iii. Inventory turnover iv. Number of days' sales in inventory c. Profitability measures - Which firm is more profitable? Consider profitability based upon the following ratios: i. Return on investment - DuPont model ii. Return on equity iii. Price/earnings ratio - use the closing market price per share that correlates to the fiscal year-end for each financial statement. If the date falls on a weekend or holiday, use the next business day's closing market price. iv. Dividend yield v. Dividend payout ratio d. Financial leverage measures - Compare and contrast the financing of each company using the following: i. Debt ratio ii. Debt/equity ratio iii. Times interest earned ratio 5. Investment Recommendation: Based upon your analysis, would you invest in either? Be sure to fully explain your rationale. What additional information would you want to review in making your decision? MGMT600 - Financial Statement Analysis Group Project Learning Objectives - Read and compare financial statements for Dick's Sporting Goods and VF Corporation. - Calculate and analyze financial ratios for the companies. - Compare, contrast and evaluate the financial analysis to form investment recommendations for each company. - Present analysis and recommendations in written format. Financial Statement Selection - Access each entity's public website and search for its most recently filed 10-K. (Some companies will provide access to their financial data through an "investor relations" link, while others will provide a direct link to their "annual reports.") - You will need to review each entity's Financial Statements and "Notes to the Financial Statements" in order to complete the analysis. Project Requirements 1. Entity information - provide an overview of the business nature and description of the key businesses or operations of each of the entities such as number of stores / facilities, where the entity operates, main products, etc.. Be sure to compare and contrast the operations of the competitors. 2. External auditors - Identify which accounting firm audited each company's financial statements. Indicate whether the audit reports presented unqualified (clean) audit reports or qualified audit reports. If qualified, describe the identified issues which resulted in the qualified opinion. 3. Income statements - Consider the income statements of both companies. How much net income did each company recognize for the most recent year? Are there any unusual or nonrecurring items that need to be considered in your analysis? 4. Ratio analysis - For each individual ratio, you are to calculate the ratio for each company from the most recent year's financial statement. The following must be provided for each individual ratio: 1) The complete calculation of the ratio including the mathematical calculation of the ratio, 2) an explanation of the information that the individual ratio results provide for each company, and 3) an analysis of the individual ratios comparing and contrasting the results for the two companies. After analyzing each individual ratio for each measure (liquidity, activity, profitability, financial leverage), compare, contrast and explain which company is in a stronger position for that measure. a. Liquidity measures - Assess the companies' liquidity and solvency. Are the companies likely to meet their debts as they come due? Consider liquidity and solvency in terms of the following: i. Working capital ii. Current ratio iii. Acid-test ratio b. Activity measures - Which firm is more efficient in its use of assets? Consider efficiency in terms of the following: i. Accounts receivable turnover ii. Number of days' sales in accounts receivable iii. Inventory turnover iv. Number of days' sales in inventory c. Profitability measures - Which firm is more profitable? Consider profitability based upon the following ratios: i. Return on investment - DuPont model ii. Return on equity iii. Price/earnings ratio - use the closing market price per share that correlates to the fiscal year-end for each financial statement. If the date falls on a weekend or holiday, use the next business day's closing market price. iv. Dividend yield v. Dividend payout ratio d. Financial leverage measures - Compare and contrast the financing of each company using the following: i. Debt ratio ii. Debt/equity ratio iii. Times interest earned ratio 5. Investment Recommendation: Based upon your analysis, would you invest in either? Be sure to fully explain your rationale. What additional information would you want to review in making your decision