Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Hello- Please solve the financial cade in the attached PDF file. Thanks Financial Statement Analysis ACG 2071 Extra Credit Project 1. 2. 3. 4. 5.

Hello- Please solve the financial cade in the attached PDF file. Thanksimage text in transcribed

Financial Statement Analysis ACG 2071 Extra Credit Project 1. 2. 3. 4. 5. 6. Obtain a copy of the 2009 annual report for a publicly 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: cost of goods sold, inventory, common stock, and interest expense. In no more than two typed pages, address the following questions related to your selected company: a. What is the company's principal lime of business and major competitors? b. On what day does the company's fiscal year end? c. What method of depreciation is used by the company to depreciate its operational assets? d. What inventory method is used to state the value of the company's inventory? e. What is the largest source of cash from financial activities? f. What is the largest use of cash from investing activities? g. Describe one footnote that presents additional information about a reported financial statement number (provide the footnote number or letter). h. Describe one footnote that presents additional information not listed in the financial statement (provide the footnote number or letter). i. What is the average percentage markup on sales or the gross profit margin? j. 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 (=/-) a. Earnings per share b. Gross margin percentage c. Sales revenue d. Net income e. Cash f. Inventory g. Total liabilities h. Total stockholder's equity Calculate the 8 ratios for the current year. Investment decision: Provide a statement of your decision 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. 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 stockholder's equity, and statement of cash flows d. D footnotes to the financial statements Created by C Chung

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Mylab Accounting With Pearson -- Access Card -- For Managerial Accounting

Authors: Karen W. Braun, Wendy M. Tietz

5th Edition

0134161645, 9780134161648

More Books

Students also viewed these Accounting questions

Question

6. What actions might make employers lose elections?

Answered: 1 week ago