Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

help please For this assignment (see Chapter 5, page 295: TIF 5-3 Real-world annual report), you should select a public company that interests you. Obtain

help please image text in transcribed
For this assignment (see Chapter 5, page 295: TIF 5-3 Real-world annual report), you should select a public company that interests you. Obtain the company's most recent annual report on Form 10- K. The Form 10- K is a company's annually required filing with the Securities and Exchange Commission (SEC). It includes the company's financial statements and accompanying notes. The Form 10- K can be obtained either (a) from the investor relations section of the company's website or (b) by using the company search feature of the SEC's website (Start here B). 1. Based on the information in the company's most recent annual report, determine each of the following: a. Gross profit for each year reported. b. Gross profit rate (Gross profit / Sales) for each year reported. Round to one decimal place. c. Operating income for each year reported. d. Percentage change in operating income for the most recent year. Round to one decimal place. e. Net income for each year reported. f. Percentage change in net income for the most recent year. Round to one decimal place. 2. Based solely on your responses to Item 1, has the company's performance improved, remained constant, or deteriorated over the periods presented? Briefly explain your answer. All of your answers should be presented in a Word document (can include tables or graphis) and submitted in the submit box for this assignment. Please remember to check your spelling and grammar

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

Evaluating The Effectiveness On Internal Audit Departments

Authors: Dereje Ferede Asrat, Sewale Abate Ayalew

1st Edition

3659298387, 978-3659298387

More Books

Students also viewed these Accounting questions

Question

outline some of the current issues facing HR managers

Answered: 1 week ago