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ACC 700 Milestone One Guidelines and Rubric The first milestone is a rough draft of the first artifact for your professional portfolio, financial statements and analysis. You will complete a set of financials as described in the appendix section of the prompt below for a fictitious company called Chester Inc. You will then submit a report of your findings and recommendations. This will be graded using the rubric at the end of this document and is an opportunity for you to organize your thoughts and receive feedback from your instructor for the final submission. You should note that the submission guidelines for this milestone are less demanding than those for the final submission. Once you have submitted this milestone and received feedback from your instructor, it is up to you to incorporate this feedback and complete the artifact by meeting the submission guidelines found in the Final Project Guidelines and Rubric document. Client One - Chester, Inc. (Financial Statements and Analysis) Chester, Inc. is a large, publicly traded client at S.N.H.U., LLC. Your task is to develop a comprehensive, professional report for the board of directors. To do this, you will use Chester, Inc.'s trial balance to compose comparative financial statements, analyze data, and interpret results. These financial statements must be in good form in accordance with Generally Accepted Accounting Principles (GAAP). Next, you will assess the performance of Chester, Inc. using the financial statements that you created, along with industry performance data and the financial statements of a competitor. In addition, Chester, Inc. is considering expanding into the global market. They would like you to highlight key areas of the financial statements you have prepared and identify how they would be reported differently if composed under International Financial Reporting Standards (IFRS) rather than GAAP. Background and Financial Information Chester, Inc. is a large, publicly traded client operating in athletic wear including clothing, shoes, and accessories. Direct competitors include Columbia Sportswear Company (COLM - NYSE) and Under Armour, Inc. (UA - NYSE). All of these companies operate in the textile-apparel clothing industry. Chester Inc. operates on a calendar year. Reference the Milestone One Chester Inc. Trial Balance spreadsheet for the past three years' financials (2013, 2014, and 2015). Additional information: Land with the land improvements were sold at book value (no gain or loss) in 2014. (Note: To evaluate the sale, use the following accounts: land, building and land improvements, and Other Noncurrent Assets) New equipment purchased with cash for $2,739,067 in 2014 New storage building purchased with cash for $135,000 in 2015 No investments have been sold or purchased in 2014 or 2015 There are currently 8,275,000 shares of common stock outstanding. No additional common stock has been sold or repurchased in any of the aforementioned years. Artifact One: Financial Statements and Analysis The first artifact that you will include in your portfolio is the comprehensive, professional report that you create for the board of directors of Chester, Inc.a large publicly traded client at S.N.H.U., LLC. The report should contain your findings with the financial statements package as an appendix (Excel attachment). Incorporate the feedback that you receive from your instructor during the development of this artifact. Appendix: These sections should be completed first, before you write your report. Use the proper format for each section in accordance with Generally Accepted Accounting Principles (GAAP) and note and explain differences under International Financial Reporting Standards (IFRS) where appropriate: Income statement Balance sheet Statement of retained earnings Statement of cash flows (indirect method) Ratio analysis o Liquidity - minimum of three key ratios with supporting calculations with a minimum of three years of data o Profitability - minimum of three key ratios with supporting calculations with a minimum of three years of data o Solvency - minimum of three key ratios with supporting calculations with a minimum of three years of data Vertical and horizontal analysis o Both vertical and horizontal for the income statement with a minimum of three years of data o Both vertical and horizontal for the balance sheet with a minimum of three years of data Report of Findings and Recommendations: The report is the key section of this artifact and will be written after you complete the analysis in the sections in the appendix above. The report will demonstrate your understanding of financial statements, what they contain, what they mean, and how they are used in strategic decision making. As you know, numbers are useless if we do not know what they mean and how to use them. The financial statements, ratios, and vertical/horizontal analysis should be analyzed and interpreted in order to assess and explain the performance of the organization. In your report, you must: Address all three key ratios in each ratio category. Include what each ratio indicates and how the organization performed against its key competitor and industry averages. Address all key findings in the vertical and horizontal analysis of the income statement and balance sheet. As a general rule, anything over 10% warrants addressing. Guidelines for Submission: All financial calculations should be complete. Your paper must be submitted as a four- to five-page Microsoft Word document with double spacing, 12-point Times New Roman font, one-inch margins, and two to three sources cited in APA format. Round all answers up to the nearest dollar value in any calculations. Note that this milestone is a rough draft and the submission guidelines are different for the final project. The final paper will be 8-10 pages in length with at least five sources. Refer to the guidelines for submission in the Final Project Guidelines and Rubric document. Instructor Feedback: This activity uses an integrated rubric in Blackboard. Students can view instructor feedback in the Grade Center. For more information, review these instructions. Critical Elements Income Statement Balance Sheet Statement of Retained Earnings Statement of Cash Flows Ratio Analysis Vertical and Horizontal Analysis Proficient (100%) Completes the income statement using the proper format for each section in accordance with Generally Accepted Accounting Principles (GAAP) and notes and explains differences under International Financial Reporting Standards (IFRS) where appropriate Completes the balance sheet using the proper format for each section in accordance with Generally Accepted Accounting Principles (GAAP) and notes and explains differences under International Financial Reporting Standards (IFRS) where appropriate Completes the statement of retained earnings using the proper format for each section in accordance with Generally Accepted Accounting Principles (GAAP) and notes and explains differences under International Financial Reporting Standards (IFRS) where appropriate Completes the statement of cash flows using the proper format for each section in accordance with Generally Accepted Accounting Principles (GAAP) and notes and explains differences under International Financial Reporting Standards (IFRS) where appropriate Performs a ratio analysis for liquidity, profitability, and solvency with a minimum of three years of data using the proper format for each section in accordance with Generally Accepted Accounting Principles (GAAP) and notes and explains differences under International Financial Reporting Standards (IFRS) where appropriate Performs a vertical and horizontal analysis of the income statement and balance sheet using the proper format for each section in accordance with Generally Accepted Accounting Principles (GAAP) and notes and explains differences under International Financial Reporting Standards (IFRS) where appropriate Not Proficient (0%) Does not complete the income statement using the proper format for each section in accordance with Generally Accepted Accounting Principles (GAAP); differences under International Financial Reporting Standards (IFRS) are not noted or explained Value 5 Does not complete the balance sheet using the proper format for each section in accordance with Generally Accepted Accounting Principles (GAAP); differences under International Financial Reporting Standards (IFRS) are not noted or explained 10 Does not complete the statement of retained earnings using the proper format for each section in accordance with Generally Accepted Accounting Principles (GAAP); differences under International Financial Reporting Standards (IFRS) are not noted or explained Does not complete the statement of cash flows using the proper format for each section in accordance with Generally Accepted Accounting Principles (GAAP); differences under International Financial Reporting Standards (IFRS) are not noted or explained 10 Does not perform a ratio analysis for liquidity, profitability, and solvency with a minimum of three years of data using the proper format for each section in accordance with Generally Accepted Accounting Principles (GAAP); differences under International Financial Reporting Standards (IFRS) are not noted or explained 10 Does not perform a vertical and horizontal analysis of the income statement and balance sheet using the proper format for each section in accordance with Generally Accepted Accounting Principles (GAAP); differences under International Financial Reporting Standards (IFRS) are not noted or explained 10 10 Key Ratios Vertical and Horizontal Analysis Articulation of Response Addresses all three key ratios in each ratio category; includes what each ratio indicates and how the organization performed against its key competitor and industry averages Addresses all key findings in the vertical and horizontal analysis of the income statement and balance sheet Submission has no major errors related to citations, grammar, spelling, syntax, or organization Does not address all three key ratios in each ratio category or include what each ratio indicates and how the organization performed against its key competitor and industry averages Does not address all key findings in the vertical and horizontal analysis of the income statement and balance sheet Submission has critical errors related to citations, grammar, spelling, syntax, or organization that prevent understanding of ideas Earned Total 20 20 5 100% Chester, Inc. Trial Balances for years ending December 31, 2013, 2014, and 2015 Account Description Cash on Hand Regular Checking Account Savings Account Accounts Receivable Other Receivables Allowance for Doubtful Accounts Inventory Reserve for Inventory Obsolescence Prepaid Insurance Prepaid Rent Office Supplies Land Buildings and Land Improvements Machinery, Equipment, Office Furniture Accum. Depreciation Investments Other Noncurrent Assets Taxes Receivable/payable Accounts Payable Wages Payable FICA Employee Withholding Medicare Withholding Federal Payroll Taxes Payable State Payroll Taxes Payable FICA Employer Withholding Medicare Employer Withholding Line of Credit Current Portion Long-Term Debt Interest payable Bonuses payable Dividend payable Common Stock Paid-in Capital Retained Earnings Dividends Sales Sales Returns Warranty Expense Income from Investments Interest Income Cost of Goods Sold Freight Advertising Expense Auto Expenses Research and Development Depreciation Expense Warehouse Salaries Property Tax Expense Legal and Professional Expense Bad Debt Expense Insurance Expense Maintenance Expense Utilities Phone Postal Miscellaneous Office Expense Payroll Tax Exp Pension/Profit-Sharing Plan Ex Rent or Lease Expense Administrative Wages Expense Bonus expense Interest Expense Income Tax Expense - Federal Income Tax Expense - State Loss on Legal Settlement 2013 $ 2,484 $ 247,646 3,806,198 20,513,628 (1,578,525) 23,531,507 (3,765,000) 929,143 250,000 9,259 146,250 779,882 541,521 (205,000) 715,864 67,301 (5,791,398) (36,838) (1,648) (730) (7,541) (3,519) (1,648) (730) (12,500,000) (6,000,000) (10,131,250) (9,278,750) (2,773,901) 6,000,000 (307,716,148) 5,621,979 1,375,352 (255,379) 176,961,527 5,378,689 1,121,425 261,218 39,015,418 166,250 5,791,730 100,619 4,506,417 2,028,032 1,067,428 76,420 169,554 95,467 160,042 21,279 1,938,736 3,750,000 3,254,357 21,094,132 1,093,750 2,956,250 536,250 23,965,000 2014 2,548 $ 253,960 4,083,071 57,697,091 1,400,000 (1,387,691) 75,851,471 (12,136,103) 2,830,474 9,565 131,040 698,775 3,280,589 (764,692) 2,238,634 (3,205,440) (22,488,866) (264,513) (9,452) (12,785) (132,256) (61,720) (9,452) (12,785) (49,731,360) (13,440,000) (470,311) (504,000) (15,250,000) (10,131,250) (9,278,750) (2,238,105) 15,250,000 (271,839,067) 12,432,247 1,297,104 (1,227,199) (147,707) 161,029,981 4,749,095 1,161,276 235,763 592,335 581,012 5,348,208 111,252 10,435,113 5,875,403 1,045,085 96,220 170,855 58,911 87,140 27,879 1,767,149 3,696,000 1,351,363 18,344,399 504,000 3,373,056 14,142,240 2,503,200 - 2015 2,599 243,802 4,205,563 49,042,528 1,200,000 (2,942,552) 65,990,780 (10,558,525) 2,667,722 9,182 131,040 833,775 3,280,589 (1,381,847) 2,070,736 (6,011,540) (13,850,648) (198,384) (7,089) (9,589) (99,192) (46,290) (7,089) (9,589) (44,177,211) (12,084,720) (568,429) (459,000) (15,000,000) (10,131,250) (9,278,750) (9,185,791) 15,000,000 (288,876,206) 23,110,096 1,444,381 (1,138,905) (142,168) 179,103,248 4,325,068 1,057,591 214,713 3,080,313 617,155 4,870,689 101,319 9,503,406 13,963,800 951,774 87,629 155,600 53,651 79,360 25,390 1,609,368 3,366,000 2,230,705 19,706,506 459,000 2,842,147 7,269,540 1,258,000 - I would like when answered please email to me directly @ timaville@yahoo.com Due to a program check that's used by the school for authenticity Thank you ACC 700 Milestone One Guidelines and Rubric The first milestone is a rough draft of the first artifact for your professional portfolio, financial statements and analysis. You will complete a set of financials as described in the appendix section of the prompt below for a fictitious company called Chester Inc. You will then submit a report of your findings and recommendations. This will be graded using the rubric at the end of this document and is an opportunity for you to organize your thoughts and receive feedback from your instructor for the final submission. You should note that the submission guidelines for this milestone are less demanding than those for the final submission. Once you have submitted this milestone and received feedback from your instructor, it is up to you to incorporate this feedback and complete the artifact by meeting the submission guidelines found in the Final Project Guidelines and Rubric document. Client One - Chester, Inc. (Financial Statements and Analysis) Chester, Inc. is a large, publicly traded client at S.N.H.U., LLC. Your task is to develop a comprehensive, professional report for the board of directors. To do this, you will use Chester, Inc.'s trial balance to compose comparative financial statements, analyze data, and interpret results. These financial statements must be in good form in accordance with Generally Accepted Accounting Principles (GAAP). Next, you will assess the performance of Chester, Inc. using the financial statements that you created, along with industry performance data and the financial statements of a competitor. In addition, Chester, Inc. is considering expanding into the global market. They would like you to highlight key areas of the financial statements you have prepared and identify how they would be reported differently if composed under International Financial Reporting Standards (IFRS) rather than GAAP. Background and Financial Information Chester, Inc. is a large, publicly traded client operating in athletic wear including clothing, shoes, and accessories. Direct competitors include Columbia Sportswear Company (COLM - NYSE) and Under Armour, Inc. (UA - NYSE). All of these companies operate in the textile-apparel clothing industry. Chester Inc. operates on a calendar year. Reference the Milestone One Chester Inc. Trial Balance spreadsheet for the past three years' financials (2013, 2014, and 2015). Additional information: Land with the land improvements were sold at book value (no gain or loss) in 2014. (Note: To evaluate the sale, use the following accounts: land, building and land improvements, and Other Noncurrent Assets) New equipment purchased with cash for $2,739,067 in 2014 New storage building purchased with cash for $135,000 in 2015 No investments have been sold or purchased in 2014 or 2015 There are currently 8,275,000 shares of common stock outstanding. No additional common stock has been sold or repurchased in any of the aforementioned years. Artifact One: Financial Statements and Analysis The first artifact that you will include in your portfolio is the comprehensive, professional report that you create for the board of directors of Chester, Inc.a large publicly traded client at S.N.H.U., LLC. The report should contain your findings with the financial statements package as an appendix (Excel attachment). Incorporate the feedback that you receive from your instructor during the development of this artifact. Appendix: These sections should be completed first, before you write your report. Use the proper format for each section in accordance with Generally Accepted Accounting Principles (GAAP) and note and explain differences under International Financial Reporting Standards (IFRS) where appropriate: Income statement Balance sheet Statement of retained earnings Statement of cash flows (indirect method) Ratio analysis o Liquidity - minimum of three key ratios with supporting calculations with a minimum of three years of data o Profitability - minimum of three key ratios with supporting calculations with a minimum of three years of data o Solvency - minimum of three key ratios with supporting calculations with a minimum of three years of data Vertical and horizontal analysis o Both vertical and horizontal for the income statement with a minimum of three years of data o Both vertical and horizontal for the balance sheet with a minimum of three years of data Report of Findings and Recommendations: The report is the key section of this artifact and will be written after you complete the analysis in the sections in the appendix above. The report will demonstrate your understanding of financial statements, what they contain, what they mean, and how they are used in strategic decision making. As you know, numbers are useless if we do not know what they mean and how to use them. The financial statements, ratios, and vertical/horizontal analysis should be analyzed and interpreted in order to assess and explain the performance of the organization. In your report, you must: Address all three key ratios in each ratio category. Include what each ratio indicates and how the organization performed against its key competitor and industry averages. Address all key findings in the vertical and horizontal analysis of the income statement and balance sheet. As a general rule, anything over 10% warrants addressing. Guidelines for Submission: All financial calculations should be complete. Your paper must be submitted as a four- to five-page Microsoft Word document with double spacing, 12-point Times New Roman font, one-inch margins, and two to three sources cited in APA format. Round all answers up to the nearest dollar value in any calculations. Note that this milestone is a rough draft and the submission guidelines are different for the final project. The final paper will be 8-10 pages in length with at least five sources. Refer to the guidelines for submission in the Final Project Guidelines and Rubric document. Instructor Feedback: This activity uses an integrated rubric in Blackboard. Students can view instructor feedback in the Grade Center. For more information, review these instructions. Critical Elements Income Statement Balance Sheet Statement of Retained Earnings Statement of Cash Flows Ratio Analysis Vertical and Horizontal Analysis Proficient (100%) Completes the income statement using the proper format for each section in accordance with Generally Accepted Accounting Principles (GAAP) and notes and explains differences under International Financial Reporting Standards (IFRS) where appropriate Completes the balance sheet using the proper format for each section in accordance with Generally Accepted Accounting Principles (GAAP) and notes and explains differences under International Financial Reporting Standards (IFRS) where appropriate Completes the statement of retained earnings using the proper format for each section in accordance with Generally Accepted Accounting Principles (GAAP) and notes and explains differences under International Financial Reporting Standards (IFRS) where appropriate Completes the statement of cash flows using the proper format for each section in accordance with Generally Accepted Accounting Principles (GAAP) and notes and explains differences under International Financial Reporting Standards (IFRS) where appropriate Performs a ratio analysis for liquidity, profitability, and solvency with a minimum of three years of data using the proper format for each section in accordance with Generally Accepted Accounting Principles (GAAP) and notes and explains differences under International Financial Reporting Standards (IFRS) where appropriate Performs a vertical and horizontal analysis of the income statement and balance sheet using the proper format for each section in accordance with Generally Accepted Accounting Principles (GAAP) and notes and explains differences under International Financial Reporting Standards (IFRS) where appropriate Not Proficient (0%) Does not complete the income statement using the proper format for each section in accordance with Generally Accepted Accounting Principles (GAAP); differences under International Financial Reporting Standards (IFRS) are not noted or explained Value 5 Does not complete the balance sheet using the proper format for each section in accordance with Generally Accepted Accounting Principles (GAAP); differences under International Financial Reporting Standards (IFRS) are not noted or explained 10 Does not complete the statement of retained earnings using the proper format for each section in accordance with Generally Accepted Accounting Principles (GAAP); differences under International Financial Reporting Standards (IFRS) are not noted or explained Does not complete the statement of cash flows using the proper format for each section in accordance with Generally Accepted Accounting Principles (GAAP); differences under International Financial Reporting Standards (IFRS) are not noted or explained 10 Does not perform a ratio analysis for liquidity, profitability, and solvency with a minimum of three years of data using the proper format for each section in accordance with Generally Accepted Accounting Principles (GAAP); differences under International Financial Reporting Standards (IFRS) are not noted or explained 10 Does not perform a vertical and horizontal analysis of the income statement and balance sheet using the proper format for each section in accordance with Generally Accepted Accounting Principles (GAAP); differences under International Financial Reporting Standards (IFRS) are not noted or explained 10 10 Key Ratios Vertical and Horizontal Analysis Articulation of Response Addresses all three key ratios in each ratio category; includes what each ratio indicates and how the organization performed against its key competitor and industry averages Addresses all key findings in the vertical and horizontal analysis of the income statement and balance sheet Submission has no major errors related to citations, grammar, spelling, syntax, or organization Does not address all three key ratios in each ratio category or include what each ratio indicates and how the organization performed against its key competitor and industry averages Does not address all key findings in the vertical and horizontal analysis of the income statement and balance sheet Submission has critical errors related to citations, grammar, spelling, syntax, or organization that prevent understanding of ideas Earned Total 20 20 5 100% Chester Inc., Analysis of financial statements for the year 2013, 2014 and 2015 Ratio Analysis: 1. Liquidity Ratios: a. Current Ratio: The current ratio of company has decreased continuously. It was 2.41 in 2013 which reduced to 1.72 in 2014 and slightly increased to 1.74 in 2015. The usual standard of current ratio is 2. Current ratio of company is below usual standard indicating liquidity position of company is reducing and is not strong but can be considered satisfactory. b. Quick Ratio: Like current ratio quick ratio of company has also decreased continuously. It was 1.29 in 2013 which reduced to 0.85 in 2014 and further reduced to 0.80 in 2015. The usual standard of quick ratio is 1 and that of company has come below usual standard indicating liquidity of company has decreased continuously. Short term financial position or liquidity position of company is decreasing continuously and if same trend continue and steps not taken to improve it soon company will not be able to pay its short term financial obligations. 2. Solvency position: a. Total debts to assets: Total debts to assets ratio of company has increased continuously. It was 0.53 in 2013, increased to 0.79 in 2014 and further increased to 0.81 in 2015. It indicates that total liabilities of company are increasing as compared to total assets. b. Total debts to equity: Total debts to equity ratio of company have increased continuously. It was 1.12 in 2013, increased to 3.69 in 2014 and further increased to 4.16 in 2015. It indicates that total liabilities of company are increasing as compared to total equity of stockholders. c. Long term debts to total assets: Long term debts to total assets ratio of company have increased continuously. It was 0.13 in 2013, increased to 0.22 in 2014 and further increased to 0.24 in 2015. It indicates that long term debts of company are increasing as compared to total assets. The above analysis indicates that long term debts of company are increasing and ratio of stockholders equity to total assets is decreasing. Solvency position of company is not good. In long term company will face financial problems. 3. Profitability Ratios: a. Net profit margin: Net profit margin of company has increased. It was 1.78% in 2013 which increased to 8.17% in 2014 and then decreased to 3.00% in 2015. Beside of fact that it has increased but it is on lower side. b. Gross Profit Margin: Gross profit margin of company has shown continuous decreasing trend. It was 38.92% in 2013, 34.44% in 2014 and reduced to 28.50% in 2015. It indicates that profit earning capacity of company is decreasing. Company is unable to manage sale and control increasing cost of goods sold. c. Return On Investment (ROI): ROI of company increased to 16.54% in 2014 which was 11.88% in 2013 but it decreased to 7.55% in 2015. Profitability analysis reflects that gross margin ratio, net margin ratio and ROI of company is decreasing. Profit earning capacity of company is decreasing continuously. Management is unable to control costs. Horizontal Analysis: Balance Sheet Analysis: Allowance for doubtful accounts has shown 112.04% increase in 2015 which is very high. Company is unable to collect its accounts receivable in time and is making provision for heavy bad debts. On the other hand accounts receivables have shown 15% decrease as compared to year 2014. It indicates that despite of decrease in accounts receivables, allowance has increased. During 2015 taxes payable has shown increase of 87.54% Retained earnings and stock holders equity has decreased. Financial position of company is alarming. Income Statement Analysis: Research and development expenses have shown increase of 420.03% in 2015 indicating that company has made heavy expenditure on research and development which can be beneficial for future of company. Bad debts expenses of company have increased by 137.67% in 2015 indicating company has suffered heavy bad debts. Vertical Analysis: Balance Sheet: Accounts receivables and inventories forms more than 90% of total assets of company and that is reason why financial position of company is weak. Money blocked in accounts receivable is not managed properly and company is suffering heavy bad debts and also heavy amount is blocked in inventories. On the other hand accounts payable are only about 12% of total liabilities and stock holder's equity. Working capital management of company is very poor. Income Statement: Cost of goods sold percentage is increasing continuously indicating that management has failed to control costs. Administrative and wages expenses also increasing indicating that management has also failed in controlling administrative costs. The analysis indicates poor management of company. Points of difference between IFRs and US GAAP General Presentation: 1. When any firm restates financial statements IFRS requires preparation and presentation of third balance sheet. 2. Instead of GAAP, IFRS requires one year comparative presentation of financial statements. 3. IFRS requires minimum number of items on face of income statement which is not under GAAP. 4. In present case loss on legal settlement is classified as extra ordinary items under GAAP which is not required under IFRS. 5. IFRS only requires basic and diluted EPS from continuing operations while GAAP requires from discontinued operations as well. 6. IFRS prohibits disclosure of deferred tax as current assets which are required under GAAP. Competitive Analysis Direct Competitor Comparison Chester UA COLM Industry Revenue : 0.266B 3.42B 2.21B 899.07M Gross Margin: 29.59% 49.00% 46.00% 40.00% EBITDA: 19.3766M 442.08M 277.56M 53.16M Operating Margin: 7.06% 10.00% 10.00% 4.00% Net Income : 8.671M 203.31M 141.17M N/A EPS : 1.05 0.93 1.98 0.19 Interpretation of Analysis From the competitive and industry analysis, we can clearly see that Chester Inc is lagging behind its competitors and also in the industry.It has low earnings and high liquidity issues. Thus it needs to consider revising its working capital management policy to improve its short term liquidity position and report better earnings. Conclusion Thus it can be said that Chester Inc.'s current financial position is really concern some when considered on standalone basis after ratio analysis, horizontal and vertical analysis. The results are deteriorating with each year and the results reported for the year 2015 were really depressing. The company needs to revise its short term and long term solvency policies as well as asset management policy. Even when considered from industry view point, the firm is lagging behind and is therefore required to pull up its shocks to match industry standards. References: 7. http://www.iasplus.com/en-us/standards/ifrs-usgaap/cashflows 8. https://finance.yahoo.com/q/co?s=UA+Competitors 9. http://www.hoovers.com/company-information/cs/revenuefinancial.CHESTER_INC.903be6b789aee4f0.html