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Identify which of the following items are not included as part of general-purpose financial statements but are part of financial reporting. a. Income statement b.

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Identify which of the following items are not included as part of general-purpose financial statements but are part of financial reporting. a. Income statement b. Balance sheet c. Shareholders' meetings d. Financial statement notes e. Company news releases f. Statement of cash flows g. Stock price information and analysis h. Statement of shareholders' equity i. Management discussion and analysis of financial performance QS 17-2 Standard of comparison c2 Identify which standard of comparison, (a) intracompany. (b) competitor, (c) industry, or (d) guidelines, best describes each of the following examples. 1. Compare Ford's return on assets to GM's return on assets. 2. Compare a company's acid-test ratio to the 1:1 rule of thumb. 3. Compare Netflix's current-year sales to its prior-year sales. 4. Compare McDonald's profit margin to the fast-food industry profit margin. QS 17-3 Horizontal analysis 1 Compute the annual dollar changes and percent changes for each of the following accounts. Current Y Prior Yr Short-term investments Accounts receivable Notes payable $374,634 $234.000 97.364 101.000 88,000

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