In this assignment, you will read and assess the financial performance of IBM, Inc. over the past
Question:
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In this assignment, you will read and assess the financial performance of IBM, Inc. over the past couple of years. Begin by downloading the 2013 IBM annual report from the IBM website:
http://www.ibm.com/annualreport/2013/bin/assets/2013_ibm_annual.pdf
Read pages 1 ? 28 and then find the financial data (i.e., income statements, balance sheets and statements of cash flows) on pages 78 ? 81.
Using the IBM income statement data on page 78 in the annual report, create a common size income statement (similar to the table on page 27 in Grossman & Livingstone, 2009) by filling in the following format:
(SEE ATTACHMENT)
In section three, evaluate IBM by discussing the numbers in your common size income statement and balance sheet ratios. Look for trends that identify areas of strength, stability or possible concern. Finally, find two scholarly reports that discuss IBM?s financial performance during this period and discuss how those professional reports correlate with what you found in your analysis.
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