Instructions

Select a publicly traded company that interest you and obtain a copy of their most recent Annual Report (10-K). You can find the Annual Report by going to the Investor's Relations section of the company's website or by searching the Sec's Edgar database at

US Security and exchange Commission

You can also find a company's Annual Report (10K), by going to the website of a publicly traded company. Once on the website, look for Investors or Investor Relations (usually at the bottom of the web page). Click on Investor or Investor Relations and then look for either SEC Reports/Filings or Annual Report (10K) and click on it. This will open up the company's Annual Report. Once in the Annual Report, go to the Table of Contents and look for the financial statements. The financial statements will usually be listed under the Financial Statements and Supplementary Data section.

Based on the information contained in the company's Annual Report (10K), compute the following metrics for the current and prior year:

1. Working capital

2. Current ratio

3. Accounts receivable turnover

4. Days' sales in receivable

5. Inventory Turnover

6. Days' sales inventory

Based on the data you compute, discuss the company's liquidity.

• Explain if the company has the ability to pay short-term obligation
• Identify factors that cause ratio values to differ across years for the company
• What if there was an economic downturn and the company is now having trouble collecting its account receivable How would a downturn most likely impact the company's current ration? Explain.

You must show all your work.

In your submission, you must also provide a pdf copy of the Annual Report (10K) that you used for your analysis and indicate the page number(s) where you found the information that you used for each ratio.

Failure to show your work, or submit a copy of the Annual Report (10K) and an indication of page numbers will result in a zero score for the assignment.

Please note that only submitting a link to the web page where you found the Annual Report (10K) or just attaching a copy of the pages you used from the Annual Report (10K) will not be acceptable and will also result in a zero for the assignment.