Question
Internet Case 20.4 Using the SEC EDGAR Database (MUST POST FIRST) Initial Post As an employee, write an internal memo to your manager addressing the
Internet Case 20.4 Using the SEC EDGAR Database
(MUST POST FIRST) Initial Post As an employee, write an internal memo to your manager addressing the following:
Visit the home page of The Securities & Exchange Commission at the following address: www.sec.gov
Use EDGAR to locate the most recent 10-K by researching an automotive company of your choice on the Internet and examine its consolidated income statement. !!!ANSWER CANNOT BE FOR GENERAL MOTORS!!! WRITE A MEMORANDUM INCLUDING
1. In the most recent year reported, what percentage of the companys total revenue was from financial services?
2. In the most recent year reported, what was the companys gross profit as a percentage of automotive sales?
3. How might the companys sales mix (e.g., trucks, cars, sport utility vehicles, etc.) influence its profitability?
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started