MILAVEC COMPANY Income Statements and Statements of Retained Earnings For the Years Ending December 31 2018 2017 $800,000 $900,000 Sales Cost of goods sold Beginning inventory Purchases Goods available for sale Ending Inventory Cost of goods sold Gross margin Operating expenses Income before taxes Income taxes Net Income Plus: Retained earnings, beginning balance Less: Dividends Retained earnings, ending balance 43,000 637,000 680,000 70,000 610,000 290,000 248,000 42,000 17,000 25,000 40,000 483,000 523,000 43,000 480,000 320,000 280,000 40,000 18,000 22,000 137,000 0 130,000 15,000 $ 162,000 $137,000 like the example provided) or detailed. Part B - First Group Action - Select your point of view (Your Group choses one perspective) - Submit to Assignment folder named "Milavec Groups Selection and POV due by December 1". Each group will be working through the Milavec Financial Statements from one of 3 perspectives or point of view (POV) 1) Investors considering investing $100,000, who will purchase Preferred Stock 2) Lenders considering loaning $100,000 for a 5-10 year term 3) Internal Management tasked with increasing profits over 3 years by 5% Once your group is formed and your POV is selected, work together to share your initial individual observations. Then considering your group's POV, develop 3 or 4 observations to share about Milavec Company that will help others understand Milavec and will help your group formulate an opinion about Milavec that will help you draw a conclusion. Part C-25 pts - Develop a recommendation and Submit a summary of your group's analysis and conclusions/recommendation to the D2L Assignment folder you used previously. - due by December 4th Produce a summary of your group's conclusion about Milavec, including the recommendation you make for your chosen point of view. (For example, if you are using the Investor POV you would recommend yes, invest" or "no, do not invest) Provide the analytical tools you used (at least three) that support your conclusion or recommendation. Be sure to include a description of your analysis in addition to the computational work. Each group should produce A visually appealing summary that presents your groups conclusions and provides easy-to- understand analytics to support your conclusion. Supplemental work to provide the supporting calculations/computations and descriptions of your analysis. However, your classmates will vote for the three "best" submissions based on your one-page summary. Criteria for Success: To maximize your points earned, please be sure to complete all parts of the assignment. Good summaries clearly state the recommendation your group is making and the recommendation is then followed by defined or named analytics. Each analysis includes clear computations and a brief description. Both clarity and creativity tend to be valued by the readers (your classmates who are voting.) When used appropriately, charts, graphs, and visual aids improve your one-page summary. Unlike typical assignments, success is evaluated by your fellow classmates. Thin linlr MILAVEC COMPANY Income Statements and Statements of Retained Earnings For the Years Ending December 31 2018 2017 $800,000 $900,000 Sales Cost of goods sold Beginning inventory Purchases Goods available for sale Ending Inventory Cost of goods sold Gross margin Operating expenses Income before taxes Income taxes Net Income Plus: Retained earnings, beginning balance Less: Dividends Retained earnings, ending balance 43,000 637,000 680,000 70,000 610,000 290,000 248,000 42,000 17,000 25,000 40,000 483,000 523,000 43,000 480,000 320,000 280,000 40,000 18,000 22,000 137,000 0 130,000 15,000 $ 162,000 $137,000 like the example provided) or detailed. Part B - First Group Action - Select your point of view (Your Group choses one perspective) - Submit to Assignment folder named "Milavec Groups Selection and POV due by December 1". Each group will be working through the Milavec Financial Statements from one of 3 perspectives or point of view (POV) 1) Investors considering investing $100,000, who will purchase Preferred Stock 2) Lenders considering loaning $100,000 for a 5-10 year term 3) Internal Management tasked with increasing profits over 3 years by 5% Once your group is formed and your POV is selected, work together to share your initial individual observations. Then considering your group's POV, develop 3 or 4 observations to share about Milavec Company that will help others understand Milavec and will help your group formulate an opinion about Milavec that will help you draw a conclusion. Part C-25 pts - Develop a recommendation and Submit a summary of your group's analysis and conclusions/recommendation to the D2L Assignment folder you used previously. - due by December 4th Produce a summary of your group's conclusion about Milavec, including the recommendation you make for your chosen point of view. (For example, if you are using the Investor POV you would recommend yes, invest" or "no, do not invest) Provide the analytical tools you used (at least three) that support your conclusion or recommendation. Be sure to include a description of your analysis in addition to the computational work. Each group should produce A visually appealing summary that presents your groups conclusions and provides easy-to- understand analytics to support your conclusion. Supplemental work to provide the supporting calculations/computations and descriptions of your analysis. However, your classmates will vote for the three "best" submissions based on your one-page summary. Criteria for Success: To maximize your points earned, please be sure to complete all parts of the assignment. Good summaries clearly state the recommendation your group is making and the recommendation is then followed by defined or named analytics. Each analysis includes clear computations and a brief description. Both clarity and creativity tend to be valued by the readers (your classmates who are voting.) When used appropriately, charts, graphs, and visual aids improve your one-page summary. Unlike typical assignments, success is evaluated by your fellow classmates. Thin linlr