Milestone Two: Perform an Analysis of Your Chosen Companys Balance Sheet The first of three papers for this project is due at the end of Module Three. In task 3-3, you will perform a quality balance sheet assessment of the company you chose in Module One. This analysis will include a review of the current assets and liabilities and appropriate liquidity ratios, the capital structure, and the fixed and intangible asset accounting of the company. A thorough review of off-balance-sheet items should be included, such as leases and contingent liabilities. The format should be a Word document, following APA-style guidelines provided below. This paper should be approximately 5 pages of written text, not counting cover page, abstract, or reference page. You are encouraged to include diagrams or exhibits illustrating your work. The first two papers will become part of the final paper due in Module Seven. This milestone will be graded with the Short Paper Rubric. Milestone Three: Analyze Cash Flow and Cash Management of Chosen Company In task 5-3, you will analyze the cash flow and cash management of your chosen company. A review of return on invested capital and profitability should also be made using a variety of appropriate ratios and horizontal and/or vertical analysis. . The format should be a Word document, following APA-style guidelines provided below. This paper should be approximately 5 pages of written text, not counting cover page, abstract, or reference page. This milestone will be graded with the Short Paper Rubric.

Final Submission: Final Paper In task 7-2, you will submit the final research paper including a prospective analysis projecting the next year income statement and using this product to produce a valuation of the company stock going forward, plus the edited papers from Milestones Two and Three. It should be approximately 15 pages, including Milestones Two and Three from Modules Three and Five. The two milestone papers should be edited with corrections/additions made based on grading feedback. They become Parts 1 and 2 of the final paper, and then new content is added as Part 3, as described above. It should be a complete, polished artifact containing all of the main elements of the final product, reflecting the incorporation of feedback gained throughout the course. This submission will be graded with the Final Paper Rubric (below)

Chosen company: Pandora Media. Link needed: http://investor.pandora.com/Cache/1500101079.PDF?O=PDF&T=&Y=&D=&FID=1500101079&iid=4247784

Balance sheet link: http://www.nasdaq.com/symbol/p/financials?query=balance-sheet

The link to the financial statements for Pandora Media is above. Thank you!