Para for each concerning the 3M Company.

INCOME

STATEMENT

Gross profit margin (2 years)

Net profit margin (2 years)

One additional profitability ratio

Comments on the above

BALANCE SHEET

Current ratio (2 years)

Working capital (2 years) (not stated in the syllabus)

Inventory turnover (2 years)

Comments on the above

CONCLUSION

Based on the information above, comment on the financial position of the company

EXAMPLE:

Balance Sheet

The consolidated balance sheets, found on page 64 of the 2018 SEC 10-K Report, show that total current assets increased from $15,889 in millions in 2017 to $16,825 in millions in 2018.Also, the current liabilities decreased from $19,595 in millions in 2017 to $17,860 in millions in 2018 (The Walt Disney Company, 2018). Further, 2018 working capital, derived by subtracting current liabilities from current assets, equals -$1,035 in millions. In comparison, 2017 working capital (total current assets totaling $15,889 in millions - total current liabilities totaling $19,595) was -$3,706 in millions. Accordingly, although in both 2017 and 2018, Walt Disney Company has carried negative working capital, 2018 shows improvement in this figure (as the negative working capital has decreased by $2,671in millions).