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please open my word document and finish it. http://phx.corporate-ir.net/External.File?item=UGFyZW50SUQ9NjA1NzM5fENoaWxkSUQ9MzE3NzEwfFR5cGU9MQ==&t=1 use this website and the annual report 2015 Costco ACCOUNTING 202 DUE DATE: Sunday, May 1
please open my word document and finish it.
http://phx.corporate-ir.net/External.File?item=UGFyZW50SUQ9NjA1NzM5fENoaWxkSUQ9MzE3NzEwfFR5cGU9MQ==&t=1 use this website and the annual report 2015 Costco
ACCOUNTING 202 DUE DATE: Sunday, May 1 (11:59 P.M.) ANNUAL REPORT PROJECT STUDENT NAME: General project instructions: Please read this document carefully, if you submit the assignment incorrectly and are asked to resubmit it for any reason, it will be considered as at least one day late. Complete this document using the annual report that you downloaded for Part 1. Do not create a new or separate document; just complete the one I provide. Almost all the information for this project should come from your company's annual report. Throughout all the parts of the project, information is requested from specific pages in the annual report. You will need to take a readable screenshot or picture of the page(s) requested and insert it in this document where requested. If you need help taking a screenshot please watch this video: https://youtu.be/EoTpIYLBtKs If you need help cropping, or sizing, a screenshot please watch this video: https://youtu.be/BkeBauCpuUg When a question asks you to explain, describe, analyze, etc., use complete sentences and wellorganized paragraphs. Part 2 (20 pts.) (Use the same company from Part 1.) Name of company chosen: _________________________________ (You will use the same company for all parts of the project) Year of the annual report: ______________ CHAPTER 8: LONG-TERM ASSETS A. THE BASICS Locate the company's balance sheet in your annual report that you identified in Part 1. Balance sheet date: __________________ Page on which balance sheet appears: _________ (Insert screen shot of the balance sheet here.) 1. The accounting equation is Assets = Liabilities + Stockholders' Equity. Replacing the words in the accounting equation with dollar amounts; give the company's accounting equation at the end of the current and prior years of the annual report. Assets = Liabilities + Equity Annual Report: Current year: _______________ = ______________ _______________ Annual Report: Last year: _______________ = ______________ _______________ 2. List the categories, or sections, of the Asset area on the balance sheet: 3. Property, plant and equipment Refer to the notes of the financial statements in the annual report that you identified in Part 1. The note, \"Summary of Significant Accounting Policies,\" should provide information about the company's depreciation and amortization methods. You will also need to refer to the other notes to the financial statements and to the financial statements themselves in order to answer the questions in all parts of this project. IMPORTANT: Indicate the page number in which the information was found and insert a screen shot below the question. a. What depreciation method does the company use? Page No._____ ____________________________________________ (Insert screen shot here to support your answer.) b. What is the amount of depreciation expense for the current year? Page No._____ (Hint: Look at the operating activities section of the cash flow statement if the indirect method was used.) Annual Report: Current year $ __________________ (Insert screen shot here to support your answer.) Last year $ ___________________ 4. Intangible assets a. Does the company have any intangible assets? If so, list them here. Page No. _____ (Insert screen shot here to support your answer.) b. Does the company report any goodwill? ______ Page No._____ What is the amount? __________________ (Insert screen shot here to support your answer.) B. FURTHER ANALYSIS Compare the current year ratios. 1. Using the formula given in the textbook, calculate the following for the past two years: Show your computations. You will find prior years' amounts in the Five-Year Summary of Selected Financial Data that you found in Part 1. Annual Report Current Year Last Year a. Total Asset turnover: ___________ __________ b. Explain what information this ratio provides. Why do we use it? c. How do the results for your company compare by year? Explain and give possible reasons for what you've found. (at least one paragraph) C. INFORMATION FOR DECISION MAKING 1. Answer the following questions using the company's balance sheet in the annual report: a. In which plant asset does the company have the largest dollar amount invested? b. In total dollar amounts, are the company's assets primarily short-term (current) or long-term? How to submit this assignment: Complete and submit this document in Canvas on or before the due date. Do not create a new documentStep by Step Solution
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