Prior to beginning work on this discussion forum, read Chapters 1 and 2 in your course textbook, Using Financial Accounting Information: The Alternative to Debits and Credits.

Select a company of interest that trades on the New York Stock Exchange (NYSE). The annual report can be found on your selected companys website, usually under the heading Investor Relations. Select a company that a fellow student has not already posted. Note that you will use this same company for future discussions in this class.

Retrieve the latest two annual reports, then complete the following:

• Calculate the current ratio and profit margin ratio for the latest two years, and interpret the results. Then, explain what the ratios over the 2 years tell you.
• Locate the Management Discussion and Analysis comments in the latest annual report, and discuss the main points in your own words.
• Locate the Auditors Report in the latest annual report, and discuss the opinion given and who conducted the audit.
• Based on this initial quick review, provide your assessment of your chosen company.