Project 13- Annual Report Project

Project Directions

1. Choose a major retail company different from the one chosen in Project 12 and locate its corporate annual report for the most recent accounting period
   1. Some of the sources you could use would be:
      1. The company website
      2. Securities and Exchange Commission
      3. NASDAQ(click on income statement and you will see all of the financials)
      4. LexisNexis via the college library website.
2. Review the report and financial statements, then compose a 250-500 word summary on your opinion of the overall health of your chosen company. The response must contain the following.In your response, include the answers to the following questions: Make sure that your response includes answers to the following questions.
   1. Name of the chosen company.
   2. Accounting year(s) of the annual reports used.
   3. A summary of the following account balances:
      1. Cash
      2. Receivables
      3. Inventory
      4. Total Current Assets
      5. Net Property and Equipment (also known as fixed assets)
      6. Total Assets
      7. Accounts Payable
      8. Total Current Liabilities
      9. Total Liabilities and Stockholders (Shareholders) Equity
      10. Sales or Net Sales

a. Did the companys net income (earnings) increase or decrease from the previous year? How

much? Show you work! (include all zeroes)

b. Calculate the increase or decrease in cash between the previous year and the current year (include all zeroes & label it as an increase or decrease).

c. List net income (with all zeroes) (same answer from 2l above).

d. When does your assigned company end its fiscal year? (Be specific, it may not be the same date every year read the notes in the annual report.)

4. Construct your summary from the viewpoint that it will be used in assisting to complete a

Future annual report or 10K.