Question
Select any publicly traded company (other than the companies used as examples in class). Examine the most recent Income Statement and Stmt. of Cash Flows
Select any publicly traded company (other than the companies used as examples in class). Examine the most recent Income Statement and Stmt. of Cash Flows (that does not reflect COVID-19) and comment on the earnings quality. Specifically, examine the income statement for any items which may impact the sustainability of earnings and the footnotes (on depreciation and inventory method) to comment on the substance of earnings. Also, compare the net income to cash flows from operating activities. Based upon this information reach an overall conclusion on the company's earnings quality; high, medium, or low.
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