Question
Select one publicly traded corporation that is traded on one of the major US stock exchanges) and email me for approval by August 30th at
Select one publicly traded corporation that is traded on one of the major US stock exchanges) and email me for approval by August 30th at 11:55 PM. For this assignment, you must select either a manufacturer or a merchandiser (they must show inventory on the balance sheet). Please be sure to include several options as companies are approved on a first-come, first-serve basis. Additionally, the following companies will not be considered (or approved):
- WalMart
- Target
- Amazon
- Costco
- Ebay
- Apple
- Microsoft
- Sysco
- US Foods
- Tesla
Answer the following based on the corporation Five Below
(2.5 points for submitting your choices for approval by the Aug. 30 deadline)
Once you have received approval from me, use the provided link to access their financial statements included in SEC 10-K filings and the companys published annual report which you will be able to download or open in a PDF file. You must use the full financial statements for this assignment and not financial highlights published earlier in many annual reports and on other websites. Please post the following information on the discussion board:
2. State the names of your company, what their stock exchange ticker symbol is, and the price each stock closed at on September 3, 2021. How much would it cost for you to purchase 1,000 shares of stock for each of your companies?
For example: Walt Disney World trades under the ticker symbol DIS and had a closing price on 8/16/21 of $179.09 You can find their 10K filing by going to annualreports.com and putting in Walt Disney World. You can find closing stock prices by going to yahoofinance.com or other financial statement websites.
For example, 1,000 shares of Disney stock at the closing price of $179.09 would total $179,090.
(10 points for showing the four items required above).
3. Post screen shots (or embed screen shots in your discussion post) of the Income Statement (not the shorter consolidated income statement), The Statement of Stockholders Equity and the Balance sheet into the body of your post. This will allow everyone in the class the opportunity to view statements from a variety of different corporations. For example, Disneys statements are shown on page 74, 75, and 76 of their 10K.
Make sure you are looking at annual rather than quarterly reports. Quarterly reports are called 10-Qs instead of 10-Ks. REMEMBER TO USE THE ACTUAL FINANCIAL STATEMENTS AND NOT THE FINANCIAL HIGHLIGHTS.
(2.5 points for posting the three correct financial statements).
4. Perform both horizontal and vertical analysis on the your corporation's income statement (not the consolidated income statement)
(10 points for posting the horizontal and vertical analysis).
5. Compute the following ratios:
Ratio of liabilities to stockholders equity
Working Capital
Current ratio
Asset Turnover ratio
To receive the points for this component you must show the formula and numbers used to get your answers.
(10 points for correctly posting the above ratios and their results. 0 points awarded if you only post the answer and not the full formula)
6. Based upon your results above, what can you tell about their liquidity? What did you discover when performing the vertical and horizontal analysis? . Additionally, state what you found interesting or surprising about the results of your research so far this semester.
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