Styles FINANCIAL STATEMENT ANALYSIS GROUP PROJECT Retrieve Apple store annual report (10-K)from the SEC website (NASDAQor NYSE public company) and obtain industry information from financial websites. Analyze and evaluate accounting information obtained from company's annual report. In the report, please answer the following questions: on what stock exc does it trade, and when is the company's fiscal year end? (2) What industry and primary SIC code is your company in? What types of products does your company sell? Identify a major competitor of your company. (3) Are your company's financial statements audited by an independent public accounting firm? Find and read "Report Independent Registered Public Accounting Firm" (or similarly titled report) in the 10-K What is the name of your company's audit firm and type of opinion did it issue report also audit the internal control of the company? Did (4) Income statement: a Read the footnotes to the financial statements. What is your company's revenue recognition policy b. What subtotals does your company report on its income statement? c. What amount of revenue was earned for the most recent year? d. What is the amount of the largest expense on the income statement for the most recent year? Please briefly describe the transaction represented by the expense. e. What is the amount of net income for the most recent year? f What is your company's earnings per share (basic only) for the most recent year? Styles FINANCIAL STATEMENT ANALYSIS GROUP PROJECT Retrieve Apple store annual report (10-K)from the SEC website (NASDAQor NYSE public company) and obtain industry information from financial websites. Analyze and evaluate accounting information obtained from company's annual report. In the report, please answer the following questions: on what stock exc does it trade, and when is the company's fiscal year end? (2) What industry and primary SIC code is your company in? What types of products does your company sell? Identify a major competitor of your company. (3) Are your company's financial statements audited by an independent public accounting firm? Find and read "Report Independent Registered Public Accounting Firm" (or similarly titled report) in the 10-K What is the name of your company's audit firm and type of opinion did it issue report also audit the internal control of the company? Did (4) Income statement: a Read the footnotes to the financial statements. What is your company's revenue recognition policy b. What subtotals does your company report on its income statement? c. What amount of revenue was earned for the most recent year? d. What is the amount of the largest expense on the income statement for the most recent year? Please briefly describe the transaction represented by the expense. e. What is the amount of net income for the most recent year? f What is your company's earnings per share (basic only) for the most recent year