The company I have chosen is Dollar General. They started as a small local store in Kentucky under J.L. Turner and Sons in 1939 and became incorporated in 1955 under the name Dollar General. They now have over 19,000 stores in 47 US states and one in Mexico. Dollar General sells merchandise from their own manufacturer as well as a number of leading manufacturers, and their goal is to provide everyday household products for under ten dollars. I chose them because I have family in Kentucky, and I was curious how they grew so large from starting out as a local family store. As of February 2023 ( in thousands) (Assets) = 7,581,009 (Liabilities) = 5,887,768 + (Equity)= 5,541,772 Net Income 2,415,989 This is an increase of 16,757 compared to January 2022. iary 29, 2021 1,37 5 ,2 Dollar General uses a single-step income format. The inventory value was $296.3 million as of Feb 3, 2023. The cost of goods sold for 2023 was $26,024,765. The percentage of net income from sales was 23.7% as of Feb, 2023. The two companies in which goods are purchased accounted for 18% respectively. dollar General Feb 2023 10K annual report. Dollar General uses Ernst & Young LLP, who operate out of Tennessee and have been the company's auditors since 2001. According to the audit, "financial statement presents fairly in all material respects financial position and results of the operations." Dollar General uses the straight-line Depreciation and Amortization method. For their buildings, they have an estimated life of 39 to 40 years. Furniture, fixtures, and equipment have an estimated life of 3 to 10 years. Dollar General's goodwill and intangible assets for the quarter ending April 30, 2023, were $5.538B, a 0% increase year-over-year. Intangible assets are defined as identifiable non-monetary assets that cannot be seen, touched, or physically measured. Examples of intangible assets include trade secretsIntangible assets are defined as identifiable non-monetary assets that cannot be seen, touched, or physically measured. Examples of intangible assets include trade secrets, copyrights, patents, and trademarks. If a company acquires assets at prices above the book value, it may carry goodwill on its balance sheet. Goodwill reflects the difference between the price the company paid and the book value of the assets. Depreciation, Depletion, and Amortization for the last twelve months ending in July 2023; the quarterly data reported by the company within the most recent 12 months was $785 million. Internal controls are in line as well, the auditing firm operates under the PCAOB, Public Accounting Oversight Board. The inventory method used is LIFO, Last In, First Out. The percentage of inventory compared to the total assets is 24.62 % 7,335,845 / 29,803,933 *100 220,761 liabilities 0.759 percent 5,541,772 shareholders equity 19.05 percent 29,083,367 total assets Contingencies: Dollar General does have a current lawsuit as follows On January 20, 2023, a lawsuit entitled Brent Conforti, et al. v. Jeffrey C. Owen, et al. was filed in the United States District Court for the Middle District of Tennessee (Case No. 3:23-CV-00059) ("Conforti") in which the plaintiff shareholder, purportedly on behalf and for the benefit of the Company, alleges that each of the Company's directors violated their fiduciary duties by failing to implement and maintain a system of controls regarding the Company's workplace safety practices. The plaintiff also alleges corporate waste and, as to the Company's former CEO, Mr. Vasos, unjust enrichment. On February 13, 2023, the plaintiff amended the complaint to add breach of fiduciary duty allegations against certain officers of the Company, including Messrs. Owen, Vasos, Garratt, Sunderland and Wenkoff and Mss. R. Taylor and Elliott, and to expand the unjust enrichment claim to include all individual director and officer defendants (the "Individual Defendants"). The plaintiff seeks both non-monetary and monetary relief for the benefit of the Company. The Company and the Individual Defendants intend to seek dismissal of the Conforti action.LIABILITIES AND SHAREHOLDERS' EQUITY Review your Company's Annual Report (also known as a 10-K) Using the SEC Edgar website, Links to an external site. enter the name of your company and click Search. Once your company has been found, refine your search results by clicking on Form and selecting 10-K. Open the most recently filed 10-K (Annual Report). Create a Discussion Post Review your discussion postings for 1 through 6. This information will help you complete the Financial Statement Analysis Project. You are now ready to pull everything together that you have been learning this semester by completing the Financial Statement Analysis Project on your selected company. Use Excel to calculate the following: Liquidity ratios: Working capital, Current ratio Solvency ratios: Debt to assets, Debt to equity, Plant assets to long-term liabilities Profitability ratios: Net margin, Asset turnover, Return on investment, Return on equity Investigate the trend of the market price of your company's stock. Using a website such as Yahoo FinanceLinks to an external site., determine the stock' market price on the first business day of each month for the last 12 months. Create a chart in Excel that shows this information