The eXtensible Business Reporting Language $($XBRL$)$ is likely the future of financial reporting. XBRL is a

computer language that "tags" each item and specifies what that item is$.$ XBRL reporting already has been

adopted for use in Australia, Japan, and the United Kingdom. XBRL reporting will allow investors to quickly

download financial statements for analysis.

coverage online

Currently, several companies voluntarily submit financial statements in XBRL format. For this assignment, go to the SEC website at www$.$s

ec$.$gov. When you click the link for a particular filing, the XBRL results are shown at the bottom of the page. Download the income

statement and balance sheet from the annual report for a company of your choice. Using these reports, calculate the financial ratios for the

company from the data available for the past two years. Do you notice any changes in these ratios that might indicate the need for further

investigation?

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