The purpose of this assignment is to help students gain a better understanding of the financial statements used for corporate financial reporting and the key ratios used to make business decisions.

Assignment Steps 

Select a Fortune 500 Company from one of the following industries:

· Pharmaceutical

· Energy

· Retail

· Automotive

· Computer Hardware

Review the balance sheet and income statement in the company’s 2015 Annual Report.

Calculate the following ratios using Microsoft® Excel®:

· Current Ratio

· Quick Ratio

· Debt Equity Ratio

· Inventory Turnover Ratio

· Receivables Turnover Ratio

· Total Assets Turnover Ratio

· Profit Margin (Net Margin) Ratio

· Return on Assets Ratio

Analyze in 1,050 words why each ratio is important for financial decision making.