THIS ASSIGNMENT IS BASED ON FORM 10-K WALGREENS BOOTS ALLIANCE, INC.

https://www.sec.gov/Archives/edgar/data/1618921/000161892117000069/wba-2017831x10k.htm#sD544AA1057C23391F01B25BC6265E816

MULTI-MODULE COMPREHENSIVE PROBLEM ASSIGNMENT

Background: The purpose of this comprehensive project is to use a variety of resources to research a corporation. You will also prepare a written paper describing your corporation and summarizing the findings you have developed in the first three parts of the project.

Instructions: First choose a company to research. The company must be publicly traded, not the company where you currently work. Your selection may be a competitor of the company you currently work for, a company related to a hobby of yours, a possible stock investment, or simply sound interesting.

Module	Activity	Activity Type
	Case Study Part I: Company Background See specific details below.	Written Assignment
	Case Study Part II: Compute Ratios See specific details below.	Written Assignment
	Case Study Part III: Compare Ratios to Industry Norms See specific details below.	Written Assignment
Required Part I

A. Research and then describe your company's primary business activities. Include:

A brief historical summary,

A list of competitors,

The company's position within the industry,

Recent developments within the company/industry,

The key risk factors

The strategic direction of the company

Other items of significance to your corporation.

B. Include 1. Consult the Form 10-K filed with the SEC.

information from a variety of resources. For example:

Review the Annual Report and especially the Letter to Shareholders and the risk factor statement

Explore the corporate website including the investor relations website

Select at least two significant news items from recent business periodicals

C. Submit a written report that is 2-4 pages long. The report should be well written with introductory and concluding paragraphs. References must be appropriately cited. Be sure to address all of the points in

Required Part II

The purpose of the second part of the comprehensive project is to compute financial statement ratios.

A. Based on formulas given, compute the following ratios in Excel for two years.

1. Current ratio: current assets/current liabilities

2. Debt ratio: total debt/total assets

3. Gross profit margin

4. Times interest earned: (Earnings before Interest & Taxes)/Interest Expense

5. Accounts receivable (AR) turnover: Net Credit Sales/Average AR Note: Av

6. Inventory turnover: Sales/Average Inventory Note: Average inventory = (B

7. Return on Sales: Net Income (before interest & taxes)/Sales

8. Asset Turnover: Sales/average total assets

9. Return on Assets: net profit/average total assets

B. Prepare a DuPont Analysis of ROE for two years, including computations of

Return on Sales

Asset Turnover

Return on Assets

Financial Leverage

Return on Equity

C. Briefly evaluate the ratio trends. Indicate on your worksheet whether each ratio is:

stronger / weaker

quicker /slower

more / less liquid

more / less risk

Required Part III

The purpose of the third part of the comprehensive project is to use resources available to obtain industry averages for commonly used ratios. Additionally, you will compare company ratio results to industry averages.

A. Obtain the four-digit primary SIC (Standard Industrial Classification) Code and industry title of your

company. Record the primary SIC code and industry title at the top of the Ratio Analysis Worksheet.

Obtain industry averages for commonly used ratios in the current period. Industry average information is reported by industry title or SIC code.

Look up the following industry-average ratios:

Current ratio

Debt ratio

Gross profit margin

Times interest earned

Accounts receivable turnover

Inventory turnover

Return on Sales

Asset Turnover

Return on Assets

Financial Leverage

Return on Equity