Go to a publicly traded companys website and find the companys most recent annual report. Answer the
Question:
Go to a publicly traded company’s website and find the company’s most recent annual report. Answer the following questions:
a. What are the major sections of the annual report?
b. What are the three most important points in the letter to the shareholders?
c. What are the titles of the major financial statements in the report?
d. What are the company’s total assets, total liabilities, and total shareholders’ equity? What percentage of the company’s total assets is financed through liabilities?
e. Is the statement of financial position classified or unclassified? If it is classified, what are the major categories?
f. What are the net sales in the most recent year? Are they up or down from the previous year? (Answer in both dollar and percentage amounts.)
g. What is the net income and earnings per share in the most recent year? Are these amounts up or down from the previous year? (Answer in both dollar and percentage amounts.)
h. What is the net cash provided (used) by operating, financing, and investing activities for the most recent year?
i. What is the last day of the company’s fiscal year?
Step by Step Answer:
Understanding Financial Accounting
ISBN: 9781119715474
3rd Canadian Edition
Authors: Christopher D. Burnley