Financial Reporting Problem

Dec 2nd, 2014
DreamIt
Category:
Accounting
Price: $30 USD

Question description

Access the Internet to acquire a copy of the most recent annual report for the publicly traded company used to complete the Financial Reporting Problem, Part 1 assignment due in Week Six.

Analyze the information contained in the company’s balance sheet and income statement to answer the following questions:

  • Are the assets included under the company’s current assets listed in the proper order? Explain your answer.
  • How are the company’s assets classified?
  • What are cash equivalents?
  • What are the company’s total current liabilities at the end of its most recent annual reporting period?
  • What are the company’s total current liabilities at the end of the previous annual reporting period?
  • Considering all the information you have gathered, why might this information be important to potential creditors, investors, and employees?

Summarize the analysis in a 700- to 1,050-word paper in a Microsoft® Word document.

Include a copy of the company’s balance sheet and income statement.

Format your paper and presentation consistent with APA guidelines.

Click the Assignment Files tab to submit your assignment.


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