Assignment ContentNow that you've conducted your Learning to Lead interview, reflect on what you learned about leadership styles and approaches.Write a 700- to 1,050-word paper in which you:Analyze the interviewee's responses.Summarize what you learned from your interview.Explain how you would apply what you learned into your own leadership responsibilities.Distinguish the differences between management and leadership.

Option #2: Financial Statement Analysis: Retail Financial analysts, investors, lenders, auditors, and many others perform ratio analysis to help review and evaluate a company’s financial statements and financial performance. This analysis allows the stakeholder to gain an understanding of the financial health of the company and gives insights to allow more insightful and, hopefully, more effective decision making.In this lab, you will access XBRL data to complete data analysis and generate financial ratios to compare the financial performance of several companies. Financial ratios can more easily be calculated using spreadsheets and XBRL. You will (1) select an industry to analyze, (2) create a copy of a spreadsheet template, (3) input ticker symbols from three U.S. public companies, and (4) calculate financial ratios and make observations about the state of the companies using these financial ratios.The company and competitor you should choose from are:CompanySymbolTargetTGTWalmartWMTHome DepotHDLowesLOWNikeNKEUnder ArmourUAAAT&TTVerizonVZNestleNSRGYBest BuyBBYMacy'sMChristian DiorCHDRYCanonCAJHPHPQAnheuser-Busch inBevBUDHeineken HoldingHKHHY1. Open a web browser and go to drive.google.com.2. If you haven’t done so already, sign in to your Google account.3. Go to http://tinyurl.com/xbrlratios. You will see a spreadsheet similar to Lab Exhibit 8-3A.4. Click File > Make a copy. . . as shown in Lab Exhibit 8-3A.5. Rename your spreadsheet if desired and click OK to save a copy to your Drive. A new tab will open with your copy of the spreadsheet. You may now edit the values and formulas.6. Referring to Lab Exhibit 8-3B for your industry’s ticker symbols, in the Main Company Ticker field, input the ticker of the company you would like to focus your analysis on and press Enter. In a moment, the value on the spreadsheet will change to Loading. . . and then show your company’s financial figures.7. In the Most Recent Year field, enter the most recent reporting year. It may be the current year or the previous year.8. In the Period field, enter either FY for a fiscal year or Q1 for 1st quarter, etc.9. In the Round to field, choose the rounding amount. 1,000 will round to thousands of dollars; 1,000,000 will round to millions of dollars.10. In the Comparable 1 Ticker field, input the ticker of a second company you would like to compare with your first company.11. In the Comparable 2 Ticker field, input the ticker of a third company you would like to compare with your first company.12. Take a screenshot (label it 8-3A) of your figure with the financial statements of your chosen companies.13. First, review the Facts sheet (or tab) to determine whether there are any values missing for the companies you are analyzing. Describe what impact (if any) the missing data have on the ratios. Once you have determined whether any data are missing, you have a chance to find some interesting trends and comparisons in the data. You will click through the sheets at the bottom to review the ratios. To aid in this analysis, the template also includes spark lines that provide a mini-graph to help you quickly visualize any significant values or trends.Required:Submit your Excel file separately. Submit your Word document with the analysis of the ratios and the answer to each of these questions.Q1. Review the 14 financial ratios and make some conclusions or judgments about the values, trends, or comparisons with the other companies. For example, if one company has a significantly higher debt-to-equity ratio than the other two, what might be driving this.Q2. Has the company you are analyzing seen any major changes in its ratios in the past three years? Which of the three companies is most liquid in the most current year?Q3. How has your company managed short-term liabilities over the last three years?Q4. Analyze liquidity, profitability, financing (leverage), and activity for your company. Where is it strong?Q5. Consider the DuPont framework to interpret the results and make sure you make a judgment about your company’s financial position based upon the data.Your well-written paper must be 8 to 10 pages in length, in addition to the title page and reference page. It must contain 6 references (at least 4 of which are scholarly/peer reviewed). The paper should be formatted according to the CSU-Global Guide to Writing and APA (Links to an external site.) (Links to an external site.).

Suppose you are a CPA hired to represent a client that is currently under examination by the IRS. The client is the president and 95% shareholder of a building supply sales and warehousing business. He also owns 50% of the stock of a construction company. The client’s son owns the remaining 50% of the stock of the construction company. The client has received a Notice of Proposed Adjustments (NPA) on three (3) significant issues related to the building supply business for the years under examination. The issues identified in the NPA are unreasonable compensation, stock redemptions, and a rental loss. Additional facts regarding the issues are reflected below:Unreasonable compensation: The taxpayer receives a salary of $10 million composed of a $5 million base salary plus 5% of gross receipts not to exceed $5 million. The total gross receipts of the building supply business are $300 million. The NPA by the IRS disallows the salary based on 5% of gross receipts as a constructive dividend.Stock redemptions: During the audit period, the construction company redeemed 50% of the outstanding stock owned by the client and 50% of the stock owned by the client’s son, leaving each with the same ownership percentage of 50%. The IRS treated the redemption  as a distribution under Section 301 of the IRC.Rental loss: The rental loss results from a building leased to the construction company owned by the client and his son.Use the Internet and Strayer databases to research the rules and income tax laws regarding unreasonable compensation, stock redemptions treated as dividends and related party losses. Be sure to use the six (6) step tax research process in Chapter 1 and demonstrated in Appendix A of your textbook as a guide for your written response.Write a four (4) page paper in which you: ( full four pages)Based on your research and the facts stated in the scenario, prepare a recommendation for the client in which you advise either acceptance of the proposed adjustments or further appeal of the issue based on the potential for prevailing on appeal.Create a tax plan for the future redemption of the client’s stock owned in the construction company that will not be taxed according to Section 301 of the IRC.Propose a strategy for the client to receive similar amounts in compensation in the future and avoid the taxation as a constructive dividend.Use the six (6) step tax research process, located in Chapter 1 and demonstrated in Appendix A of the textbook, to record your research for communications to the client.Your assignment must follow these formatting requirements:Be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides; citations and references must follow APA or school-specific format. Check with your professor for any additional instructions.Include a cover page containing the title of the assignment, the student’s name, the professor’s name, the course title, and the date. The cover page and the reference page are not included in the required assignment page length.The specific course learning outcomes associated with this assignment are:Analyze tax issues regarding corporate formations, capital structures, income tax, non-liquidating distributions, or other corporate levies.Prepare client, internal, and administrative documents that appropriately convey the results of tax research and planning.Create an approach to tax research that results in credible and current resources.Use technology and information resources to research issues in organizational tax research and planning.Write clearly and concisely about organizational tax research and planning using proper writing mechanics.Click here to view the grading rubric for this assignment.Assign rubric 2.docx