Each chapter in the textbook contains a continuation of this problem. The objective is to learn how to do a comprehensive financial statement analysis in steps as you learn the content of each chapter. Keep this in mind as you complete each week’s written assignment. Using the Eastman Kodak 2007 Annual Report and Form10-K, answer the following questions in a 2-page analysis:
Using the checklist and the quality of financial reporting sections of Chapter 5, discuss the quality of Eastman Kodak’s annual report and Form 10-K.
Adjust the 2007 net earnings figure for Eastman Kodak, for purposes of comparing this amount to future earnings.*
*Note: The CPI for 2007 is 207.3 and for 2006 it is 201.6.