Assignment 1

Anonymous
timer Asked: Jan 6th, 2018
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Question description

Directions: Answer the following questions on a separate document. Explain how you reached the answer, or show your work if a mathematical calculation is needed, or both. Submit your assignment using the assignment link above.

A. In your own words, please identify two different stock exchanges in the United States. Describe the similarities and differences between the two stock exchanges. Identify one stock from each of the two stock exchanges.

B. Using the two stocks you identified, determine the free cash flow from 2013 & 2014. What inference can you draw from the companies’ free cash flow?

C. Using the most recent financial statements for both stocks, prepare two financial ratios for each of the following categories: liquidity ratios, asset management ratios, and profitability ratios. You should have a total of six ratios for each stock, per year. What challenges, strengths, or weaknesses do you see? Please be articulate.

Tutor Answer

Robert11
School: University of Virginia

here is the final work

Running head: Management

1

Name
Date
University

Management

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Answer to A:Two diverse stock exchanges in the United States incorporate the New York Stock Exchange
(NYSE) and the National Association of Securities Dealer Automated Quotation (NASDAQ).
Both are open stock exchanges situated in New York City; however, the NASDAQ exchanges
works principally through automated exchanging as merchant's market while the NYSE has
particular floor brokers in an auction market that entire stock trades. Both were propelled inside a
year from each other with the NASDAQ propelling in '71 and the NYSE propelling in '72. The
two are the biggest stock trades on the planet with a sum of roughly 4700 recorded organizations
between them. Expenses are somewhat higher with the NYSE in contrast with the NASDAQ and
you will see all the more entrenched organizations recorded on the NYSE, for example, Ford
Motor Company, while "cutting edge stocks that are more growth-oriented and conceivably
unpredictable" are recorded on the NASDAQ, for example, Apple Inc (Diffen, 2017).
Answer of B:(NYSE) Ford Motor Company Free Cash Flow: 2013 (in millions)
Cash Flow from Operations - Capital Expenditures = Free Cash Flow
10,444 –6,597 = 3,847 (2013annualreport.ford.com, p.70)
Ford Motor Company Free Cash Flow: 2014 (in millions)
14,507 – 7,463 = 7,044 (2014annualreport.ford.com, p. FS-6)
The free cash flow to us that Ford had more cash rolling in from operations and could spend
more on capital uses, for example, structures, office hardware, licenses, arrive, apparatus

Management

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etcetera, while as yet expanding the measure of money important to both keep up their business
and in addition grow. The expansion in free cash is a little marker of Ford's budgetary execution
and with the increment, in free income, Ford can "seek after circumstances that upgrade investor
esteem" (Investopedia, 2017).
(NASDAQ) Apple Inc. Free Cash Flow 2013: (in millions) Apple does not offer a full 10-K
for 2013 so information for 2014 and 2013 will be taken from the 2014 10-K report.
Cash Flow from Operations - Capital Expenditures = Free Cash Flow
53,666 – 16,597 = 37,069(2014investor.apple....

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Review

Anonymous
Awesome! Exactly what I wanted.

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