Advocate Medical Group Online Billing Payment Process Complete 1 of 1 https://www.advocatemedicalgroups.com/06_pay_process.asp My Bill My Profile Support Log out Please print this page for your records. This site is optimize d for use with Inte rne t Explore r and Fire fox. 1/2/2017 7:28 PM Points Management Accounting (BUS 262-55) Spring 2018 Information Literacy Assignment 2 101 Points Due Date: May 8 (Tuesday) at 5 p.m. This assignment is on information literacy in accounting, specifically on applying course concepts to public company annual reports. General instructions: 1. Email your completed assignment to jwhite@elmhurst.edu by the due date. 2. Label and number all exhibits in the report. 3. You need not prepare a reference list as your primary source will be the annual reports. 4. Grading criteria will include writing quality and presentation of exhibits. Assignment: A. Find three public companies (whose financial statements are filed with the Securities and Exchange Commission) in the same industry. See the URL below for a listing of Standard Industrial Classification divisions. The industry must be chosen from one of Groups 20 to 39 from Division D manufacturing. URL: https://www.osha.gov/pls/imis/sic_manual.html Hint: Once you determine your industry, you can just google "public companies in XXX industry" to get a list of companies to choose from. 3 B. Download or access the latest Form 10-K (annual report) for the three companies. C. What is the fiscal year end of the annual report for each company? Reference this answer in your analysis in part G. D. Use a screenshot program (for example "Snipping Tool" on Windows) to retrieve the income statements and balance sheets for the three companies from the annual report. Include these as exhibits in your report. E. Common size income statement: Prepare a common size income statement for the three companies, similar to Chapter 14, Exhibit 7. Include this table as an exhibit. Include only these items on the common size statements: [1] revenue, [2] cost of goods sold, [3] gross profit, [4] total operating expenses and [5] net income. Page 1 3 12 15 F. Financial Analysis Compute the following ratios for the three companies: 1. current ratio 2. accounts receivable turnover 3. inventory turnover 4. ratio of liabilities to stockholders’ equity 5. return on total assets 30 Prepare an exhibit showing these ratios, one table with all three companies. Provide a separate sheet that shows supporting computations of the ratios for the for the three companies, i.e. the formulas and the numbers used. Include this as an exhibit. G. Analysis Prepare a written analysis of the information in the common size income statement and the financial analysis, evaluating and comparing the three companies. 41 You need not discuss each item in the exhibits but focus on the ones which you believe to be significant. Include reference to your chosen industry and fiscal years. Limit this to 3 double-spaced pages, 12-point font. Total points for assignment 101 Page 2
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