Financial Statements

Anonymous
timer Asked: Dec 24th, 2018

Question description

Select a publicly traded, U.S. corporation with which you are familiar or one where you currently work or have worked in the past.

Research the company and FROM THE COMPANY WEBSITE download the Income Statement, Statement of Shareholders' Equity, Balance Sheet, and Statement of Cash Flows. do not use summary sites- go directly to the company website that you have chosen. Scroll down and click Investor Relations. You are looking for a 10-K, or Annual Report (the MOST RECENT) under either Annual filings or SEC Finlings. DO NOT use a 10-Q(quarterly Report).

THIS IS NOT A PAPER. Only Answer the following questions- APA format is NOT used for this assignment:

  • Determine the net income for the current fiscal year (FY). Is this income up or down from the prior year?
  • Explain the relevance of changes in net income to investors.
  • Determine the ending balance in shareholders' equity. Why would organizations such as labor unions be interested in this?
  • Determine the total value of assets.
  • Discuss the relevance of the total value of assets to potential creditors and why this is important.
  • Using excel:Compute the return on assets. Discuss the relative profitability of the company based on your results.
  • Using Excel:Compute the working capital and current ratio. Evaluate the relative liquidity of the company based on your results.
  • Using excel: Compute the debt to assets ratio and the free cash flow for your company. Analyze the results and comment on the relative solvency of the company.
  • Discuss how the financial statements are used in your current role or a position you would like to hold. How might these aid you in managerial decision making?

Show your calculations only in Excel®. Please put question answers in a word document.

Complete calculations/computations using Excel®.

Include A WORKING LINK TO THE FINANCIAL STATEMENTS. Copy and paste the URL in the address bar of the statements.

Financial Statements Grading Guide ACC/561 Version 7 Accounting Copyright Copyright © 2017 by University of Phoenix. All rights reserved. University of Phoenix® is a registered trademark of Apollo Group, Inc. in the United States and/or other countries. Microsoft®, Windows®, and Windows NT® are registered trademarks of Microsoft Corporation in the United States and/or other countries. All other company and product names are trademarks or registered trademarks of their respective companies. Use of these marks is not intended to imply endorsement, sponsorship, or affiliation. Edited in accordance with University of Phoenix® editorial standards and practices. Financial Statements Grading Guide ACC/561 Version 7 Individual Assignment: Financial Statements Purpose of Assignment This activity helps students recognize the significant role accounting plays in providing financial information to management for decision making through the evaluation of financial statements. This experiential assignment requires students to use ratios to evaluate and analyze a company’s liquidity, solvency, and profitability. Resources Required Generally Accepted Accounting Principles (GAAP) U.S. Securities and Exchange Commission (SEC) University Library, Library resources - Company Directories and Financials Tutorial help on Excel® and Word functions can be found on the Microsoft® Office website. There are also additional tutorials via the web offering support for Office products. Grading Guide Content Selected a publicly traded, U.S. corporation with which student is familiar or one where student currently works or has worked in the past. Researched the company on the Internet and downloaded the Income Statement, Statement of Shareholders' Equity, Balance Sheet, and Statement of Cash Flows. Determined the net income for the current fiscal year (FY). Answered the following question: • Is this income up or down from the prior year? Explained the relevance of changes in net income to investors. Determined the ending balance in shareholders' equity. Answered the following question: • Why would organizations such as labor unions be interested in this? Determined the total value of assets. Discussed the relevance of the total value of assets to potential creditors and why this is important. Met Partially Met Not Met Comments: 2 Financial Statements Grading Guide ACC/561 Version 7 Content Met Partially Met Not Met Total Available Total Earned 4 #/4 Partially Met Not Met Total Available Total Earned Comments: Computed the return on assets. Discussed the relative profitability of the company based on student’s results. Computed the working capital and current ratio. Evaluated the relative liquidity of the company based on student’s results. Computed the debt to assets ratio and the free cash flow for student’s company. Analyzed the results and comment on the relative solvency of the company. Discussed how the financial statements are used in student’s current role or a position student would like to hold. Answered the following question: • How might these aid student in managerial decision making? Showed work in Excel®. Completed calculations/computations Excel®. Included the four financial statements along with assignment. Writing Guidelines Met Intellectual property is recognized in APA format with in-text citations and a reference page. Paragraph and sentence transitions are present, logical, and maintain the flow throughout the paper. Sentences are complete, clear, and concise. Rules of grammar and usage are followed including spelling and punctuation. Word count has been followed Comments: 3 Financial Statements Grading Guide ACC/561 Version 7 Writing Guidelines Assignment Total Met # Partially Met Not Met 1 #/1 5 #/5 Comments: 4

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