FIN 571 Week 3 Financial Statement Interpretation

Aug 8th, 2016
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Select three publicly traded companies. Choose one each from the following sectors: manufacturing, service, and retail. At least one of the three companies should be foreign. If possible, choose from among the team members' places of business or similar industries. Calculate the following: • Current ratio • Quick ratio • Net profit margin • Asset utilization • Financial leverage Analyze the Return on Equity (ROE) for the last 2 years using the DuPont method. Develop a 2,100-word comparison of your three companies in which you include the following: • Discuss the differences in the industries • Discuss the different measurement conventions and how this affects presentations. • Contrast IASB basis for accounting (IFRS) and FASB/GAAP accounting. • Compare the three companies and their strategies for managing their working capital. • Discuss the financial ratios and analyses and what they indicate about the companies and their financial forecast. Incorporate the calculated rat

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Financial Statement InterpretationFIN/571Financial Statement InterpretationThe purpose of this paper is to illustrate the difference in financial operations of differentorganizations such as Honda, Starbucks, and H&M. These different companies use differentstrategies in their management of their daily operations. This is determined by the different fieldsthat these companies trade in. These companies have their own unique style of number ofemployees, different working capital management; use their assets differently to generate theirsales. The following is a comprehensive detailed of the three companies.Differences in IndustriesManufacturing: HondaAccording to "Manufacturing Industry" (2016), Manufacturing industry refers to thoseindustries which involve in the manufacturing and processing of items and indulge in eithercreation of new commodities or in value addition. The manufacturing industry accounts for asignificant share of the industrial sector in developed countries. The final products can eitherserves as a finished good for sale to customers or as intermediate goods used in the productionprocess. Honda is a car manufacturing company that brings materials together to put togethercars. In the manufacturing industry, different approaches are taken to ensure the industry isrunning to its best standards. Unlike the service and retail industry, manufacturing has very littlecontact with the user to buys the products. The manufacturing industry dea

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