XACC 290 week 6 assignment

Individual

Financial Reporting Problem, Part 1

Financial_Accounting_6e_Ch04 (6).pdf


Browse the Internet to acquire a copy of the most recent annual report for a publicly traded company.

Analyze the information contained in the company’s balance sheet and income statement to answer the following questions:

·  What are the company’s total assets at the end of its most recent annual reporting period? Why is this important?

·  What are the total assets at the end of the previous annual reporting period?

·  How much cash and cash equivalents did the company have at the end of its most recent annual reporting period?

·  What amount of accounts payable did the company have at the end of its most recent annual reporting period?

·  What amount of accounts payable did the company have at the end of the previous annual reporting period?

·  What are the company’s net revenues for the last three annual reporting periods?

·  What is the change in dollars in the company’s net income from its most recent annual reporting period to the previous annual reporting period?

·  What are the company’s total current assets at the end of its most recent annual reporting period?

·  What are the total current assets at the end of the previous annual reporting period?

·  What in the information above would be important to a potential investor, employee, and so on?

Summarize the analysis in a 700- to 1,050-word paper in a Microsoft® Word document.

Include a copy of the company’s balance sheet and income statement.

Format your paper consistent with APA guidelines.