Week 6 Checkpoint — due Day 3 (Wednesday)

Checkpoint

Practice Problems 1

Resource: Ch. 4 of Financial Accounting

Complete Problem 4-8A.

Submit as either a Microsoft® Excel® or Microsoft® Word document (I prefer an Excel file).

Week 6 Assignment –

Financial Reporting Problem, Part 1

Browse the Internet to acquire a copy of the most recent annual report for a publicly traded company.  (Go to the company’s website and the Annual Report is often listed under the “Investor Relations” tab or something similar.  You’ll have to look through the report for the financial statements – they are usually just a few pages of a many-page report.)

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 other interested parties?

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

Include in your paper a copy of the company’s balance sheet and income statement (does not apply toward the word-count requirement).

Format your paper (just one file) consistent with APA guidelines