Describe the trend in net income over the years presented

Reference no: EM132448743 , Length: 10

Objective: To analysis the financial statements of a publicly traded company.

Obtain an annual report from a corporation that is interesting to you. Using techniques you have learned in the previous weeks, respond to the following questions:

Question 1: Who are the firm's auditors? Do they provide a clean opinion on the financial statements?

Question 2: Have there been any subsequent events, errors and irregularities, illegal acts, or related-party transactions that have a material effect on the financial statements?

Question 3: Describe the trend in total assets and total liabilities for the years presented.

Question 4: What are the company's three largest assets for the most recent year presented?

Question 5: What are the company's three largest liabilities for the most recent year presented?

Question 6: What types of stock does the company have? How many shares are there outstanding for each type of stock for the most recent year presented?

Question 7: Does the company use the single-step or multiple-step income statement or a variation?

Question 8: Does the income statement contain any separately reported items in any year presented, included discontinued operations or extraordinary items? If it does, describe the even that caused the item. Hint: there should be a related footnote.

Question 9: Describe the trend in net income over the years presented.

Question 10: Does the company have other comprehensive income? If yes, what is the nature of the transaction(s)?

Question 11: Does the company use the indirect or direct method of the cash flow statement?

Question 12: What is the trend in cash from operations for the years presented?

Question 13: What are the 2 largest items included in cash from investing activities?

Guidelines

Papers must 8 to 10 pages in length

Reference no: EM132448743

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