Review the bank of america general business information

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Reference no: EM13391022

1.Review the Bank of America general business information, letter or report to shareholders, and management's discussion and analysis of the company provided in the annual report.

Summarize the business. Considering also:

  • The business entity as a whole including the demographic location
  • Where is the business located?
  •  Does the business have a physical building?
  •  It may help to understand if a business location compliments or discredits what is presented in the financial statements.
  •  How the business is organized

A) Corporation
B) Partnership
C) Proprietorship
D) Length of time in business
E) History of the business
F) Is the company currently involved in litigation?
G) Explain management's analysis of the company and predictions for the future.

2.Review Bank of America financial statements and then respond to the following questions:

  •  Calculate the following ratios:
  •   Net profit
  •   Debt to equity
  •   Net quick
  •   Perform a trend analysis on net income after interest and taxes.
  •   What is the overall financial condition of the company based on your analysis?

1.In your opinion, how is the reliability of financial statements
2.How the financial statements you have reviewed complies with the SEC Code of Ethics, especially:
3.Fair and full reporting of financial information
4.Full compliance with SEC rules and regulations
5.Unethical financial dealings
6.Accountability

Reference no: EM13391022

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