What did you learn from the footnotes

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Reference no: EM131728262

Question - Research online and find 2 different publicly traded Companies (on the NYSE or NASDAQ) in similar industries. Review the 2 most recent 10-K Annual Filings for each Company,and calculate the following ratios (from Page 737 in textbook) for each Company for the last 3 years:

1. Current Ratio

2. Accounts Receivable Turnover

3. Debt-to-Equity Ratio

4. Return on Total Assets

5. Basic Earnings per Share

Then read the notes to the financial statements for both companies for the most recent year and come up with three: facts, interesting ideas, accounting notions, unique tidbits of information, or important details and answering the following questions:

1. What did you learn from the footnotes?

2. How did the footnote information help your understanding of the financial statements?

3. Would you invest in one of these companies? Which one and why?

Include the 10-K data that you used along with your ratio calculations and answers to the above question.

Reference no: EM131728262

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