Which is really a cover sheet with the names of each team

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Reference no: EM133711754

Homework: A Financial Statement Analysis - A Comparative Analysis of Apple, Inc. and Microsoft, Inc.

Description

This course contains a Course Project, where you will be required to submit one draft of the project at the end of Week 6, and the final completed project at the end of Week 8. Using the financial statements for Apple Inc. and Microsoft, Inc., respectively, you will calculate and compare the financial ratios listed further down this document and prepare your comments about the two companies' performances based on your ratio calculations. The entire project will be graded by the instructor at the end of the final submission in Week 8, and one grade will be assigned for the entire project.

Financial Statement

The financial statements for Apple Inc. for the fiscal year ending 2021.

When you arrive at this website, please do the following.

First, select SEC Filings, next select Annual Filings using the drop-down arrow labeled All Filings and then select 2021, using the drop-down arrow labeled Year,

You should select the 10-K dated 10/29/2021 and choose to download in PDF, HTML, or Excel format. The PDF format is the best format for searching.

The financial statements for Microsoft, Inc. for the fiscal year ending 2021.

Once on the page, filter out the "Annual Filings" and "2021" year, which will bring up the link to the 10-K report. Click on Documents for the 10-K dated 07/29/2021. Finally, click on the .pdf link next to the Form 10-K. This will open the 10-K in HTML format which is searchable.

Task

Your final Excel workbook submission should contain the following. You cannot use any other software but Excel to complete this project.

I. A Completed Worksheet Title Page tab, which is really a cover sheet with the names of each team member, the course, the date, your instructor's name, and the title for the project.

II. A Completed Worksheet Profiles tab which contains a one-paragraph description regarding each company with information about their history, what products they sell, where they are located, and so forth.

III. All 16 ratios for each company with the supporting calculations and commentary on your Worksheet Ratio tab. Supporting calculations must be shown either as a formula or as text typed into a different cell. The ratios are listed further down this document. Your comments for each ratio should include more than just a definition of the ratio. You should focus on interpreting each ratio number for each company and support your comments with the numbers found in the ratios. You need to specifically state which company performed better for each ratio.

IV. The Summary and Conclusions Worksheet tab is an overall comparison of how each company compares in terms of the major category of ratios described in Chapter 13 of your textbook. A nice way to conclude is to state which company you think is the better investment and why.

V. The Bibliography Worksheet tab must contain at least your textbook as a reference. Any other information that you use to profile the companies should also be cited as a reference as well as the links to the financial statements.

Required Ratios for Final Project Submission

I. Earnings per Share of Common Stock

II. Current Ratio

III. Gross Profit Rate

IV. Profit Margin

V. Inventory Turnover

VI. Days in Inventory

VII. Accounts Receivable Turnover

VIII. Average Collection Period

IX. Asset Turnover

X. Return on Assets (ROA)

XI. Debt to assets Ratio

XII. Times Interest Earned Ratio

Dividend Yield [For the purposes of this ratio, use obtain the dividend per share information from each company's statement of stockholders' equity. Obtain the stock prices for each company from Yahoo Finance. Use the closing price as of 9/24/21 for Apple, and 06/30/21 for Microsoft. ]

XIII. Return on Common Stockholders' Equity (ROE)

XIV. Free cash flow

Price-Earnings Ratio (Obtain the stock prices for each company from Yahoo Finance. Use the closing price as of 9/24/21 for Apple, and 06/30/21 for Microsoft.)

Note: The Excel files uploaded as the homework submission should not include any unnecessary numbers or information (such as previous years' ratios, ratios that were not specifically asked for in the project, etc.).

For the Draft:

Create an Excel spreadsheet or use the project template to show your computations for the first 10 ratios listed above. The more you can complete regarding the other requirements, the closer you will be to completion when Week 8 arrives. Supporting calculations must be shown either as a formula or as text typed into a different cell. If you plan on creating your own spreadsheet, please follow the format provided in the Nike and Under Armour template file.

Reference no: EM133711754

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