Reference no: EM13863471
Is there any way to get help on the following?
1. Obtain a copy of the 2009 annual report for a publicly held firm. Try to obtain an annual report for a retail or manufacturing firm. Do not use banks or other financial institutions. Be sure that the financial statement contains the following items: cost of goods sold, inventory, common stock, and interest expense.
2. In no more than two typed pages, address the following questions related to your selected company:
a. What is the company’s principal lime of business and major competitors?
b. On what day does the company’s fiscal year end?
c. What method of depreciation is used by the company to depreciate its operational assets?
d. What inventory method is used to state the value of the company’s inventory?
e. What is the largest source of cash from financial activities?
f. What is the largest use of cash from investing activities?
g. Describe one footnote that presents additional information about a reported financial statement number (provide the footnote number or letter).
h. Describe one footnote that presents additional information not listed in the financial statement (provide the footnote number or letter).
i. What is the average percentage markup on sales or the gross profit margin? j. What is the current price of the company’s stock?
3. Compute the percentage change in the following items from the preceding year to the current year: (one typed page: use a table format with three columns: Last year, Current year, % Change (=/-)
a. Earnings per share
b. Gross margin percentage
c. Sales revenue
d. Net income
e. Cash
f. Inventory
g. Total liabilities
h. Total stockholder’s equity
4. Calculate the 8 ratios for the current year.
5. Investment decision: Provide a statement of your decision to invest or not invest in this company’s stock based on the research you have done and your interpretation of the company’s long-term prospects.
6. Provide a copy of the following:
a. Management’s statement of responsibility for the financial statements
b. Auditor’s report Financial Statement Analysis Created by C Chung
c. Financial statements: balance sheet, income statement, statement of stockholder’s equity, and statement of cash flows d. D footnotes to the financial statements
|
Cash basis taxpayers gross income
: Determine the effects of the following on a cash basis taxpayer's gross income for 2014 and 2015.
|
|
What is his federal income tax on these transactions
: Oliver had the following transactions in 2014 involving capital assets: If Oliver is in the 33% tax bracket, what is his Federal income tax on these transactions? If Oliver is in the 15% tax bracket, what is his Federal income tax on these transactio..
|
|
Calculate income using the cash basis method of accounting
: Susan is a lawyer who operates her business as a sole proprietorship. During 2014 she receives $300,000 for her legal services. Of the amount collected, $50,000 was for services provided in 2013. Calculate Susan’s income using the cash basis method o..
|
|
Managerial accounting techniques
: Managerial accounting techniques are: The method of least squares is a statistical technique which is more precise but similar to. Jose Company uses a job order cost system. At the end of an accounting period, Jose has a debit balance in the Factory ..
|
|
Companys principal lime of business and major competitors
: In no more than two typed pages, address the following questions related to your selected company: What is the company’s principal lime of business and major competitors? Calculate the 8 ratios for the current year. Investment decision: Provide a sta..
|
|
Trial balance-account balances
: The trial balance for K and J Nursery, Inc., listed the following account balances at December 31, 2016, the end of its fiscal year: cash, $30,000; accounts receivable, $25,000; inventories, $39,000; equipment (net), $94,000; accounts payable, $28,00..
|
|
Managerial accounting
: Write an outline for the following research paper topic: Managerial Accounting: How managers can use accounting information to make better decisions.
|
|
Transaction on individual items of the accounting equation
: The company completed consulting work for a client and immediately collected $6,500 cash earned. The company completed commission work for a client and sent a bill for $5,000 to be received within 30 days. Enter the impact of each transaction on indi..
|
|
Bookkeeper used straight-line depreciation
: The first audit of the books of Bruce Gingrich Company was made for the year ended December 31, 2015. At the beginning of 2013, the company purchased a machine for $494,300 (salvage value of $52,600) that had a useful life of 6 years. The bookkeeper ..
|