Analyze the information contained in the company's balance sheet and income statement to answer the following questions:
- What are the company's total assets at the end of its most recent annual reporting period? Why is this important?
- What are the total assets at the end of the previous annual reporting period?
- How much cash and cash equivalents did the company have at the end of its most recent annual reporting period?
- What amount of accounts payable did the company have at the end of its most recent annual reporting period?
- What amount of accounts payable did the company have at the end of the previous annual reporting period?
- What are the company's net revenues for the last three annual reporting periods?
- What is the change in dollars in the company's net income from its most recent annual reporting period to the previous annual reporting period?
- What are the company's total current assets at the end of its most recent annual reporting period?
- What are the total current assets at the end of the previous annual reporting period?
- What in the information above would be important to a potential investor, employee, and so on?
Summarize the analysis in a 700- to 1,050-word paper in a Microsoft® Word document.
Include a copy of the company's balance sheet and income statement.
Then a part 2 for the same company
Access the Internet to acquire a copy of the most recent annual report for the publicly traded company used to complete the Financial Reporting Problem, Part 1 assignment due in Week Six.
Analyze the information contained in the company's balance sheet and income statement to answer the following questions:
- Are the assets included under the company's current assets listed in the proper order? Explain your answer.
- How are the company's assets classified?
- What are cash equivalents?
- What are the company's total current liabilities at the end of its most recent annual reporting period?
- What are the company's total current liabilities at the end of the previous annual reporting period?
- Considering all the information you have gathered, why might this information be important to potential creditors, investors, and employees?
Summarize the analysis in a 700- to 1,050-word paper in a Microsoft® Word document.