Task: Verizon Communications Inc.
Question 1: What is the history of this company? How did it begin? What differentiates this company from its competitors?
Question 2: Compute the following ratios for this company:
o current ratio
o inventory turnover ratio
o accounts receivable turnover ratio
o debt to equity
o return on assets
o return on equity
o gross margin on sales
Question 3: What do these ratios indicate about the company?
Question 4: Who would be interested in each of the ratios listed above? Why?
Question 5: How well is this company doing? If possible, find the industry ratios for comparison.
Question 6: What other information would be useful for investors and creditors in making economic decisions about this company?
Question 7: Would you invest in this company?
Question 8: Identify and use the sources of accounting data and information.
Question 9: Identify the users of financial accounting information and the types of decisions made by users.
Question 10: Describe and analyze the effects of business transactions (both in terms of increases and decreases, and debits and credits) on the basic accounting elements: assets, liabilities, owners' equity, revenues, and expenses.
Question 11: Discuss the impact of technology on business.