Research In-N-Out Burger Company and FROM THE COMPANY WEBSITE download the Income Statement, Statement of Shareholders' Equity, Balance Sheet, and Statement of Cash Flows.
Answer the following questions- APA format is NOT used for this assignment:
- Determine the net income for the current fiscal year (FY). Is this income up or down from the prior year?
- Explain the relevance of changes in net income to investors.
- Determine the ending balance in shareholders' equity. Why would organizations such as labor unions be interested in this?
- Determine the total value of assets.
- Discuss the relevance of the total value of assets to potential creditors and why this is important.
- Using excel: Compute the return on assets. Discuss the relative profitability of the company based on your results.
- Using Excel: Compute the working capital and current ratio. Evaluate the relative liquidity of the company based on your results.
- Using excel: Compute the debt to assets ratio and the free cash flow for your company. Analyze the results and comment on the relative solvency of the company.
- Discuss how the financial statements are used in your current role or a position you would like to hold. How might these aid you in managerial decision making?
Show your work in Excel.
Complete calculations/computations using Excel.