Discussion Post
CPAs involved in financial analysis focus on the 10-K for major companies. Gross profit and inventory valuations play a key role in recognizing the company's financial profile:
1. Choose two of the FAANG stocks:
a. Facebook.
b. Amazon.
c. Apple.
d. Netflix.
e. Google.
2. Based upon the most current 10-K report from each company, compare and contrast gross profit and ending inventory.
3. Explain the role gross profit and inventory turnover play in a company's profitability.
The response must include a reference list. Using Times New Roman 12 pnt font, double-space, one-inch margins, and APA style of writing and citations.