Financial Reporting Problem Part I
Browse the Internet to acquire a copy of the most recent annual report for a publicly traded company. 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?
Summarizethe analysis in a 1,050-1,400 word paper in a Microsoft® Word document. Include a copy of the company's balance sheet and income statement. Format your paper consistent with APA guidelines.