Assignment: Business Accounting
As an employee, write an internal memo to your manager addressing the following:
Visit the home page of The Securities & Exchange Commission.
Use EDGAR to locate the most recent 10-K by researching an automotive company of your choice on the Internet and examine its consolidated income statement.
· Do not research the company listed in the text.
· In the most recent year reported, what percentage of the company's total revenue was from financial services?
· In the most recent year reported, what was the company's gross profit as a percentage of automotive sales?
· How might the company's sales mix (e.g., trucks, cars, sport utility vehicles, etc.) influence its profitability?
Format your assignment according to the following formatting requirements:
1. The answer should be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides.
2. The response also includes a cover page containing the title of the assignment, the student's name, the course title, and the date. The cover page is not included in the required page length.
3. Also include a reference page. The Citations and references should follow APA format. The reference page is not included in the required page length.