Problem:
Select a company for analysis that has been (1) profitable for the last three fiscal years, (2) is not a bank/financial institution, and (3) is on a major U.S. Stock Exchange.
Write an Executive Summary, using the information contained in the company's balance sheet and income statement, answering the following questions, noting that annual reporting period and fiscal year mean year-end numbers:Company history: When was the company founded? By whom? List other historical facts.
o Who is the audit firm for the company?
o What stock exchange is the company listed on? What is their ticker symbol?
o How much cash and cash equivalents did the company have at the end of its 2 most recent annual reporting periods?
o What were the company's total current assets at the end of its 2 most recent annual reporting periods? In what order should current assets be presented?
o What were the two largest current assets at the end of its 2 most recent annual reporting periods?
o What were the company's total assets at the end of its 2 most recent annual reporting periods?
Attach a copy of the Balance Sheet, Income Statement and Statement of Cash Flow from the Annual Report to your assignment.