ACC 290 Financial Problem Part 1 Financial Reporting Problem, Part 1 ACC/290 Individual Financial… 1 answer below »

ACC 290 Financial Problem Part 1

Financial Reporting Problem, Part 1

ACC/290

Individual Financial Reporting Problem

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?

• 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?

• Are the assets included under the company’s current assets listed in the proper order? Explain your answer.

• What are the company’s total current liabilities at the end of its most recent annual reporting period? • What are the company’s total current liabilities at the end of the previous annual reporting period?

Answer the above questions in “Short Answer” format in a Microsoft® Word document. Your answers are not to be in the form of a paper or essay.

Include a copy of the company’s balance sheet and income statement.

• Considering all the information you have gathered, why might this information be important to potential creditors, investors, and employees?

Answer this question in a 200- to 300-word paper in a Microsoft® Word document. Format your paper and presentation consistent with APA guidelines. Provide at least two citations/references to indicate the source of the information.

 

 

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