ACC 290 Week 4 Practice Quiz ( New )
Financial Reporting Problem Part II
Access the internet to acquire a copy of the most recent annual report for the public traded company used to complete the Financial Reporting Problem , Part 1 assignment due in ACC 290 Week Four . Analyze the information contained in the company ’ s balance sheet and income statement to answer the following questions :
Are the assets included under the company ’ s current assets listed in the proper order ? Explain your answer .
How are the company ’ s assets classified ? What are cash equivalents ?
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 ?
Considering all the information you have gathered , why might this information be important to potential creditors , investors , and employees ?
Summarize the 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 and presentation consistent with APA guidelines .
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ACC 290 Week 4 Practice Quiz ( New )