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Purpose of Assignment
This activity helps students recognize the significant role accounting
plays in providing financial information to management for decision
making through the evaluation of financial statements. This experiential
assignment requires students to use ratios to evaluate and analyze a
company's liquidity, solvency, and profitability.
Assignment Steps
Resources: Generally Accepted Accounting Principles (GAAP), U.S.
Securities and Exchange Commission (SEC), University Library,
Library resources: Company Directories and Financials
Tutorial help on Excel® and Word functions can be found on the
Microsoft® Office website. There are also additional tutorials via the
web offering support for Office products.
Select a publicly traded, U.S. corporation with which you are familiar or
one where you currently work or have worked in the past.
Research the company on the Internet and download the Income
Statement, Statement of Shareholders' Equity, Balance Sheet, and
Statement of Cash Flows.
Develop a minimum 700-word examination of the financial statements
and include the following:
• Determine the net income for the current fiscal year (FY). Is this
income up or down from the prior year?
• Explain the relevance of changes in net income to investors.