Locate the Cisco annual report. Do this by searching for Cisco Systems, clicking Investor Relations under About

Question:

Locate the Cisco annual report. Do this by searching for “Cisco Systems,” clicking Investor Relations under About Cisco, and opening Annual Reports under the Financial Reporting tab. Then click Open Printable Report in the box for the most recent annual report. Answer the following questions concerning Cisco:
1. Select Letter to Shareholders from the menu. Is the message optimistic?
2. Select Business – General from the menu. When was the company founded? What is its focus?
3. Now find Cisco’s under Part II – What are Cisco’s Total Assets, Total Liabilities, and Total Shareholders’ Equity?
4. How much are Cisco’s inventories? Have they increased or decreased in the last year? Do you think that change is good or bad?
5. Select the Report of Independent Registered Public Accounting Firm, which is also under the tab. Who is responsible for the preparation, integrity, and fair presentation of Cisco’s What is the auditor’s responsibility?
6. Find Cisco’s list of members of its board of directors near the end of the report. H1ow many directors are there? How many are Cisco executives? How many are academics? How many directors are on the audit committee?

Financial Statements
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial... Balance Sheet
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial...