For this assignment you are required to pick a company that is publicly traded on one of
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Question:
For this assignment you are required to pick a company that is publicly traded on one of the many US exchange floors. Go to the SEC "Edgar" database (https://www.sec.gov/edgar/searchedgar/companysearch) and find your company. Then you will find the company's most recent set of financial statements. The SEC requires that all companies file a 10-K, which is an annual set of financial statements.
Once you locate the information, address the following issues:
Review the 10-K for the company you have chosen an address the following issues:
- What were net sales? Were sales up or down compared to the previous year? Why?
- What was net income before taxes and interest?
- What was net income after taxes and interest?
- Was net income greater or less than the previous year? Why?
- What was the biggest source of cash flow for the company?
- What were total assets? What was the single largest category of assets?
- What were total liabilities? What was the single largest liability?
- What was included in the equity section of the balance sheet?
- Did the company have any comments on acquisitions, mergers, or new product lines that they plan to introduce?
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
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