Consider a publicly held company whose products you are familiar with. Some examples might include: Access the

Question:

Consider a publicly held company whose products you are familiar with. Some examples might include:

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Access the company’s public website and search for its most recent annual report. (Some companies will provide access to their financial data through an “investor relations” link, while others will provide a direct link to their “annual reports.”) After locating your company’s most recent annual report, open the file and review its contents. After reviewing the annual report for your selected company, prepare answers to the following questions:
1. Prepare a list of the company’s products.
2. Identify which accounting firm audited the company’s financial data. Briefly describe the contents of the audit report.
3. How much net income did the company earn in each of the past two years?
4. How much cash flow from operations did the company generate in each of the last two years?
5. Explain why the amount of net income and the cash flow from operations differed.
6. Comment on the company’s performance and financial health over the last two years. Is the company’s performance and financial health improving or declining? Why?