Case 3.2 Avnet Comprehensive Analysis Case

Using the Financial Statement Analysis Template Each chapter in the textbook contains a continuation of this problem. The objective is to learn how to do a comprehensive financial statement analysis in steps as the content of each chapter is learned. Using the 2010 Avnet Form 10-K, which can be found at www.pearsonhighered.com/fraser, complete the following requirements:

(a) Open the financial statement analysis template that you saved from the Chapter 1 Avnet problem and input the data from the Avnet income statement. When you have finished inputting the data, review the income statement to ensure no red blocks indicate that your numbers do not match the cover sheet information you input from the Chapter 1 problem. Make any necessary corrections before printing out your input and the common-size income statement the template automatically creates for you.

(b) Analyze the income statement of Avnet. Write a summary that includes important points that an analyst would use to assess Avnet's profitability.