Chapter 15 Project Pick a company who's stack is traded on the United States stock market ( NASDAQ, NYSE Or AMEXY . Get the most recent financial statements for the company ( see below for directions ) . Take the position of a CFO explaining the company's financial position to the Board of Directors . Using the Statement of Cash Flows , list the net cash flows from operations , investing and financing individually . Name the largest item in each category and discuss its impact on the company . Using the Balance Sheet and Income* Statement , compute the following ratios : Current ratio , Debt to Equity ratio , Rate of Return on Total Assets , Number of days sales in receivables , Inventory turnover , Return on Common Stockholders Equity* and Price / earnings ratio . "You can add two more ratios as necessary . Explain what these ratios would mean to both a banker you would be seeking a loan from for potential growth ( should the banker loan you money ? Why or why not ?") and a potential investor ( should the investor buy stock ?" Why or why not ? ) . ( Some ratios are only appropriate for a banker and some are only appropriate for an investor ! These positions should be supported with your ratio calculations as well as incorporate at least two pieces of current information about your company ( cite your references ) and support the position with information from the Statement of Cash Flows as well