The word profit is used in many different contexts in financial accounting. In the analysis of profit/loss,
Question:
First, identify a publicly traded company that you want to analyze. Then find its 2023 financial statements in its annual report (form name 10k).
Second, examine its income statement and focus on information related to "profits" (e.g., gross profit, operating profit, net profit). Then, analyze the changes by comparing 2023 to 2022. Tip: you need to do some calculations to get the changes across years.
Share an interesting finding related to gross profit percentage, operating profit percentage, or net profit percentage. Share a screenshot of the statement and upload the financials.
Requirements:
1. State the company you are analyzing and share a screenshot of the income statement and the annual report (three years)
2. Provide details on which numbers you are looking at and what you think those numbers are indicating.
Financial Accounting Tools for Business Decision Making
ISBN: 978-1118644942
6th Canadian edition
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso, Barbara Trenholm, Wayne Irvine