Purpose of Assignment This activity helps students recognize the significant role accounting plays in providing financial information to management for decision making through the evaluation of financial statements. This experiential assignment requires students to use ratios to evaluate and analyze a company’s liquidity, solvency, and profitability. Assignment Steps Resources: Generally Accepted Accounting Principles (GAAP), U.S. Securities and Exchange Commission (SEC), University Library, Library resources: Company Directories and Financials Tutorial help on Excel and Word functions can be found on the Microsoft Office website. There are also additional tutorials via the web offering support for Office products. Research Select a publicly traded company via its website and download the company’s most recent 10-K.If you go to the company’s investor relations page you should be able to find the company’s SEC filings. Go there and select annual filings to see the company’s 10-Ks. Download the pdf version of the 10-K.Develop a minimum 700-word examination of the financial statements and include the following:
Explain the relevance of changes in net income to investors.
Determine the ending balance in shareholders’ equity. Why would a labor union be interested in this?
Determine the total value of assets.
Discuss the relevance of the total value of assets to potential creditors and why the company’s assets are important to creditors.
Compute the return on assets. Discuss the relative profitability of the company based on your results.
Compute the working capital and current ratio. Evaluate the relative liquidity of the company based on your results.
Compute the debt to assets ratio and the free cash flow for your company. Analyze the results and comment on the relative solvency of the company.
Discuss how the financial statements are used in your current role or a position you would like to hold. How might these aid you in managerial decision making?
Show your work in Microsoft Word or Excel. Complete calculations/computations using Microsoft Word or Excel. Include the company’s 10-K along with your assignment.Format your assignment consistent with APA guidelines.
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