Select a publicly
quoted company. Obtain the annual report (10-k) of the company for the
immediate past year. The form 10-k report is accessible at http://www.sec.gov/edgar.shtml.
An alternative means
to obtain the report is by clicking on the SEC filings link on your selected
company’s website and search for the latest form 10-k filings.
Write a paper fully
addressing the following questions:
1.
What are
the keys items covered in the financial section of the report?
2.
What
comprises the assets of the company? What are the total assets of the company?
3.
What
comprises the liabilities of the company? What are the total liabilities of the
company?
4.
What
comprises the equity of the company? What is the total equity of the company?
5.
Does the
company have pensions and other post-retirement benefits? How much?
6.
Does the
company have share-based compensation? How much?
7.
What is
the net operating profit for the last year?
8.
What is
the cost of goods sold in the past year?
9.
What is
the earnings per share for the past year?
In the notes to the
financial statements, perhaps the company has accounting changes and errors and
corrections. Discuss the stated reasons and types of changes and corrections.
Provide a segmental
breakdown of the markets. What is the sales volume from each market? What is
the sales trend for each market for the last two years?
Does the company have
leases? Does the company have operating leases, capital leases, or both? How
does the company account for lease obligations?
Write a report in the
form of a paper for the company under the following four headings:
1. Introduction (stating
the type of business and general information on the company)
2. Financial Report
(answering the specific financial questions)
3. Recommendation
4. Conclusion
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