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ACC 290 Week 5 Team Assignment Financial Reporting Problem Part II

ACC 290 Week 5 Team Assignment Financial Reporting Problem Part II
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Financial Reporting Problem Part II

 

Access the internet to acquire a copy of the most recent annual report for the public traded company used to complete the Financial Reporting Problem, Part 1 assignment due in week Four.  Analyze the information contained in the company’s balance sheet and income statement to answer the following questions:

 

  • Are the assets included under the company’s current assets listed in the proper order? Explain your answer.

 

  • How are the company’s assets classified?

 

  • What are cash equivalents?

 

 

  • What are the company’s total current liabilities at the end of its most recent annual reporting period?

 

  • What are the company’s total current liabilities at the end of the previous annual reporting period?

 

  • Considering all the information you have gathered, why might this information be important to potential creditors, investors, and employees?

 

Summarize the analysis in a 1,050-1,400 word paper in a Microsoft® Word document.  Include a copy of the company’s balance sheet and income statement.  Format your paper and presentation consistent with APA guidelines.

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