Instructions
Write a research paper on the following. The assignment has two requirements:
1.) Select a publicly-traded company that is traded on U.S. exchange. Locate the annual report for at least the last three fiscal years.
Analyze the financial statements for the company and review for large movements in specific accounts from one year to the next. In addition, review the notes to the financial statements as these are an integral part of the financial reporting package. Evaluate the balance sheet to determine if there are large changes in the company’s assets, liabilities, or equity accounts. In addition, analyze the income statement and statement of cash flows.
2.) At a minimum, calculate the following ratios for two years, the debt-to-equity ratio, current ratio, quick ratio, return on equity, and net profit margin. For each ratio, explain what the ratio tells you about the company.
For this assignment you may NOT use the following companies: Microsoft, Amazon, Walmart, Tesla, Disney, NVIDIA or Apple. Submission of a paper using any of these companies will be an automatic zero. Please choose a publicly traded company OTHER than these, and utilize the three most recent years of data for your paper.