Analyzing Financial Statements of United States Based Corporations Scenario Each student is to select a United States based...

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Question

Accounting

Analyzing Financial Statements of United States BasedCorporations
Scenario

Each student is to select a United States based public (shares arelisted on a major stock exchange) company for this project. Youwill need to locate the company's income statement and balancesheet for the past two years. The project is to be completedIndividually - this is not a group project.

Requirements

1. For each year please determine/calculate thefollowing:
* Net income
* Net income before taxes
* Income tax rate
* Earnings per share
* Gross profit margin
* Net profit margin
* Operating income
* Non-operating income
* Total assets
* Current assets
* Total liabilities
* Current liabilities
* Current ratio
* Debt to total assets ratio
* Book value (owners equity)
2. Prepare a comparative financial statement analysis (horizontalanalysis) for each of the 15 categories/financialmeasures.
3. Prepare a spreadsheet that shows all of the data, calculations,and analyses.
4. For each of the categories/financial measures that show adifference between the two years, determine what factors could havecaused the differences.

usea companys income statement and balance sheets.

Answer & Explanation Solved by verified expert

4.2 Ratings (631 Votes)

1 Particular Remarks For year ended June 30 2019 For year ended June 30 2018 Net income From the Income Statement amount in million 39240 16571 Net income before taxes From the Income Statement amount in million 43688 36474 Income tax rate Provision for Income taxes Net income before taxes 2019 4448 43688 2018 19903 36474 1018 5457 Earnings per share From the Income statement per share amount Basic EPS 511 215 Gross profit margin Gross margin Total Revenue 2019 82933 125843 2018 72007 110360 6590 6525 Net profit margin Net Income Total Revenue 2019 39240 125843 2018 16571 110360 3118 1502 Operating income From the Income Statement amount in millions 42959 35058 Nonoperating income From the Income Statement amount in millions 729 1416 Total assets From the Balance Sheet amount in millions 286556 258848 Current assets From the Balance Sheet amount in millions 175552 169662 Total liabilities From the Balance Sheet amount in millions See Answer

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Transcribed Image Text

Analyzing Financial Statements of United States BasedCorporationsScenarioEach student is to select a United States based public (shares arelisted on a major stock exchange) company for this project. Youwill need to locate the company's income statement and balancesheet for the past two years. The project is to be completedIndividually - this is not a group project.Requirements1. For each year please determine/calculate thefollowing:* Net income* Net income before taxes* Income tax rate* Earnings per share* Gross profit margin* Net profit margin* Operating income* Non-operating income* Total assets* Current assets* Total liabilities* Current liabilities* Current ratio* Debt to total assets ratio* Book value (owners equity)2. Prepare a comparative financial statement analysis (horizontalanalysis) for each of the 15 categories/financialmeasures.3. Prepare a spreadsheet that shows all of the data, calculations,and analyses.4. For each of the categories/financial measures that show adifference between the two years, determine what factors could havecaused the differences.usea companys income statement and balance sheets.