Each chapter in the textbook contains a continuation of this problem. The objective is to learn how to do a comprehensive financial statement analysis in steps as you learn the content of each chapter. Keep this in mind as you complete each week’s written assignment. Write a 2-page paper analyzing the Eastman Kodak Balance Sheet using the Eastman Kodak 2007 Annual Report and Form10-K, including the important points that an analyst would use in assessing the financial condition of Eastman Kodak. Attach the Excel worksheet that you created to do the analysis.
- Open the financial statement analysis template that you saved from the Chapter 1 Eastman Kodak problem and input the data from the Eastman Kodak balance sheet. Eastman Kodak has combined many of its asset and liability accounts into one comprehensive account on the balance sheet. Be sure to read the notes to determine the correct numbers to input in the template. For example, the company has combined many items in the account “Other long-term assets” that should be separated into appropriate accounts. When you have finished inputting the data, review the balance sheet to make sure there are no red blocks indicating that your numbers do not match the cover sheet information you input from the Chapter 1 problem. Make any necessary corrections before saving your input and the common-size balance sheet that the template automatically creates for you, you will be submitting this saved “print-out” to your instructor.
- Analyze the balance sheet. Write a summary that includes important points that an analyst would use in assessing the financial condition of Eastman
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