Financial Reporting Problem
Access ;the Internet to acquire a copy of the most recent annual report for the publicly traded company used to complete the Financial Reporting Problem, Part 1 assignment due in Week Six.
Analyze ;the information contained in the company’s balance sheet and income statement to answer the following questions:
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- 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 700- to 1,050-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.
Click ;the Assignment Files tab to submit your assignment.