Financial Reporting Problem, Part 2

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 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- to 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 6th edition guidelines.

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