Financial Reporting Problem, Part 1 Instructions Assignment Files Grading Browse the Internet to acquire a copy of the most recent annual report for a publicly traded company.
Analyze the information contained in the company's balance sheet and income statement to answer the following questions: • What are the company's total assets at the end of its most recent annual reporting period? Why is this important? • What are the total assets at the end of the previous annual reporting period? • How much cash and cash equivalents did the company have at the end of its most recent annual reporting period? • What amount of accounts payable did the company have at the end of its most recent annual reporting period? • What amount of accounts payable did the company have at the end of the previous annual reporting period? • What are the company's net revenues for the last three annual reporting periods? • What is the change in dollars in the company's net income from its most recent annual reporting period to the previous annual reporting period? • What are the company's total current assets at the end of its most recent annual reporting period? • What are the total current assets at the end of the previous annual reporting period? • What in the information above would be important to a potential investor, employee, and so on? 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 consistent with APA guidelines.