Problem
CPAs involved in financial analysis focus on the 10-K for major companies. Gross profit and inventory valuations play a key role in recognizing the company's financial profile:
A. Choose two of the FAANG stocks:
a. Facebook.
b. Amazon.
c. Apple.
d. Netflix.
e. Google.
B. Based upon the most current 10-K report from each company, compare and contrast gross profit and ending inventory.
C. Explain the role gross profit and inventory turnover play in a company's profitability.
D. Provide support for your rationale.
The response must include a reference list. Using one-inch margins, double-space, Times New Roman 12 pnt font and APA style of writing and citations.