FORTUNE 500 Company Assignment
1. Identify which publicly traded Fortune 500 Company they will present
2. Locate the Financial Statement for the first available previous year
3. Determine the Earnings Before Interest, Taxes, Depreciation and Amortization
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Income Statement for the Year Ending December 31, 2009
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Sales Revenue
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$1,000,000
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Salaries
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(100,000)
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Rent & Utilities
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(100,000)
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Depreciation
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(50,000)
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Operating Profit (EBIT)
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$750,000
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Interest Expense
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(50,000)
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Earnings Before Taxes (EBT)
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$700,000
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Taxes
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(100,000)
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Net Income
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$600,000
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4. Determine the Retained Earnings and the Net Income.
5. Determine what will be the organizations next move.
6. Be prepared to present your findings on the next class day after the holiday.