How are the companys assets

Question

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:

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?

Answer 1

For this assignment, you have to make use of internet to obtain a copy of the latest yearly report for the publicly traded company employed to solve the financial reporting problem. Examine the information contained in the company's balance sheet and income statement to answer the given questions: 1) Are the assets comprised under company's present assets listed in the proper order? Describe your answer. 2) Explain how are company's assets categorized? 3) What do you mean by cash equivalents? 4) Determine the company's net current liabilities at the end of its latest annual reporting period? 5) Determine the company's net current liabilities at the end of the previous annual reporting period? 6) Considering all the information you have collected, why might this information be significant to potential creditors, investors and staff?