Assignment: Finance Project
In this project, you will identify the key sections and information provided on financial statements. You will also become familiar with analyzing financial statements by comparing the profitability and financial statements of two of the largest companies in the entertainment industry: The Disney Company and Apple Inc.
Create
Using the Project Financial Statements download document, complete the Project Answer Sheet. Include the following information:
o Identify both companies' total current assets and total long-term assets for 2017 and 2016.
o Identify both companies' total current liabilities and total liabilities for 2017 and 2016.
o Identify both companies' shareholders' equity for 2017 and 2016
o Identify both companies' operating profit for 2017 and 2016
o Identify both companies' net profit for 2017 and 2016.
o Explain why each company's ending cash balance changed from 2016 to 2017.
o If you were going to invest in one of these two companies based on the information in these financial statements, which company would you invest in? Explain.
Format your assignment according to the following formatting requirements:
o The answer should be typed, using Times New Roman font (size 12), double spaced, with one-inch margins on all sides.
o The response also includes a cover page containing the title of the assignment, the student's name, the course title, and the date. The cover page is not included in the required page length.
o Also include a reference page. The Citations and references must follow APA format. The reference page is not included in the required page length.