Homework
Purpose of Homework:
The purpose of this homework is for students to utilize critical thinking skills to understand the information contained within a company's financial statements and how they articulate with each other.
Task:
Develop a 700 words evaluation (keep it right around 700 words) on the Overview of Financial Statements using the following as guides:
i. Locate a financial statement (income statement, balance sheet, statement of cash flow) for a public company. If possible, choose a company similar to one you wish to create or work for one day. You will find the information needed on their annual report. Use numbers from the most recent annual report, not a quarterly report, but the annual report.
ii. What do the financial statements say about this company in general?
iii. Identify the salient information contained in the financial statements (income statement, balance sheet, statement of cash flow).
iv. Identify the company's net income (income statement), total assets (balance sheet), and total net cash flow (statement of cash flow). I'm looking for numbers here.
v. Explain how financial statements (income, balance, statement of cash flow) are connected to each other.
vi. Examine the importance and the relevance of financial statements for the entrepreneur.
Format your homework according to the following formatting requirements:
i) The answer should be typed, using Times New Roman font (size 12), double spaced, with one-inch margins on all sides.
ii) The response also includes a cover page containing the title of the homework, the student's name, the course title, and the date. The cover page is not included in the required page length.
iii) Also include a reference page. The Citations and references must follow APA format. The reference page is not included in the required page length.