For Martha Stewart Living Omnimedia Inc.can someone answer the following.
Financial Statements: Income Statement: is the format most like a single-step or multi-step format? Determine gross profit, income from operations, and net income for the last two years; comment on the increases or decreases in these amounts.
Balance Sheet: Show that Assets = Liabilities + Stockholders' Equity for the past two years.
- What is the company's largest category of current assets?
- What is the company's largest category of long-term assets?
- What is the company's largest category of current liabilities?
- What is the company's largest category of long-term liabilities?
- How many shares of common stock, preferred stock and treasury stock does the company authorized and outstanding?
Statement of Cash Flows: Are cash flows more or less that net income for the past two years? Is the Company expanding through investing activities? What is the company's most important source of financing? Overall has cash increased or decreased over the past two years?