Problem:
Choose three publicly held companies on the Internet. Include at least two manufacturing companies (there must be a product). None can be a financial institution such as a bank or an insurance company. Refer to the financial statements and, for each of the last three years, identify Net Income and Cash Flow from Operating Activities. Investigate the Historical Cost of Non-Current Assets. Look on the Balance Sheet at the categories just below Current Assets. Be sure to use references to your sources for the company data.
The following items will be assessed in particular:
What is the trend of Net Income over the last three years?
What is the trend of Cash Flow from Operating Activities over the last three years?
How representative do you believe these historical costs are of the true current values of these assets?