Just need an idea how to do this: ACCT 2101 Project Instructions What to turn in
ID: 2575137 • Letter: J
Question
Just need an idea how to do this:
ACCT 2101 Project Instructions
What to turn in: A typed, printed copy of your report and a printed copy of the financial statements. These must be neatly stapled together and submitted in class on or before the due date listed in the schedule. No exceptions. If you know or think you will be absent on the due date, please turn in your report early. This includes absences for GGC athletic events or other GGC sponsored activities. Five points will be deducted from your project grade for reports that are not stapled. Reports will not be accepted over email. You cannot use The Home Depot as this was our class example.
Report format: Times New Roman, 12 pt font, double spaced, one-inch margins, length is 2 -3 pages.
About the assignment: Select a company that is publicly traded in the United States. Go to sec.gov and look up the annual report for a company. This document is called a Form 10-K. For the most recent year available, print out copies of the Income Statement, Statement of Retained Earnings, Balance Sheet, and Statement of Cash Flows. Remember, the statements may have different names. Examples of alternative names can be found at the end of the textbook. Do not print the entire 10-K.
Select 3 financial ratios from the textbook and use the information from the financial statements to calculate the ratios. At the end of the textbook there is a list of financial ratios titled “Analyses.” There is also one or more ratios listed at the end of each chapter. Any 3 ratios may be selected from these sources.
Briefly research your company and its history.
Report Contents:
1) The introduction should describe the company. For example, what does the company do, where the company is located, when was it established, etc.
2) The body of the report should discuss the results of your financial ratio calculations. Be sure to include the name of the ratio and the formula. Then, show the calculations typed out. Lastly, interpret the ratio; this means describe what the ratio is telling you.
3) The conclusion of the report should include your opinion about whether or not you would invest in the company and why.
https://www.sec.gov/Archives/edgar/data/865436/000086543617000238/wfm10k2017.htm
Explanation / Answer
Whole Foods Market, Inc
1) The comapny leads in the business of natural and organic foods supermarket. The company is leading in the business. It is the first national "Certified Organic" grocer in the country. The company provides a wide range of products and provides specific considerations towards the perishable goods. The company carrys national as well as private brand labels n its store.
2)
Current Ratio
=
Current Assets
Current Liabilities
Current Assets
$ 5,283.40
Current Liabilities
$ 4,220.70
Current Ratio
=
$ 5,283.40
$ 4,220.70
=
1.25
Debt Ratio
($ in millions)
=
Total Debt
Total Assets
Total Debt
Total Assets
Debt Ratio
=
$ 1,891.00
$ 6,676.00
=
28.33%
The ratio determines the percentage of debt of the company covered by the assets of the company
Profit Margin Ratio
=
Net Income
Sales Revenue
Net Income
Sales Revenue
Profit Margin Ratio
=
$ 245.00
$ 16,030.00
=
1.53%
The ratio indicates the percentage of the sales revenue earned as net profit by the company
Current Ratio
=
Current Assets
Current Liablities
Current Assets
$ 2,145.00
Current Liablities
$ 1,355.00
Current Ratio
=
$ 2,145.00
$ 1,355.00
=
1.58
The ratio depicts the lquidity of the company. It determines how much liquid asset the company has over its current liabilities.
3) The company is a leading business power in the sector of groceries. The ratios depicted above shows that the company is very beneficial for an investor to invest the funds.
Current Ratio
=
Current Assets
Current Liabilities
Current Assets
$ 5,283.40
Current Liabilities
$ 4,220.70
Current Ratio
=
$ 5,283.40
$ 4,220.70
=
1.25
Related Questions
Navigate
Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.