ACC 290

Browse the Internet to acquire a copy of the most recent annual report for a publicly traded company.

Analyze the information contained in the company’s balance sheet and income statement to answer the following questions:

• What are the company’s total assets at the end of its most recent annual reporting period? Why is this important?
• What are the total assets at the end of the previous annual reporting period?
• How much cash and cash equivalents did the company have at the end of its most recent annual reporting period?
• What amount of accounts payable did the company have at the end of its most recent annual reporting period?
• What amount of accounts payable did the company have at the end of the previous annual reporting period?
• What are the company’s net revenues for the last three annual reporting periods?
• What is the change in dollars in the company’s net income from its most recent annual reporting period to the previous annual reporting period?
• What are the company’s total current assets at the end of its most recent annual reporting period?
• What are the total current assets at the end of the previous annual reporting period?
• What in the information above would be important to a potential investor, employee, and so on?

Summarize the analysis in a 700- to 1,050-word paper in a Microsoft^® Word document.

Include a copy of the company’s balance sheet and income statement.

Company Chosen

Medifast

Weight-Loss Programs

Sales: $283 million

Its pre-packaged meals cost an average of $11 per day. Medifast ranked No. 1 on Forbes’ 2010 list of Best Small Companies in America